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2009 Tax Rates

Tax rates tend not to change drastically from year to year, but they do change. According to the official Internal Revenue Service publication "IRS Revenue Procedure 2008-66" rates for taxpayers in specific income brackets will be:

Single Filing Status

(Tax Rate Schedule X)

* 10% on income between $0 and $8,350

* 15% on the income between $8,350 and $33,950; plus $835

* 25% on the income between $33,950 and $82,250; plus $4,675

* 28% on the income between $82,250 and $171,550; plus $16,750

* 33% on the income between $171,550 and $372,950; plus $41,754

* 35% on the income over $372,950; plus $108,216

*

Married Filing Jointly or Qualifying Widow(er) Filing Status

(Tax Rate Schedule Y-1)

* 10% on the income between $0 and $16,700

* 15% on the income between $16,700 and $67,900; plus $1,670

* 25% on the income between $67,900 and $137,050; plus $9,350

* 28% on the income between $137,050 and $208,850; plus $26,637.50

* 33% on the income between $208,850 and $372,950; plus $46,741.50

* 35% on the income over $372,950; plus $100,894.50

*

Married Filing Separately Filing Status

(Tax Rate Schedule Y-2)

* 10% on the income between $0 and $8,350

* 15% on the income between $8,350 and $33,950; plus $835

* 25% on the income between $33,950 and $68,525; plus $4,675

* 28% on the income between $68,525 and $104,425; plus $13,318.75

* 33% on the income between $104,425 and $186,475; plus $23,370.75

* 35% on the income over $186,475; plus $50,447.25

(Tax Rate Schedule Z)

* 10% on the income between $0 and $11,950

* 15% on the income between $11,950 and $45,500; plus $1,195

* 25% on the income between $45,500 and $117,450; plus $6,227.50

* 28% on the income between $117,450 and $190,200; plus $24,215

* 33% on the income between $190,200 and $372,950; plus $44,585

* 35% on the income over $372,950; plus $104,892.50

Note: The amounts referenced in these tax brackets refer to taxable income, not gross income. Taxable income is the amount of earnings that are left after you have taken all your legal personal and business deductions, tax credits, exemptions for dependents, depreciation allowances, deductions for other taxes paid, medical deductions etc.

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