Default Treatment of SRCOP in 2010

InfoSeeker

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Just wondering if anyone knows how the standard rate cut off point is handled as we move from one tax year into a new tax year.

For example, I am marrled & both of us work. In 2009 I changed the allocation of the SRCOP so that my wife would get 40K taxed @ 20% & the balance of 32,800 was assigned to me.

Will this default back to an even split for 2010, ie 36,400 each?
 
It will carry forward exactly as it was at the end of the year unless you tell Revenue otherwise. It will not revert back to an even split.
 
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