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2010 Federal Income Tax Brackets (Estimated)
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Every year about this time, when the Bureau of Labor Statistics (BLS) releases inflation data, specifically the CPI-U, experts from a variety of magazines and newspapers try to predict what the tax brackets will be the following year. This is possible because many figures in the tax laws are based on inflation, such as the standard deduction, contribution limits for Traditional and Roth IRAs, and the size and placing of the tax brackets themselves.
This year, the Tax Foundation is first out the gate with their prediction that everything will essentially remain the same as inflation was a mere 0.19%. When they performed this exercise in predicting the 2009 federal income tax brackets, they were 100% correct. I’m fairly confident that these numbers will be accurate when the IRS officially announces the tax brackets for 2010.
2010 IRS Tax Brackets
Here are the projected federal income tax brackets for 2010:
| Tax Bracket | Single | Married Filing Jointly |
| 10% Bracket | $0 – $8,375 | $0 – $16,750 |
| 15% Bracket | $8,375 – $34,000 | $16,750 – $68,000 |
| 25% Bracket | $34,000 – $82,400 | $68,000 – $137,300 |
| 28% Bracket | $82,400 – $171,850 | $137,300 – $209,250 |
| 33% Bracket | $171,850 – $373,650 | $209,250 – $373,650 |
| 35% Bracket | $373,650+ | $373,650+ |
Here are some other important non-tax bracket-related updates (until these are made official by the IRS, these are merely predictions by the experts). As expected, no (or very small) changes:
- Standard deduction remains the same: The standard deduction for singles will remain at $5,700. For married filing jointly, the number will also remain at $11,400. If you are a Head of Household, it’s expected to increase by $50 to $8,400.
- Personal exemption remains the same: The personal exemption will remain at $3,650.
- Annual gift tax exclusion unchanged: For 2010, the current 2009 gift tax exclusion of $13,000 is expected to remain the same. The gift tax is how much you can give to someone else without any tax considerations.
For comparison, here are the 2009 Federal Income Tax Brackets and the 2008 Federal Income Tax Brackets.
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Thanks for sharing these!
Just one more year until Obama raises my taxes to 40%! Phew
There is absolutely no evidece to suggest that that will happen…
If your making over 375k+ and you complain about 40% please get over yourself.
you have no idea what you are talking about. why are you qualified to decided that the people who earn the most should pay a higher percent of their salary? you should get over yourself…try making more money. that’s what capitalism is all about. why should people be punished for being successful? and obama is trying to kill capitalism and replace it with big government.
Here here Josh! But Socialism isn’t that bad.
Obama scares me with his big change…and i am not a 35% bracket person more around the 18% lol but is you tax the rich they take it out on the employees and in return causes a lack of jobs, insurence and a increase of gov. spending to pay unemployement benefits along with asst. liveing that they can then draw….. which in the end only effects the poor and the tax raise only goes to help the people it put out of jobs a big fat circle of bad decisions made by our wonderful goverment…. i think they themselves need a reality check!
Preach it! Lets punish success in this nation by taxing people to death. And yes, Obama will raise the federal taxes to well over 45%. After the bush tax cuts expire on EVERYONE, after health care and cap and trade the top tax bracket is estimated to be over 45% and perhaps as high as 52.5%. Thats just federal taxes. Why dont you add the rest of our “tax everything that is alive and some things that aren’t” approach. Do you know what thats called? SLAVERY.
Thanks! I almost freaked because I read the wrong column, but all is okay.
I did that too!
I’m trying to incorporate your 2010 tax table data into a spreadsheet but you were a little sloppy defining the brackets. For instance under “Married Filing Jointly” for the 15% bracket you should have said “$16,751 – $68,000″. You can’t have $16,750 in both the 10 and 15% brackets without explaining that in the latter (15%) it’s over $16,750.
Once again, couples (same sex or otherwise) living as if married, but without the piece of paper, get the short end.
Tax penalty hurts. I did a survey of 5 people in my office and asked them what their tax bill was before they were married and then afterwards, and the increase was between $3,000-$22,000! Ouch. Why are we penalizing married couples?
Why does the $1mil mortgage indebetness limit stay at $1mil when a couple marries, and doesn’t go to $2mil? I donno.
What happened to the promise of no income tax for those seniors that make under $50,000.?
HEH obviously has no idea how the econ works. HEH tell me, if i have to go to school and work very hard to make 400 k a year, why wouldnt i just be lazy and only make say 150 k per year since the GOVT will be taxing it so heavily, its not worth it…. you cant get mad at other peoples success. try to make yourself a success instead NOOB
Yeah, unchecked capitalism is great. I just have to look at the value of my house and my 401k account to see how well that works.
I am about to get married. As a single, my fiance is an income earner in the 25% bracket and I am in the 28% bracket. However, if we file jointly we will both be in the 28% bracket. If we file seperately (once married) do we still get the benefit of our respective single bracket? It is really ashame that hardworking married couples are penalized with taxes. I must mention that I am a true believer in capitalism.