2010 tax tables Archives - KEYTLaw's Blog

Joint Tax Committee Releases The 2010 & 2011 Federal Tax Tables

The Joint Committee on Taxation today released Present Law and Background Data Related to the Federal Tax System in Effect for 2010 And 2011. Here’s the table of contents for the 2010 federal tax tables and the 2011 federal tax tables:

I. SUMMARY OF THE INDIVIDUAL INCOME TAX

A. Individual Income Tax for 2010
B. Individual Income Tax for 2011

II. SUMMARY OF SOCIAL INSURANCE TAXES

A. Taxable Year 2010
B. Taxable Year 2011

III. SUMMARY OF THE CORPORATE INCOME TAX

A. Corporate Income Tax for 2010
B. Corporate Income Tax for 2011

IV. SUMMARY OF ESTATE, GIFT, AND GENERATION-SKIPPING TRANSFER TAXES
V. SUMMARY OF MAJOR EXCISE TAXES FOR 2010 AND 2011

2010 Federal Tax Brackets & Tables Announced

CCH, a national distributor of tax information, published the 2010 federal tax brackets and tables that adjustments for projected inflation (based on inflation data released by the U.S. Department of Labor). Here are some common adjustments:

Standard Deduction: No change — $5,700 single/$11,400 joint (as in 2009)
Personal Exemption: No change — $3,650 (as in 2009)
Gift Tax Exemption: No change — $13,000 (as in 2009)
Kiddie Tax Threshold: No change — $950 (as in 2009)
Income Limit for Full Roth IRA Contributions: $105,000 single/$167,000 joint (no change/up $1,000 from 2009)

Here are the projected 2010 tax tables (along with the actual 2009 tax tables):

Single Filers

2010 Taxable Income	Rate	2009 Taxable Income	Rate
$0 – $8,375	10%	$0 – $8,350	10%
$8,375 – $34,000	15%	$8,350 – $33,950	15%
$34,000 – $82,400	25%	$33,950 – $82,250	25%
$82,400 – $171,850	28%	$82,250 – $171,550	28%
$171,850 – $373,650	33%	$171,550 – $372,950	33%
$373,650 +	35%	$372,950 +	35%

Married Filing Jointly (& Surviving Spouse)

2010 Taxable Income	Rate	2009 Taxable Income	Rate
$0 – $16,750	10%	$0 – $16,700	10%
$16,750 – $68,000	15%	$16,700 – $67,900	15%
$68,000 – $137,300	25%	$67,900 – $137,050	25%
$137,300 – $209,250	28%	$137,050 – $208,850	28%
$209,250 – $373,650	33%	$208,850 – $372,950	33%
$373,650 +	35%	$372,950 +	35%