2010 Tax Brackets

The 2010 tax brackets are out. Now you can start planning for your 2010 taxes and determine your correct withholding.

As a reminder, tax rates are marginal; you pay tax at each incremental tax rate until you reach your taxable income level.

2010 Tax Brackets

 
Tax Rate Single Married Filing Joint Married Filing Separate Head of Household
10% Up to $8,375 Up to $16,750 Up to $8,375 Up to $11,950
15% $8,376 – $34,000 $16,751 – $68,000 $8,376 – $34,000 $11,951 – $45,500
25% $34,001 – $82,400 $68,001 – $137,300 $34,001 – $68,650 $45,501 – $117,650
28% $82,401 – $171,850 $137,301 – $209,250 $68,651 – $104,625 $117,651 – $190,550
33% $171,851 – $373,650 $209,251 – $373,650 $104,626 – $186,825 $190,551 – $373,650
35% Over $373,650 Over $373,650 Over $186,825 Over $373,650

Don’t forget, during 2010 the Make Working Pay Tax Credit reduces part of the tax due for the 10% tax bracket.

In addition, the long term capital gains rate remains at 0% for the 10% and 15% tax brackets, and 15% for all other tax brackets.

Written by Madison



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