Current Tax Rates
 

 
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2010 Tax Rates - Single Taxpayers - Standard Deduction $5,700  
10% 0 8,375
15% 8,376 - 34,000
25% 34,001 - 82,400
28% 84,401 - 171,850
33% 171,851 - 373,650
35% Over 373,650
2010 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,400
10% 0 16,750
15% 16,751 - 68,000
25% 68,001 - 137,300
28% 137,301 - 209,250
33% 209,251 - 373,650
35% Over 373,650
2010 Tax Rates - Married Filing Separately - Standard Deduction $5,700
10% 0 8,375
15% 8,376 - 34,000
25% 34,001 - 68,650
28% 68,651 - 104,625
33% 104,626 - 186,825
35% Over 186,825
2010 Tax Rates - Head of Household - Standard Deduction $8,400
10% 0 - 11,950
15% 11,951 - 45,550
25% 45,551 - 117,650
28% 117,651 - 190,550
33% 190,551 - 373,650
35% Over 373,650
 
 

Miscellaneous 2010 Tax Rates

Personal Exemption $ 3,500
Business equipment expensing deduction $250,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2007 tax liability
Standard mileage rate for business driving 50 cents
Mileage rate for medical and moving expense deductions 16.5 cents
Mileage rate for medical and moving expense deductions 14 cents
"Kiddie tax" threshold $ 950
"Nanny tax" threshold $1,400
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket 5%
Maximum capital gains tax rate for taxpayers above the 15% bracket 15%
Capital gains tax rate for unrecaptured Sec. 1250 gains 25%
Capital gains tax rate on collectibles 28%
Maximum IRA Contribution $4,000 if under age 50
$4,500 if 50 or older
Maximum employee contribution to SIMPLE retirement plans $10,000 if under age 50
$12,000 if 50 or older
401(k) maximum employee contribution limit $14,000 if under age 50
$18,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $1,500,000
Annual Exclusion for Gifts $13,000
 

Miscellaneous 2011 Tax Rates

Personal Exemption $ 3,700
Business equipment expensing deduction $500,000
Standard mileage rate for business driving 51 cents
Mileage rate for medical and moving expense deductions 19 cents
Mileage rate for medical and moving expense deductions 14 cents
"Kiddie tax" on unearned income $ 1,900
"Nanny tax" threshold $1,400
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket 5%
Maximum capital gains tax rate for taxpayers above the 15% bracket 15%
Capital gains tax rate for unrecaptured Sec. 1250 gains 25%
Capital gains tax rate on collectibles 28%
Maximum IRA Contribution $5,000 if under age 50
$6,000 if 50 or older
Maximum employee contribution to SIMPLE retirement plans $11,500 if under age 50
$14,000 if 50 or older
401(k) maximum employee contribution limit $16,500 if under age 50
$22,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $5,000,000
Annual Exclusion for Gifts $13,000

 

 

 

   
 
Quail Oaks Financial, LLC | 38820 Hood Street | Sandy, Oregon 97055
Phone: (503) 459-1074
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