2009
Minimum Filing Requirements
and Exemption/Deduction Amounts*
Filing Status | Under 65 | Over 65 | Standard Deduction | Exemption | Over 65 or Blind Additional |
Single | $ 9,350 | $ 10,750 | $5,700 | $3,650 | $ 1,400 |
Head Of Household | $12,000 | $13,400 | $8,350 | $3,650 | $1,400 |
Married Filing Jointly | $15,050 | $20,900 | $11,400 | $3,650 | $1,100 |
Married Filing Separately | $9,350 | $10,450 | $5,700 | $3,650 | $1,100 |
Qualified Widow(er) | $15,050 | $16,150 | $11,400 | $3,650 | $1,100 |
Other Helpful 2009 Information
Earnings Ceiling for Social Security for 2009 * Under Full Retirement Age * At Full Retirement Age * Over Full Retirement Age | $14,160 $37,680 $Unlimited |
Self-Employed Insurance Deduction | 100% |
Earned Income Credit Maximum | No Child $ 457 (1) Child $3,043 ( 2) or more $5,028 |
Education Credits | Hope Credit Maximum $2,500, Lifetime Credit maximum $2,000, College Tuition & Fees Deduction $4,000 Maximum |
Child Tax Credit Maximum | $1,000 |
Standard Business Auto Rate Avg. Charitable Rate Medical / Moving Rate Avg. | 0.55 0.14 0.24 |
Child's Unearned Income Limit | $1,900 |
Estate Tax Exclusion | $3,500,000 |
Gift Limit | $13,000 |
Adoption Credit | $12,150 |
Coverdell Education Contribution Limit | $6,000 |
Qualified Tuition Plan Gift Contribution Limit | $13,000 |
Retirement Contributions 2009 | under age 50 over age 50 Traditional IRA/Roth $ 5,000 $ 6,000 401-K & 403-B Plans $16,500 $22,500 Simple IRA Plans $ 11,500 $ 14,000 SEP Plans 25% of earned maximum compensation limit of $49,000 |
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| AVOIDING AN AUDIT IMPORTANT TAX ARTICLES
| TAX COURT CASES Earned Income Tax Credit Issue |
note:* certain personal tax situations may alter amounts shown