2010 CCH Whole Ball of Tax

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2010 CCH Whole Ball of Tax

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

2009-2010 Tax Brackets

Married Filing Jointly (& Surviving Spouse)

2010 Taxable Income	Tax Rate	2009 Taxable Income	Tax 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%

Married Filing Separately

2010 Taxable Income	Tax Rate	2009 Taxable Income	Tax Rate
$0 - $8,375	10%	$0 - $8,350	10%
$8,375 - $34,000	15%	$8,350 - $33,950	15%
$34,000 - $68,650	25%	$33,950 - $68,525	25%
$68,650 - $104,625	28%	$68,525 - $104,425	28%
$104,625 - $186,825	33%	$104,425 - $186,475	33%
$186,825 +	35%	$186,475 +	35%

Single Filers

2010 Taxable Income	Tax Rate	2009 Taxable Income	Tax 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%

Head of Household

2010 Taxable Income	Tax Rate	2009 Taxable Income	Tax Rate
$0 - $11,950	10%	$0 - $11,950	10%
$11,950 - $45,550	15%	$11,950 - $45,500	15%
$45,550 - $117,650	25%	$45,500 - $117,450	25%
$117,650 - $190,550	28%	$117,450 - $190,200	28%
$190,550 - $373,650	33%	$190,200 - $372,950	33%
$373,650 +	35%	$372,950 +	35%

Standard Deduction Amounts

Filing Status	2010	2009	Increase
Married Filing Jointly (& Surviving Spouse)	$11,400	$11,400	$0
Married Filing Separately	$5,700	$5,700	$0
Single	$5,700	$5,700	$0
Head of Household	$8,400	$8,350	$50

Standard Deduction for Dependents (“Kiddie” Standard Deduction)

2010	2009	Increase
$950	$950	$0

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

Filing Status	2010	2009
Married Filing Jointly (& Surviving Spouse)	Not Applicable – No Limitation	$166,800
Married Filing Separately	Not Applicable – No Limitation	$83,400
Single	Not Applicable – No Limitation	$166,800
Head of Household	Not Applicable – No Limitation	$166,800

Personal Exemption Amounts

2010	2009	Increase
$3,650	$3,650	$0

Threshold for Personal Exemption Phaseout

Filing Status	2010	2009
Married Filing Jointly (& Surviving Spouse)	Not Applicable – No Phaseout	$250,200
Married Filing Separately	Not Applicable – No Phaseout	$125,100
Single	Not Applicable – No Phaseout	$166,800
Head of Household	Not Applicable – No Phaseout	$208,500

Gift Tax Exemption

2010	2009	Increase
$13,000	$13,000	$ 0

Income Limit for Full Roth IRA Contribution

Filing Status	2010	2009	Increase
Married Filing Jointly	$167,000	$166,000	$1,000
Single	$105,000	$105,000	$0

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