Quick Tax facts 2010

The chart below provides important amounts and percentages for 2009 through 2011.
Additional limitations, inflation adjustments, effective dates and transitional rules may apply.

	2009	2010	2011
Long Term Capital Gains
Capital gains rate	15%	15%	20%
Capital gains rate for taxpayers
in 10% or 15% bracket	0%	0%	10%
Dividends Dividends rate (taxed as capital gains)	15%	15%	Will not apply
Dividends rate for taxpayers in 10 % or 15% bracket (taxed as capital gains)	0%	0%	Will not apply
Income Tax Rates
Top bracket	35%	35%	39.6%
Fifth bracket	33%	33%	36%
Fourth bracket	28%	28%	31%
Third bracket	25%	25%	28%
Second bracket	15%	15%	15%
Initial bracket	10%	10%	No 10% bracket
Optional Sales Tax Deduction	Allowed	None	None
Personal Exemption Limitation Repeal	Phased-Out Period	Repeal	Will Not Apply
10% Bracket Taxable income limit – joint filers	Indexed $16,700	Indexed $16,750	No 10% bracket
Taxable income limit - single filers	Indexed $8,350	Indexed $8,375	No 10% bracket
Marriage Penalty Relief
Basic standard deduction for joint filers - Percentage of
single filer amount	200%	200%	167%
15% bracket size for joint filers
- Percentage of 15% bracket size for single filers	200%	200%	167%
Child Tax Credit
Amount per child	$1,000	$1,000	$500
AMT Exemption
Joint filers	$70,950	$45,000	$45,000
Single filers	$46,700	$33,750	$33,750
IRA Limit	Index $5,000 for Inflation
Estate Tax Top Rate	45%	Repeal	55%
Exemption	$3.5 million	Repeal	$1 million
	$3.5 million	Repeal	$1 million
Gift Tax Top Rate	45%	35%	55%
Exemption	$1 million
Code Sec. 179 Expensing
Deduction amount (indexed)	$250,000	$500,000	$500,000
Investment limitation (indexed) (on cost of property)	$800,000	$2,000,000	$2,000,000
15-Year depreciation on qualified leaseholds	Allowed	None
Manufacturers deduction	Phase-In Period 6%	In Full Effect 9%

Quick Tax Facts - Tax Changes in Context

2-Year Tax Forecast