2009 CCH Whole Ball of Tax

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2009 CCH Whole Ball of Tax

Contact:
Leslie Bonacum, 847-267-7153, mediahelp@cch.com
Neil Allen, 847-267-2179, neil.allen@wolterskluwer.com

2008 - 2009 TAX BRACKETS

Married Filing Jointly (& Surviving Spouse)

2009 Taxable Income	Tax Rate	2008 Taxable Income	Tax Rate
$0-$16,700	10%	$0-$16,050	10%
$16,700-$67,900	15%	$16,050-$65,100	15%
$67,900-$137,050	25%	$65,100-$131,450	25%
$137,050-$208,850	28%	$131,450-$200,300	28%
$208,850-$372,950	33%	$200,300-$357,700	33%
$372,950 +	35%	$357,700 +	35%

Married Filing Separately

2009 Taxable Income	Tax Rate	2008 Taxable Income	Tax Rate
$0-$8,350	10%	$0-$8,025	10%
$8,350-$33,950	15%	$8,025-$32,550	15%
$33,950-$68,525	25%	$32,550-$65,725	25%
$68,525-$104,425	28%	$65,725-$100,150	28%
$104,425-$186,475	33%	$100,150-$178,850	33%
$186,475 +	35%	$178,850 +	35%

Single Filers

2009 Taxable Income	Tax Rate	2008 Taxable Income	Tax Rate
$0-$8,350	10%	$0-$8,025	10%
$8,350-$33,950	15%	$8,025-$32,550	15%
$33,950-$82,250	25%	$32,550-$78,850	25%
$82,250-$171,550	28%	$78,850-$164,550	28%
$171,550-$372,950	33%	$164,550-$357,700	33%
$372,950 +	35%	$357,700 +	35%

Head of Household

2009 Taxable Income	Tax Rate	2008 Taxable Income	Tax Rate
$0-$11,950	10%	$0-$11,450	10%
$11,950-$45,500	15%	$11,450-$43,650	15%
$45,500-$117,450	25%	$43,650-$112,650	25%
$117,450-$190,200	28%	$112,650-$182,400	28%
$190,200-$372,950	33%	$182,400-$357,700	33%
$372,950 +	35%	$357,700 +	35%

Standard Deduction Amounts

Filing Status	2009	2008	Increase
Married Filing Jointly (& Surviving Spouse)	$11,400	$10,900	$500
Married Filing Separately	$5,700	$5,450	$250
Single	$5,700	$5,450	$250
Head of Household	$8,350	$8,000	$350

Standard Deduction for Dependents (“Kiddie” Standard Deduction)

2009	2008	Increase
$950	$900	$50

Income Level at Which 3-Percent Itemized Deduction Limitation Takes Effect (Adjusted Gross Income)

Filing Status	2009	2008	Increase
Married Filing Jointly (& Surviving Spouse)	$166,800	$159,950	$6,850
Married Filing Separately	$83,400	$79,975	$3,425
Single	$166,800	$159,950	$6,850
Head of Household	$166,800	$159,950	$6,850

Personal Exemption Amounts

2009	2008	Increase
$3,650	$3,500	$150

Threshold for Personal Exemption Phaseout

Filing Status	2009	2008	Increase
Married Filing Jointly (& Surviving Spouse)	$250,200	$239,950	$10,250
Married Filing Separately	$125,100	$119,975	$5,125
Single	$166,800	$159,950	$6,850
Head of Household	$208,500	$199,950	$8,550

Gift Tax Exemption

2009	2008	Increase
$13,000	$12,000	$ 1,000

Income Limit for Full Roth IRA Contribution

Filing Status	2009	2008	Increase
Married Filing Jointly	$166,000	$159,000	$7,000
Single	$105,000	$101,000	$4,000

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nb-09-25