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HARTMAN, BLITCH
& GARTSIDE CERTIFIED PUBLIC ACCOUNTANTS |
Tax Rates
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2010* |
2009 |
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Standard deduction * : *Deduct the greater of standard or itemized deductions |
2010 |
2009 |
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Personal exemption *Under current law, the personal exemption phase-out is eliminated in 2010. |
3,650 |
3,650 |
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Married filing joint |
11,400 |
11,400 |
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Personal exemptions begin to phase out after the following threshold amounts:
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n/a n/a n/a n/a
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250,200 166,800 208,500 125,100
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Head of household Married, filing separately |
5,700 8,400 5,700 |
5,700 8,350 5,700 |
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Additional
Blind/Elderly Unmarried |
1,400 |
1,400 |
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Blind/Elderly Married |
1,100 |
1,100 |
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2009 |
2008 |
Social Security |
2009 |
2008 |
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The reduction is reduced by one-third in 2006 and 2007 |
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Maximum earnings subject to social security tax |
106,800 |
102,000 |
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Married filing joint, Single, HOH |
166,800 | 159,950 | . | Maximum yearly earnings before reduction in benefits: | ||
Married filing separately |
83,400 | 79,975 |
Age 65 and up: |
No Limit |
No Limit |
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2010 |
2009 |
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cents per mile |
.50 Business 16.5 Medical 16.5 Moving .14 Charitable |
.55 Business .24 Medical .24 Moving .14 Charitable
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$7.25 per hour $7.25 per hour |
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Per Diem rates. |
Oct. 1, 2009 - Sept. 30, 2010 |
Oct. 1, 2008 - Sept. 30, 2009 |
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Meals & incidentals |
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Meals & incidentals |
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| High locality | $193 | $65 | $258 | $198 | $58 | $256 |
| Other localities | $111 | $52 | $163 | $113 | $45 | $158 |
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.Individual Tax Rate Schedules |
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2010 |
2009 |
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Rate (%) |
Taxable Income ($) |
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Rate (%) |
Taxable Income ($) |
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Married Filing Jointly |
10 15 25 28 33 35 |
$0-16,750 16,751-68,000 68,001-137,300 137,301-209,250 209,251-373,650 Over $373,650 |
Married Filing Jointly |
10 15 25 28 33 35 |
$0-16,700 16,701-67,900 67,901-137,050 137,051-208,850 208,851-372,950 Over $372,950 |
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Head of Household |
10 15 25 28 33 35 |
$0–11,950 11,951-45,550 45,551-117,650 117,651-190,550 190,551-373,650 Over - $373,650 |
Head of Household |
10 15 25 28 33 35 |
$0–11,950 11,951-45,500 45,501-117,450 117,451-190,200 190,201-372,950 Over - $372,950 |
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Single |
10 15 25 28 33 35 |
$0-8,375 8,376-34,000 34,001-82,400 82,401-171,850 171,851-373,650 Over - $373,650 |
Single |
10 15 25 28 33 35 |
$0-8,350 8,351-33,950 33,951-82,250 82,251-171,550 171,551-372,950 Over - $372,950 |
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Married Filing Separately |
10 15 25 28 33 35 |
$0 – 8,375 8,376-34,000 34,001-68,650 68,651-104,625 104,626-186,825 Over – $186,825 |
Married Filing Separately |
10 15 25 28 33 35 |
$0 – 8,350 8,351-33,950 33,951-68,525 68,526-104,425 104,426-186,475 Over – $186,475 |
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.Corporate Tax Rates |
Trust Tax Rates |
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Rate (%) |
2010 |
Rate (%) |
2009 |
Rate (%) |
2008 |
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15 25 34 39 34 35 38 35 |
$0 - 50,000 50,001 - 75,000 75,001 - 100,000 100,001 - 335,000 335,001 - 10,000,000 10,000,001 - 15,000,000 15,000,001 - $18,333,333 over - 18,333,334 |
15 25 28 33 35
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$0 - 2,300 2,301 - 5,350 5,351-8,200 8,201-11,150 Over - 11,150
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15 25 28 33 35
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$0 - 2,200 2,201-5,150 5,151-7,850 7,851-10,700 Over - 10,700
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.Estate and Gift Tax Exclusion |
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Year of Death |
Exclusion |
Credit Against Tax |
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Estate Tax Exclusion |
2008 |
$2,000,000 |
$780,800 |
| Gift Tax Exclusion |
2008 |
$1,000,000 |
$345,800 |
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Estate Tax Exclusion |
2009 |
$3,500,000 |
$1,455,800 |
| Gift Tax Exclusion |
2009 |
$1,000,000 |
$345,800 |
| Estate Tax Exclusion |
2010 |
n/a |
n/a |
| Gift Tax Exclusion |
2010 |
$1,000,000 |
$345,800 |
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Rates (%) |
Taxable Estate |
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37 39 41 43 45 45 |
$500,001 - 750,000 750,001 - 1,000,000 1,000,001 - 1,250,000 1,250,001 - 1,500,000 1,500,001 - 3,500,000 Over - 3,500,000 |
Hartman, Blitch & Gartside
4929 Atlantic Boulevard wJacksonville, FL 32207-2409 w (904)396-9802 Fax (904)396-1528 w hbg@hbgcpa.com
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