2010 Federal Income Tax Brackets
Tax Rate Tables. For taxable years beginning in 2010, the tax rate tables under IRC section 1 are as follows:1
Married Individuals Filing Joint Returns & Surviving Spouses
Taxable Income | 2010 Tax |
Not over $16,750 | 10% of the taxable income |
Over $16,750 but not over $68,000 | $1,675 plus 15% of the excess over $16,750 |
Over $68,000 but not over $137,300 | $9,362.50 plus 25% of the excess over $68,000 |
Over $137,300 but not over $209,250 | $26,687.50 plus 28% of the excess over $137,300 |
Over $209,250 but not over $373,650 | $46,833.50 plus 33% of the excess over $209,250 |
Over $373,650 | $101,085.50 plus 35% of the excess over $373,650 |
Heads of Households
Taxable Income | 2010 Tax |
Not over $11,950 | 10% of the taxable income |
Over $11,950 but not over $45,550 | $1,195 plus 15% of the excess over $11,950 |
Over $45,550 but not over $117,650 | $6,235 plus 25% of the excess over $45,550 |
Over $117,650 but not over $190,550 | $24,260 plus 28% of the excess over $117,650 |
Over $190,550 but not over $373,650 | $44,672 plus 33% of the excess over $190,550 |
Over $373,650 | $105,095 plus 35% of the excess over $373,650 |
Unmarried Individuals (other than surviving spouses and heads of households)
Taxable Income | 2010 Tax |
Not over $8,375 | 10% of the taxable income |
Over $8,375 but not over $34,000 | $837.50 plus 15% of the excess over $8,375 |
Over $34,000 but not over $82,400 | $4,681.25 plus 25% of the excess over $34,000 |
Over $82,400 but not over $171,850 | $16,781.25 plus 28% of the excess over $82,400 |
Over $171,850 but not over $373,650 | $41,827.25 plus 33% of the excess over $171,850 |
Over $373,650 | $108,421.25 plus 35% of the excess over $373,650 |
Married Individuals Filing Separate Returns
Taxable Income | 2010 Tax |
Not over $8,375 | 10% of the taxable income |
Over $8,375 but not over $34,000 | $837.50 plus 15% of the excess over $8,375 |
Over $34,000 but not over $68,650 | $4,681.25 plus 25% of the excess over $34,000 |
Over $68,650 but not over $104,625 | $13,343.75 plus 28% of the excess over $68,650 |
Over $104,625 but not over $186,825 | $23,416.75 plus 33% of the excess over $104,625 |
Over $186,825 | $50,542.75 plus 35% of the excess over $186,825 |
Estates & Trusts
Taxable Income | 2010 Tax |
Not over $2,300 | 15% of the taxable income |
Over $2,300 but not over $5,350 | $345 plus 25% of the excess over $2,300 |
Over $5,350 but not over $8,200 | $1,107.50 plus 28% of the excess over $5,350 |
Over $8,200 but not over $11,200 | $1,905.50 plus 33% of the excess over $8,200 |
Over $11,200 | $2,895.50 plus 35% of the excess over $11,200 |
Planning Tip
When looking at your federal income tax bracket, pay attention first to your last bracket. Why? That’s where you start to pocket cash when you find a new or additional tax deduction.
Example. You are married. You and your spouse have taxable income of $120,000. That puts you in the 25 percent federal income tax bracket. If you can find $10,000 in new deductions, you pocket $2,500.
To find more practical tax strategies, we suggest that you read the monthly articles published online at the Bradford Tax Institute. We provide cutting-edge tax information for the self-employed, the one owner business, and the husband and wife owned business.
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