2010 Tax Brackets Announced
Tuesday October 27, 2009
The IRS has released the income ranges for the marginal tax brackets for 2010. The income ranges are adjusted each year to take inflation into account. For 2010, the IRS notes that "recent inflation factors have been minimal" resulting in little or no change for the tax brackets. The LTCG/QD column below refers to the tax rate on long-term capital gains and qualifying dividends for each income range. The income figures below refer to taxable income, which is income after all adjustments to income, standard deduction or itemized deductions, and personal exemptions have been subtracted from total income.
| Single | Married Filing Jointly/QW | Married Filing Separately | Head of Household | LTCG/QD | |||||
| Tax rate | over | up to | over | up to | over | up to | over | up to | Tax Rate |
| 10% | 0 | 8,375 | 0 | 16,750 | 0 | 8,375 | 0 | 11,950 | 0% |
| 15% | 8,375 | 34,000 | 16,750 | 68,000 | 8,375 | 34,000 | 11,950 | 45,500 | 0% |
| 25% | 34,000 | 82,400 | 68,000 | 137,300 | 34,000 | 68,650 | 45,500 | 117,650 | 15% |
| 28% | 82,400 | 171,850 | 137,300 | 209,250 | 68,650 | 104,625 | 117,650 | 190,550 | 15% |
| 33% | 171,850 | 373,650 | 209,250 | 373,650 | 104,625 | 186,825 | 190,550 | 373,650 | 15% |
| 35% | 373,650 | 373,650 | 186,825 | 373,650 | 15% | ||||
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