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2009 Tax Rate Changes
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2006

2007

2008

2009

Individual Deductions

Standard Deduction, Joint Return And Surviving Spouse

$10,300

$10,700

$10,900

$11,400

Standard Deduction, Head of Household

$7,550

$7,850

$8,000

$8,350

Standard Deduction, Single

$5,150

$5,350

$5,450

$5,700

Standard Deduction, Married Filing Separate

$5,150

$5,350

$5,450

$5,700

Additional Standard Deduction For Blindness or Age, Single

$1,250

$1,300

$1,350

$1,400

Additional Standard Deduction For Blindness or Age, Married

$1,000

$1,050

$1,050

$1,100

Exemptions

Personal and Dependent Amount

$3,300

$3,400

$3,500

$3,650

Earned Income Credit

Credit for two qualifying children

$4,400

$4,536

$4,824

$5,657

Maximum AGI:  Single, HOH,      Widow/Widower

$35,263

$37,783

$38,646

$40,295

Maximum AGI:  Married Filing Joint

$37,263

$39,783

$41,646

$45,295

Credit for one qualifying child

$2,662

$2,747

$2,917

$3,043

Credit for taxpayers with no children

$399

$412

$438

$457

Maximum AGI:  Single, HOH,      Widow/Widower

$11,750

$12,590

$12,880

$13,440

Maximum AGI:  Married Filing Joint

$13,750

$14,590

$15,880

$18,440

Investment income Maximum

$2,700

$2,900

$2,950

$3,100

Business Deductions

Section 179 Deduction

$108,000

$112,000

$128,000

$128,000

  Phase-out Amount

$430,000

$450,000

$510,000

$510,000

Self-Employed Deduction For SE Tax

50%

50%

50%

50%

Auto And Transportation Allowances

Business Mileage Rate

0.445

0.485

0.505/0.585

0.55

Medical/Moving Mileage Rate

0.18

0.20

.19/.27

0.24

Charity Mileage Rate

0.14

0.14

0.14

0.24

Social Security and Self-Employment Tax

FICA Taxable Maximum Earnings

$94,200

$97,500

$102,000

$106,800

Maximum FICA Tax amount

$5,840.40

$6,045

$6,324

$6,622

FICA Tax Rate On Employee

6.20%

6.20%

6.20%

6.20%

Tax on Self-Employment Earnings

12.40%

12.40%

12.40%

12.40%

Medicare Taxable Maximum Earnings

No Limit

No Limit

No Limit

No Limit

Medicare Tax Rate on Employee

1.45%

1.45%

1.45%

1.45%

Medicare Tax on Self-Employment Earnings

2.90%

2.90%

2.90%

2.90%





Estrella Tax Services
417 Clay Avenue
Rochester, NY  14613