What is My Tax Rate?

Your tax rate is determined by your filing status and your “taxable” income.  The more taxable income you have, the higher your tax rate.  The following tables list the 2010 tax rates applicable to each filing status and income range.

2010 Tax Rates

For Married Individuals Filing Joint Returns and Surviving Spouses:
If Taxable Income Is:The Tax Is:
Not over $16,75010% of the taxable income
Over $16,750 but not over $68,000$1,675 plus 15% of the excess over $16,750
Over $68,000 but not over $137,300$9,362.50 plus 25% of the excess over $68,000
Over $137,300 but not over $209,250$26,687.50 plus 28% of the excess over $137,300
Over $209,250 but not over $373,650$46,833.50 plus 33% of the excess over $209,250
Over $373,650$101,085.50 plus 35% of the excess over $373,650
 

2010 Tax Rates

For Unmarried Individuals (other than Surviving Spouses and Heads of Households)
If Taxable Income Is:The Tax Is:
Not over $8,37510% of the taxable income
Over $8,375 but not over $34,000$837.50 plus 15% of the excess over $8,375
Over $34,000 but not over $82,400$4,681.25 plus 25% of the excess over $34,000
Over $82,400 but not over $171,850$16,781.25 plus 28% of the excess over $82,400
Over $171,850 but not over $373,650$41,827.25 plus 33% of the excess over $171,850
Over $373,650$108,421.25 plus 35% of the excess over $373,650

Did you know that tax deductions can help reduce the amount of your income that is taxable and, consequently, the amount of taxes you are required to pay?  Contact A+ Tax Services for more information on how to reduce your tax liability.

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