Friday March 19, 2010 8:23 PM ET
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Taxes
Tax Rate Schedules for Joint Filers
Updated on February 2, 2010.
| 2009 | 2010 | |
| 10% income tax bracket (based on taxable income) | $0 - $16,700 | $0 - $16,750 |
| 15% income tax bracket (based on taxable income) | $16,701 - $67,900 | $16,751 - $68,000 |
| Beginning of 25% bracket | $67,901 | $68,001 |
| Beginning of 28% bracket | $137,051 | $137,301 |
| Beginning of 33% bracket | $208,851 | $209,251 |
| Beginning of 35% bracket | $372,951 | $373,651 |
| Standard deduction | $11,400 | $11,400 |
| Beginning/ending of personal exemption phaseout range (based on AGI) | $250,200 / $372,700 | Not applicable for 2010 |
| Beginning of phaseout range for $1000 dependant child credit eligibility (based on AGI) | $110,000 | $110,000 |
| Phaseout range for Lifetime education credit (based on AGI) | $100,000 - $120,000 | $100,000 - $120,000 |
| Phaseout range for American Opportunity education credit (based on AGI) | $160,000 - $180,000 | $160,000 - $180,000 |
| Phaseout range for college loan interest deduction eligibility (based on AGI) | $120,000 - $150,000 | $120,000 - $150,000 |
| 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 | $167,000 - $177,000 |
| Phaseout range for Coverdell Education Savings Account contribution eligibility (based on AGI) | $190,000 - $220,000 | $190,000 - $220,000 |
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