Guide to the 2009 Tax Brackets
Benjamin Franklin may have said it best “‘In this world nothing can be said to be certain, except death and taxes.” This may be true but smart planning for taxes will save you a major headache.
Due to inflation 2009 tax brackets will be widened. Almost every taxpayer will benefit from these new important changes.
What do the new 2009 tax brackets mean to you? You will get a slight break in what you pay in taxes. Please use this guide for planning purposes. If looking at tax brackets is overwhelming a good tax software can be helpful. Turbotax is my favorite and helps take the confusion out of taxes. Please remember the 2009 tax brackets apply only to taxable income.
Married filing jointly 2009 Tax Brackets
If Taxable Income Is: The Tax Is:
Not over $16,700 10% of the taxable income
Over $16,700 but $1,670 plus 15% of
not over $67,900 the excess over $16,700
Over $67,900 but $9,350 plus 25% of
not over $137,050 the excess over $67,900
Over $137,050 but $26,637.50 plus 28% of
not over $208,850 the excess over $137,050
Over $208,850 but $46,741.50 plus 33% of
not over $372,950 the excess over $208,850
Over $372,950 $100,894.50 plus 35% of
the excess over $372,950
Heads of Households 2009 Tax Brackets
If Taxable Income Is: The Tax Is:
Not over $11,950 10% of the taxable income
Over $11,950 but $1,195 plus 15% of
not over $45,500 the excess over $11,950
Over $45,500 but $6,227.50 plus 25% of
not over $117,450 the excess over $45,500
Over $117,450 but $24,215 plus 28% of
not over $190,200 the excess over $117,450
Over $190,200 but $44,585 plus 33% of
not over $372,950 the excess over $190,200
Over $372,950 $104,892.50 plus 35% of
the excess over $372,950
Unmarried individuals 2009 Tax Brackets
If Taxable Income Is: The Tax Is:
Not over $8,350 10% of the taxable income
Over $8,350 but $835 plus 15% of
not over $33,950 the excess over $8,350
Over $33,950 but $4,675 plus 25% of
not over $82,250 the excess over $33,950
Over $82,250 but $16,750 plus 28% of
not over $171,550 the excess over $82,250
Over $171,550 but $41,754 plus 33% of
not over $372,950 the excess over $171,550
Over $372,950 $108,216 plus 35% of
the excess over $372,950
Married Individuals Filing Separate Returns 2009 Tax Brackets
If Taxable Income Is: The Tax Is:
Not over $8,350 10% of the taxable income
Over $8,350 but $835 plus 15% of
not over $33,950 the excess over $8,350
Over $33,950 but $4,675 plus 25% of
not over $68,525 the excess over $33,950
Over $68,525 but $13,318.75 plus 28% of
not over $104,425 the excess over $68,525
Over $104,425 but $23,370.75 plus 33% of
not over $186,475 the excess over $104,425
Over $186,475 $50,447.25 plus 35% of
the excess over $186,475
Estates and Trusts 2009 Tax Brackets
If Taxable Income Is: The Tax Is:
Not over $2,300 15% of the taxable income
Over $2,300 but $345 plus 25% of
not over $5,350 the excess over $2,300
Over $5,350 but $1,107.50 plus 28% of
not over $8,200 the excess over $5,350
Over $8,200 but $1,905.50 plus 33% of
not over $11,150 the excess over $8,200
Over $11,150 $2,879 plus 35% of
the excess over $11,150
More information on the 2009 tax brackets can be found at these IRS sites www.irs.gov/newsroom/article/0,,id=187825,00.html or www.irs.gov/pub/irs-drop/rp-08-66.pdf
