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2010 Tax Brackets for Married Couples Filing Jointly

(Schedule Y-1)

These tax tables are designed for married individuals filing their 2010 income tax return, and represent significant changes from Tax Year 2009.

These tables were effective January 1, 2010, and could also be used for qualifying widows and widowers. These rates do not take into account any credits, such as the standard deduction, mortgage deductions, etc.

 

 

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Single

Joint Married

Married Filing Separate

Head of Household

Trusts

 

 
If Taxpayer's Income Is... Then Estimated Taxes Are...

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$0
$16,750
$0
10%
$0
$16,750
$68,000
$1,675.00
15%
$16,750
$68,000
$137,300
$9,362.50
25%
$68,000
$137,300
$209,250
$26,687.50
28%
$137,300
$209,250
$373,650
$46,833.50
33%
$209,250
$373,650
- - - - -
$101,085.50
35%
$373,650

 

 

Example #1

Johnny and Janelle Julip, two married taxpayers, have 2010 TAXABLE INCOME of $140,000. The Mitchell's income would fall between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$137,300
$209,250
$26,687.50
28%
$137,300


 

 

 

Johnny and Janelle Julip's Estimated Taxes for 2010

  = Base Tax + (Rate x Amount Over)
  = $26,687.50 + [.28 x ($140,000 - $137,300)]
  = $26,687.50 + (.28 x $2,700)
  = $26,687.50 + $756.00
  = $27,443.50

Assuming Johnny and Janelle made the same amount from the previous year, their 2010 tax bill dropped by $20, using the 2009 income tax brackets for joint married taxpayers.

 


 

 

Example #2

Melba Maple is a widow whose husband died in 2010. She has combined 2010 TAXABLE INCOME of $98,000. Her income falls between:

Between

But Not Over

Base Tax

+ Rate

Of the Amount Over

$68,000
$137,300
$9,362.50
25%
$68,000

 

 

 

 

Melba Maple's Estimated Taxes

  = Base Tax + (Rate x Amount Over)
  = $9,362.50 + [.25 x ($98,000 - $68,000)]
  = $9,362.50 + (.25 x $30,000)
  = $9,362.50 + $7,500.00
  = $16,862.50

Melba also experienced tax savings from the previous year, assuming she and her husband had earned the same amount last year. Her total tax dropped almost $13.00 over last year, using the 2009 income tax brackets for joint married taxpayers and qualifying widow(ers).

 

These sample equations do not reflect standard deductions, mortgage deductions, or any other credits that may decrease your estimated taxable income. Use only for 2010 income taxes. The names mentioned in these samples are fictitious and not based on any individual. For illustrative and planning purposes only. For more information, or to review the official tax tables, please download Instructions for Form 1040.

 

 

 

 

 
 
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