Federal Individual Tax Rates and Brackets for 2009

The indexing factor for federal tax credits and brackets for 2009 is 2.5%. Consequently, the following federal tax rates and brackets will be in effect for  individuals for the 2009 tax year:

Income level               Federal tax rate

$10,100-$38,832                  15%
$38,833-$77,664                  22%
$77,665-$126,264                 26%
Above $126,264                   29%

There is no change in federal individual tax rates for 2009.