Articles: 2009 Quick Reference Tax Rate Tables
Click here for pdf version of the 2009 Quick Reference Tax Rate Tables
Personal Income Tax Rates
| |
|
Rate |
Single |
| |
|
|
|
| 10.0% |
$0 |
- |
$8,350 |
| 15.0% |
$8,350 |
- |
$33,950 |
| 25.0% |
$33,951 |
- |
$82,250 |
| 28.0% |
$82,251 |
- |
$171,550 |
| 33.0% |
$171,551 |
- |
$372,950 |
| 35.0% |
$372,951 |
- |
+ |
| |
|
Rate |
Married |
| |
|
|
|
| 10.0% |
$0 |
- |
$16,700 |
| 15.0% |
$16,701 |
- |
$67,900 |
| 25.0% |
$67,901 |
- |
$137,050 |
| 28.0% |
$137,051 |
- |
$208,850 |
| 33.0% |
$208,851 |
- |
$372,950 |
| 35.0% |
$372,951 |
- |
+ |
Standard Deduction Amounts
| |
| Filing Status |
Standard Deduction |
| |
|
| Married Individuals Filing Joint Returns and Surviving Spouses |
$11,400 |
| Heads of Households |
$8,350 |
| Unmarried Individuals (other than Surviving Spouses and Heads of Households) |
$5,700 |
| Married Individuals Filing Separate Returns |
$5,700 |
| |
|
| Dependent's Standard Deduction--No more than the greater of $950 or $300 plus the individual's earned income. |
| |
| Additional standard deduction for aged and blind--$1,100 each ($1,400 if individual is unmarried and not surviving spouse) |
Alternative Minimum Tax Rate
| |
| Single |
| |
26% on the first $175,000 of AMT taxable income.
28% on the remainder of AMT taxable income.
|
| AMT Exemption: |
$33,750 |
| |
| Married |
| |
26% on the first $175,000 of AMT taxable income.
28% on the remainder of AMT taxable income.
|
| AMT Exemption: |
$45,000 for married filing jointly |
| |
$22,500 for married filing separately |
Estate and Trust Income Tax Rates
| |
|
| If taxable income is: |
The tax is: |
| |
|
| $0 - $2,300 |
15% of taxable income |
| $2,300 - $5,350 |
$345.00 plus 25% of the excess over $2,300 |
| $5,350 - $8,200 |
$1,107.50 plus 28% of the excess over $5,350 |
| $8,200 - $11,150 |
$1,905.00 plus 33% of the excess over $8,200 |
| Over $11,150 |
$2,879.00 plus 35% of the excess over $11,150 |
Estate Tax Rates
| |
|
|
| Taxable Estate |
Estate Tax |
Marginal Rate on Excess |
| |
|
|
| $100,000 |
$23,800 |
0.30 |
| $150,000 |
$38,800 |
0.32 |
| $250,000 |
$70,800 |
0.34 |
| $500,000 |
$155,800 |
0.37 |
| $750,000 |
$248,300 |
0.39 |
| $1,000,000 |
$345,800 |
0.41 |
| $1,250,000 |
$448,300 |
0.43 |
| $1,500,000 |
$555,800 |
0.45 |
Gift/Estate Tax Exemptions
| |
|
|
|
| Year |
Gift Exemption |
Estate Exemption |
Top Rate |
| |
|
|
|
| 2009 |
$1,000,000 |
$3,500,000 |
45% |
| 2010 |
$1,000,000 |
Repealed |
0%* |
| 2011 |
$1,000,000 |
$1,000,000 |
50% |
| 2012 |
$1,000,000 |
$1,000,000 |
50% |
| |
|
|
|
| Gift Tax Exemption frozen at $1,000,000. |
| *Gift Tax not repealed in 2010, top rate 35% |
Annual Gift Tax Exclusion
| |
|
|
| |
Single Grantor |
Married Grantors |
| Per Grantee/Per Year |
$13,000 |
$26,000 |
Gifts to a Non-Citizen Spouse
For calendar year 2009, the first $133,000 of gifts to a spouse who is not a citizen of the United States are not included in the total amount of taxable gifts. For non-resident aliens only $60,000 of property is free of transfer taxes and the unlimited marital deduction is not available unless the surviving spouse is a United States citizen.
Generation Skipping Transfer Exemptions
| |
|
|
| Year |
GST Exemption |
Maximum GST Tax Rate |
| 2009 |
$3,500,000 |
45% |
| 2010 |
N/A |
(Repealed) |
Long-Term Capital Gains
| |
|
|
| |
High Income |
Low Income |
| New Rate |
15% |
0% |
Dividends
| |
|
|
| |
High Income |
Low Income |
| New Rate |
15% |
0% |
Federal Tax on Taxable Corporate Income
| |
|
|
| Taxable Income |
Tax on Income |
Rate on Excess |
| |
|
|
| $0 |
$0 |
15% |
| $50,000 |
$7,500 |
25% |
| $75,000 |
$13,750 |
34% |
| $100,000 |
$22,500 |
39% |
| $335,000 |
$113,900 |
34% |
| $10,000,000 |
$3,400,000 |
35% |
| $15,000,000 |
$5,150,000 |
38% |
| $18,333,333 |
|
35% |