Every year in mid-September, the Bureau of Labor Statistics releases inflation data for the last year and tax mavens get to calculating how much all the various tax numbers will move. It turns out inflation was a mere 0.19%, meaning most of the figures won’t change at all.
For referential purposes, the 2010 IRS Tax Brackets will remain unchanged:
2010 IRS Tax Brackets
Here are the projected federal income tax brackets for 2010:
Tax Bracket | Single | Married Filing Jointly |
10% Bracket | $0 – $8,375 | $0 – $16,750 |
15% Bracket | $8,375 – $34,000 | $16,750 – $68,000 |
25% Bracket | $34,000 – $82,400 | $68,000 – $137,300 |
28% Bracket | $82,400 – $171,850 | $137,300 – $209,250 |
33% Bracket | $171,850 – $373,650 | $209,250 – $373,650 |
35% Bracket | $373,650+ | $373,650+ |
This also means that every other number pegged to inflation will probably remain unchanged, such as the COLA for Social Security, as reported earlier.
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