CCH, a national distributor of tax information, published the 2010 federal tax brackets and tables that adjustments for projected inflation (based on inflation data released by the U.S. Department of Labor). Here are some common adjustments:
- Standard Deduction: No change — $5,700 single/$11,400 joint (as in 2009)
- Personal Exemption: No change — $3,650 (as in 2009)
- Gift Tax Exemption: No change — $13,000 (as in 2009)
- Kiddie Tax Threshold: No change — $950 (as in 2009)
- Income Limit for Full Roth IRA Contributions: $105,000 single/$167,000 joint (no change/up $1,000 from 2009)
Here are the projected 2010 tax tables (along with the actual 2009 tax tables):
Single Filers
| 2010 Taxable Income | Rate | 2009 Taxable Income | Rate |
| $0 – $8,375 | 10% | $0 – $8,350 | 10% |
| $8,375 – $34,000 | 15% | $8,350 – $33,950 | 15% |
| $34,000 – $82,400 | 25% | $33,950 – $82,250 | 25% |
| $82,400 – $171,850 | 28% | $82,250 – $171,550 | 28% |
| $171,850 – $373,650 | 33% | $171,550 – $372,950 | 33% |
| $373,650 + | 35% | $372,950 + | 35% |
Married Filing Jointly (& Surviving Spouse)
| 2010 Taxable Income | Rate | 2009 Taxable Income | Rate |
| $0 – $16,750 | 10% | $0 – $16,700 | 10% |
| $16,750 – $68,000 | 15% | $16,700 – $67,900 | 15% |
| $68,000 – $137,300 | 25% | $67,900 – $137,050 | 25% |
| $137,300 – $209,250 | 28% | $137,050 – $208,850 | 28% |
| $209,250 – $373,650 | 33% | $208,850 – $372,950 | 33% |
| $373,650 + | 35% | $372,950 + | 35% |
If a married couple had a taxable income of 68,000 exactly, then they would be taxed 9,362.50 That is 16,750 @ 10% and 51,250 @ 15%. Any earnings greater than 68,000 will be taxed at 25% until it reaches the upper limit of that bracket.