2010
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 | $12,050 | $13,450 | $8,400 | $3,650 | $1,400 |
| Married Filing Jointly | $18,700 | $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 |
note:* certain personal tax situations may alter amounts shown
Other Helpful 2010 Information
| Earnings
Ceiling for Social Security for 2008 * 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 $3,050 ( 2) or more $5,036 |
| 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. |
0.50 0.14 0.165 |
| Child's Unearned Income Limit | $1,900 |
| Estate Tax Exclusion | $3,500,000 |
| Gift Limit | $13,000 |
| Adoption Credit | $13,170 |
| Coverdell Education Contribution Limit | $6,000 |
| Qualified Tuition Plan Gift Contribution Limit |
$13,000 |
| Retirement Contributions 2010 |
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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