|
|
|
|
|
2009 |
2008 |
2007 |
2006 |
| Standard Deductions |
| Joint or Qualifying Widow (MFJ) |
$ 11,400 |
$ 10,900
|
$ 10,700
|
$ 10,300 |
| Single |
$ 5,700 |
$ 5,450
|
$ 5,350
|
$ 5,150 |
| Head of Household (HOH) |
$ 8,350 |
$ 8,000
|
$ 7,850
|
$ 7,550 |
| Married Filing Separately (MFS) |
$ 5,700 |
$ 5,450
|
$ 5,350
|
$ 5,150 |
| Additional for Elderly/Blind-Married |
$ 1,100 |
$ 1,050
|
$ 1,050
|
$ 1,000 |
| Additional for Elderly/Blind-Unmarried |
$ 1,400 |
$ 1,330 |
$ 1,300
|
$ 1,250 |
| Taxpayer Claimed as Dependent |
$ 950 |
$ 900 |
$ 850 |
$ 800 |
|
| Personal/Dependent Exemption |
|
$ 3,650 |
$ 3,500 |
$ 3,400 |
$ 3,300 |
|
| Child Tax Credit (per child) |
|
$ 1,000 |
$ 1,000 |
$ 1,000 |
$ 1,000 |
|
| Unearned Income without Kiddie Tax |
|
$ 1,900 |
$ 1,800
|
$ 1,700 |
$ 1,700
|
| Beginning of the 15% Bracket |
| MFJ |
$ 16,700 |
$ 16,050
|
$ 15,650
|
$ 15,100 |
| Single |
$ 8,350 |
$ 8,025
|
$ 7,825
|
$ 7,550 |
| HOH |
$ 11,950 |
$ 11,450
|
$ 11,200
|
$ 10,750 |
| MFS |
$ 8,350 |
$ 8,025
|
$ 7,825
|
$ 7,550 |
| Estates and Nongrantor Trusts |
$ 0 |
$ 0
|
$ 0
|
$ 0 |
|
| Beginning of the 25% Bracket |
| MFJ |
$ 67,900 |
$ 65,100
|
$ 63,700
|
$ 51,300 |
| Single |
$ 33,950 |
$ 32,550
|
$ 31,850
|
$ 30,650 |
| HOH |
$ 45,500 |
$ 43,650
|
$ 42,650
|
$ 41,050 |
| MFS |
$ 33,950 |
$ 32,550
|
$ 31,850
|
$ 30,650 |
| Estates and Nongrantor Trusts |
$ 2,300 |
$ 2,200
|
$ 2,150
|
$ 2,050 |
| Beginning of the 28% Bracket |
| MFJ |
$ 137,050 |
$ 131,450
|
$ 128,500
|
$ 123,700 |
| Single |
$ 82,250 |
$ 78,850
|
$ 77,100
|
$ 74,200 |
| HOH |
$ 117,450 |
$ 112,650
|
$ 110,100
|
$ 106,000 |
| MFS |
$ 68,525 |
$ 65,725
|
$ 64,250 |
$ 61,850 |
| Estates and Nongrantor Trusts |
$ 5,350 |
$ 5,150
|
$ 5,000
|
$ 4,850 |
| Beginning of the 33% Bracket |
| MFJ |
$ 208,850 |
$ 200,300
|
$ 195,850
|
$ 188,450 |
| Single |
$ 171,550 |
$ 164,550
|
$ 160,850
|
$ 154,800 |
| HOH |
$ 190,200 |
$ 182,400
|
$ 178,350
|
$ 171,650 |
| MFS |
$ 104,425 |
$ 100,150
|
$ 97,925
|
$ 94,225 |
| Estates and Nongrantor Trusts |
$ 8,200 |
$ 7,850
|
$ 7,650 |
$ 7,400 |
| Beginning of the 35% Bracket |
| MFJ, Single, HOH |
$ 372,950 |
$ 357,700 |
$ 349,700
|
$ 336,550 |
| MFS |
$ 186,475 |
$ 178,850 |
$ 174,850
|
$ 168,275 |
| Estates and Nongrantor Trusts |
$ 11,150 |
$ 10,700 |
$ 10,450
|
$ 10,050 |
|
|
|
2009 |
2008 |
2005 |
2006 |
| Gift and Estate Tax |
| Estate tax exclusion amount |
$ 3,500,000 |
$ 2,000,000 |
$ 2,000,000
|
$ 2,000,000 |
| Gift tax exemption |
$ 1,000,000 |
$ 1,000,000 |
$ 1,000,000
|
$ 1,000,000 |
| Gift tax annual exclusion |
$ 13,000 |
$ 12,000 |
$ 12,000
|
$ 12,000 |
|
| FICA/SE Tax Max Earnings |
|
$ 106,800 |
$ 102,000 |
$ 97,500
|
$ 94,200 |
| Auto Standard Mileage Allowances: |
| Business |
$ 0.550 |
$ 0.505 /$ 0.585 |
$ 0.485
|
$ 0.445 |
| Medical/Moving |
$ 0.24 |
$ 0.19 /$ 0.27 |
$ 0.20
|
$ 0.18 |
| Charity Work |
$ 0.14 |
$ 0.14 |
$ 0.14
|
$ 0.14 |
| Maximum IRA Contribution |
| Annual Contribution Limit |
$ 5,000 |
$ 5,000 |
$ 4,000
|
$ 4,000 |
| Catch-up Contribution |
$ 1,000 |
$ 1,000 |
$ 1,000
|
$ 1,000 |
|
| Compensation Limit [IRCSec.401(a)(171)] |
|
$ 245,000 |
$ 230,000 |
$ 225,000
|
$ 220,000 |
| Maximum 401(k) and 403(b) Deferral |
| Annual Deferral Limit |
$ 16,500 |
$ 15,500 |
$ 15,500
|
$ 15,000 |
| Catch-up Contribution |
$ 5,500 |
$ 5,000 |
$ 5,000
|
$ 5,000 |
| Simple Plan |
| Annual Deferral Limit |
$ 11,500 |
$ 10,500 |
$ 10,500
|
$ 10,000 |
| Catch-up Contribution |
$ 2,500 |
$ 2,500 |
$ 2,500 |
$ 2,500 |
|
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