Sunday November 22, 2009 11:14 AM ET
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Taxes
Tax Rate Schedules for Joint Filers
Updated on January 20, 2009.
| 2009 | 2008 | |
| 10% income tax bracket (based on taxable income) | $0 - $16,700 | $0 - $16,050 |
| 15% income tax bracket (based on taxable income) | $16,701 - $67,900 | $16,051 - $65,100 |
| Beginning of 25% bracket | $67,901 | $65,101 |
| Beginning of 28% bracket | $137,051 | $131,451 |
| Beginning of 33% bracket | $208,851 | $200,301 |
| Beginning of 35% bracket | $372,951 | $357,701 |
| Standard deduction | $11,400 | $10,900 |
| Beginning/ending of personal exemption phaseout range (based on AGI) | $250,200 / $372,700 | $239,950 / $362,450 |
| Beginning of phaseout range for $1000 dependant child credit eligibility (based on AGI) | $110,000 | $110,000 |
| Phaseout range for education tax credit eligibility (based on AGI) | $100,000 - $120,000 | $96,000 - $116,000 |
| Phaseout range for college loan interest deduction eligibility (based on AGI) | $120,000 - $150,000 | $115,000 - $145,000 |
| Maximum AGI to be eligible for Roth IRA conversion | $100,000 | $100,000 |
| Phaseout range for Roth IRA contribution eligibility (based on AGI) | $166,000 - $176,000 | $159,000 - $169,000 |
| Phaseout range for Coverdell Education Savings Account contribution eligibility (based on AGI) | $190,000 - $220,000 | $190,000 - $220,000 |
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