Tax Rates   2009 Individual Tax Rates & Limits    2009 Tax Rate - Single Taxpayers - Standard Deduction $5,700 10% $ 0 - 8,350 15% 8,350 - 33,950 25% 33,950 - 82,250 28% 82,250 - 171,550 33% 171,550 - 372,950 35% Over 372,950 2009 Tax Rate - Married Jointly & Surviving Spouses-Standard Deduction $11,400 10% $ 0 - 16,700 15% 16,700 - 67,900 25% 67,900 - 137,050 28% 137,050 - 208,850 33% 208,850 - 372,950 35% Over 372,950 2009 Tax Rate - Married Filing Separately - Standard Deduction $5,700 10% $ 0 - 8,350 15% 8,350 - 33,950 25% 33,950 - 68,525 28% 68,525 - 104,425 33% 104,425 - 186,475 35% Over 186,475 2009 Tax Rate - Head of Household - Standard Deduction $8,350 10% $ 0 - 11,950 15% 11,950 - 45,500 25% 45,500 - 117,450 28% 117,450 - 190,200 33% 190,200 - 372,950 35% Over 372,950 2009 Tax Rate - Estates & Trusts 15% 1 - 2,300 25% 2,300 - 5,350 28% 5,350 - 8,200 33% 8,200 - 11,150 35% Over 11,150     Miscellaneous 2009 Tax Rates Business equipment expensing deduction $250,000 Maximum deduction for interest on higher education loans $2,500 Prior-year safe harbor for estimated taxes of higher-income 110% of your 2008 tax liability Standard mileage rate for business driving 55.0 cents Unearned income maximum for children before kiddie tax applies $950 Maximum long-term capital gains tax rate for taxpayers in the 10% or 15% bracket 0% Maximum long-term capital gains tax rate for taxpayers above the 15% bracket 15% Capital gains tax rate for unrecaptured Sec. 1250 gains 25% Capital gains tax rate on collectibles 28% Maximum employee contribution to SIMPLE retirement plans $11,500 if under age 50 $14,000 if 50 or older 401(k) maximum employee contribution limit $16,500 if under age 50 $22,000 if 50 or older Self-employed health insurance deduction 100% Estate tax exemption $3,500,000 Annual Exclusion for Gifts $13,000 This information is believed to be reliable, but its accuracy and completeness are not guaranteed.  You should consult with us for professional advice on your specific situation before acting on the above information.