- Days left

Tax brackets for 2009 income

By law, the thresholds for the marginal federal income tax brackets must change each year to keep pace with inflation. For 2009, those brackets are as follows:

Taxpayers Filing as Single:
  • 10% on taxable income between $0 and $8,350
  • 15% on taxable income between $8,350 and $33,950; plus $835
  • 25% on taxable income between $33,950 and $82,250; plus $4,675
  • 28% on taxable income between $82,250 and $171,550; plus $16,750
  • 33% on taxable income between $171,550 and $372,950; plus $41,754
  • 35% on taxable income over $372,950; plus $108,216
Taxpayers Filing as Married Filing Jointly or Qualifying Widow(er):
  • 10% on taxable income between $0 and $16,700
  • 15% on taxable income between $16,700 and $67,900; plus $1,670
  • 25% on taxable income between $67,900 and $137,050; plus $9,350
  • 28% on taxable income between $137,050 and $208,850; plus $26,637.50
  • 33% on taxable income between $208,850 and $372,950; plus $46,741.50
  • 35% on taxable income over $372,950; plus $100,894.50
Taxpayers Filing as Head of Household:
  • 10% on taxable income between $0 and $11,950
  • 15% on taxable income between $11,950 and $45,500; plus $1,195
  • 25% on taxable income between $45,500 and $117,450; plus $6,227.50
  • 28% on taxable income between $117,450 and $190,200; plus $24,215
  • 33% on taxable income between $190,200 and $372,950; plus $44,585
  • 35% on taxable income over $372,950; plus $104,892.50
Taxpayers Filing as Married Filing Separately:
  • 10% on taxable income between $0 and $8,350
  • 15% on taxable income between $8,350 and $33,950; plus $835
  • 25% on taxable income between $33,950 and $68,525; plus $4,675
  • 28% on taxable income between $68,525 and $104,425; plus $13,318.75
  • 33% on taxable income between $104,425 and $186,475; plus $23,370.75
  • 35% on taxable income over $186,475; plus $50,447.25
One of the things you'll notice about these tax brackets is that our federal income tax system is progressive -- tax rates increase as taxable income increases. This means that each taxpayer reporting the same filing status actually pays tax at the same rate for the same income. So, for example, you and Warren Buffett actually pay the same tax rate on the first $10,000 of taxable income.

Marginal tax brackets are generally announced each fall before the tax year begins (for example, these 2009 tax brackets were announced in the fall of 2008). The brackets for 2010 have already been announced; as expected, the brackets are relatively the same due to low inflation. With that in mind, expect to see similar tables next season.

Increase your money and finance knowledge from home

Economics 101

Intro to economics. But fun.

View Course »

How to Buy a Car

How to get the best deal and buy a car with confidence.

View Course »

TurboTax Articles

A Brief History of Income Taxes

Did you know President Abraham Lincoln, one of America's most beloved leaders, also instituted one of its least liked obligations - the income tax? In this brief history of taxes, see the historical events which shaped income taxes in the United States today.

What Is a Schedule M IRS form?

Note: The content of this article applies only to taxes prepared for 2009 and 2010. It is included here for reference only. In order to take the making work pay tax credit, the IRS requires you to prepare a Schedule M with your federal tax return.

Video: Tax Filing Requirements for Children

Depending on how much money they made during the year, your children may very well have to file for taxes. Learn about tax filing requirements for children with help from TurboTax in this video on tax tips.

Add a Comment

*0 / 3000 Character Maximum