2009 Tax Law Changes
2009 Individual Income Tax Rates
Taxable Income
|
Tax Rate |
Single |
Joint |
Married Filing Separately |
Head of Household |
|
10% |
0 - 8,350 |
0 - 16,700 |
0 - 8,350 |
0 - 11,950 |
|
15% |
8,351 - 33,950 |
16,701 - 67,900 |
8,351 - 33,950 |
11,951 - 45,500 |
|
25% |
33,951 - 82,250 |
67,901 - 137,050 |
33,951 - 68,525 |
45,501 - 117,450 |
|
28% |
82,251 - 171,550 |
137,051 - 208,850 |
68,526 - 104,425 |
117,451 - 190,200 |
|
33% |
171,551 - 372,950 |
208,851 - 372,950 |
104,426 - 186,475 |
190,201 - 372,950 |
|
35% |
over 372,950 |
over 372,950 |
over 186,475 |
over 372,950 |
Standard Deduction Amount
Joint returns & survivors - $11,400
Married filing separately - $5,700
Head of household - $8,350
Single - $5,700
Personal Exemption - $3,650
Standard Mileage Rate for Business Use – January thru December is $.55 cents per mile
Standard Mileage Rate for Medical Use – January thru December is $.24 cents per mile
Standard Mileage Rate for Charitable Use – January thru December is $.14 cents per mile
2009 FICA Rates
|
|
Tax Rate |
Maximum Wage Base |
Maximum Tax |
|
Social Security |
6.2% |
106,800 |
6,622 |
|
Medicare |
1.45% |
No Limit |
No Limit |
