2009 Tax Tips Tricks & Advice

Pay less taxes by using these last minute tax tips, tax tricks, and tax secrets to reduce your income, increase your deductions, get more credits, and lower your taxes. Paying the least amount of taxes possible is key personal finance knowledge and some of the best personal finance advice around.

2009 Income Tax Tips Deductions

1. How To Deduct Property Taxes
2. Small Business Tax Deductions Section 179
3. Business Deductions for Entrepreneurs and High Income Taxpayers
4. Donations to Haiti Relief Tax Deductible Exception Until March 1st
5. 2009 Tax Tips for End of Year
6. Deductible Charitable Donations Clothing Personal Items and More

2009 Tax Numbers

Personal Deduction for 2009: $3,650 (up $3,500 in 2008)

2009 Standard Deduction Amount: $11,400 Married Filing Joint, $5,700 For Single Filers

Maximum Earned Income Credit in 2009: $5,028

Maximum Income to Qualify for EIC in 2009: $43,415 – Joint Filers with More than 2 Children

2009 Federal Income Tax Brackets (Returns Filed in 2010)

< $8,350 = 10%

$8,350 – $33,950 = 15%

$33,950 – $82,250 = 25%

$82,250 – $171,550 = 28%

$171,550 – $372,950 = 33%

> $372,950 = 35%

Married Filing Jointly 2009 Income Tax Brackets

< $16,700 = 10%

$16,700 – $67,900 = 15%

$67,901 – $137,050 = 25%

$137,051 – $208,850 = 28%

$208,851 – $372,950 = 33%

> $372,950 = 35%

2009 HSA Health Insurance Minimum and Maximums

Minimum HSA Annual Deductible 2009 = $1,150 (Self-only)

Minimum HSA Deductible 2009 = $2,300 (Family)

Maximum HSA Out-of-Pocket Expenses 2009 = $5,800 (Self-only)

2009 Maximum HSA Out-of-Pocket Deductible and Expenses = $11,600 (Family)

Tax Forms and Official IRS Documents

• 2009 Schedule A Form 1040
• 2009 IRS Form 1040

2008 Tax Tips and Tricks Archive

1. File Your Taxes For Free
2. Last Minute Tax Deduction 2008 Taxes
3. Recovery Rebate Credit – What Is It?
4. Save Money On Tax Filing