| The tax brackets and various related benefits | | | | itemized deductions like charitable contributions, |
| remained unchanged in this year or they changed | | | | local and state taxes and charitable contributions. |
| very slightly. Since slow economy and low inflation | | | | Because of the lower levels of inflation in the year |
| continued in 2010, there are only nominal changes | | | | passed by, majority of the workers won't receive |
| from the last year tax brackets. | | | | as much an increase in the take home pay as |
| The CPI or Consumer Price Index which is a key | | | | they did in last year given the adjustments in |
| attribute in determining the income tax bracket | | | | inflation. Various tax brackets will one see minor |
| has been reviewed by many experts and | | | | adjustments, whereas the annual gift tax |
| economists and a conclusion was reached that it | | | | exclusion this year is same as that of the last |
| hardly varied from that of last year's. | | | | year. |
| The personal exemption which is $3650 will not | | | | These brackets lower the tax bills when there is |
| change this year, along with the standard | | | | inflation by including more of an individual's income |
| deductions for most of the taxpayers. This is | | | | in a lower bracket. Those people who earn a |
| perhaps the first time that no increase has taken | | | | good amount of money are still in a benefit in this |
| place in these parameters. Majority of the | | | | year because of "stealth taxes". |
| taxpayers prefer standard deductions over | | | | |