Income Tax Rates For 2009

Below are the marginal tax rates for 2009. Tax rates progressively increase as income increases. The tax rates apply only to the income in each tax bracket range. Also, the tax rates apply only to taxable income. Various adjustments and deductions, including the standard deduction and personal exemptions, all lower your taxable income. Taxable income is almost always less than your total income.

Capital gains are may taxed at different tax rates. Capital gains tax rates are calculated separately.

Note: These tax rate schedules are provided for tax planning purposes. To compute your actual income tax, please see the 2009 instructions for Form 1040, 1040A, or 1040EZ as appropriate.

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

Head of Household Filing Status

(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

How Marginal Tax Rates are Used

Individuals can use the tax rate schedules in a number of ways to help plan their finances. You can use these tax rates to figure out how much tax you will pay on extra income you earn. For a taxpayer in the 25% tax bracket, extra income will be taxed at that rate until the taxpayer reaches the next tax bracket. Alternatively, you can use these tax rates to figure out how much tax you will save by increasing your deductions. For a taxpayer in the 28% tax bracket will save 28 cents in federal tax for every dollar spent on a tax-deductible expense, such as mortgage interest or charity.

Source: Internal Revenue Service, Revenue Procedure 2008-66 (pdf).