| Testimonials |
|
| "The best thing about working with Lakhani. We don't have to do the bookkeeping! We don't have to worry about entering invoices correctly, dealing with payroll, filing and paying taxes on time. We would recommend them."
|
Justin Leitner
-President of Canyon Drywall |
|
| Read More.. |
|
|
|
 |
| |
| 2016 Tax Rates - Single Taxpayers - Standard Deduction $6,300 |
|
|
| 10% |
0 to $9,275 |
| 15% |
$9,275 to $37,650 |
| 25% |
$37,650 to $91,150 |
| 28% |
$91,150 to $190,150 |
| 33% |
$190,150 to $413,350 |
| 35% |
$413,350 to $415,050 |
| 39.6% |
Over $415,050 |
|
| 2016 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $12,600 |
|
| 10% |
0 to $18,550 |
| 15% |
$18,550 to $75,300 |
| 25% |
$75,300 to $151,900 |
| 28% |
$151,900 to $231,450 |
| 33% |
$231,450 to $413,350 |
| 35% |
$413,350 to $466,950 |
| 39.6% |
Over $466,950 |
|
| 2016 Tax Rates - Married Filing Separately - Standard Deduction $6,300 |
|
| 10% |
0 to $9,275 |
| 15% |
$9,275 to $37,650 |
| 25% |
$37,650 to $75,950 |
| 28% |
$75,950 to $115,725 |
| 33% |
$115,725 to $206,675 |
| 35% |
$206,675 to $233,475 |
| 39.6% |
Over $233,475 |
|
| 2016 Tax Rates - Head of Household - Standard Deduction $9,250 |
|
| 10% |
0 to $13,250 |
| 15% |
$13,250 to $50,400 |
| 25% |
$50,400 to $130,150 |
| 28% |
$130,150 to $210,800 |
| 33% |
$210,800 to $413,350 |
| 35% |
$413,350 to $441,000 |
| 39.6% |
Over $441,000 |
|
| 2016 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,550 |
| 25% |
$2,550 to $5,950 |
| 28% |
$5,950 to $9,050 |
| 33% |
$9,050 to $12,400 |
| 39.6% |
Over $12,400 |
| Social Security |
2016 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
6.2% |
| Social Security Tax Rate: Self-Employed |
15.3% |
| Maximum Taxable Earnings |
$118,500 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
| Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
| Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) |
3.8% |
|
| Miscellaneous |
2016 Tax Rates |
| Personal Exemption |
$4,050 |
| Business expensing limit: Cap on equipment purchases |
$200,000,000 |
| Business expensing limit: New and Used Equipment and Software |
$500,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2016 tax liability |
| Standard mileage rate for business driving |
54 cents |
| Standard mileage rate for medical/moving driving |
19 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$1,050 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket |
15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50
$6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$12,500 if under age 50
$15,500 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $53,000 |
| 401(k) maximum employee contribution limit |
$18,000 if under age 50
$24,000 if 50 or older |
| Estate tax exemption |
$5,450,000 |
| Annual Exclusion for Gifts |
$14,000 |
|
| Education |
2016 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
|
| Standard Meal Rates for Family Child Care Providers for 2016 income tax returns |
| Continental U.S. |
2016 Tax Rates |
| For each breakfast |
$1.31 |
| For each lunch or supper |
$2.46 |
| For each snack (up to 3 per day for each child) |
$0.73 |
|
| Alaska |
2016 Tax Rates |
| For each breakfast |
$2.09 |
| For each lunch or supper |
$3.99 |
| For each snack (up to 3 per day for each child) |
$1.19 |
|
| Hawaii |
2015 Tax Rates |
| For each breakfast |
$1.53 |
| For each lunch or supper |
$2.88 |
| For each snack (up to 3 per day for each child) |
$0.86 |
| |
| 2015 Tax Rates - Single Taxpayers - Standard Deduction $6,300 |
|
|
| 10% |
0 to $9,075 |
| 15% |
$9,225 to $37,450 |
| 25% |
$37,450 to $90,750 |
| 28% |
$90,750 to $189,300 |
| 33% |
$189,300 to $411,500 |
| 35% |
$411,500 to $413,200 |
| 39.6% |
Over $413,200 |
|
| 2015 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $12,600 |
|
| 10% |
0 to $18,450 |
| 15% |
$18,450 to $74,900 |
| 25% |
$74,900 to $151,200 |
| 28% |
$151,200 to $230,450 |
| 33% |
$230,450 to $411,500 |
| 35% |
$411,500 to $464,850 |
| 39.6% |
Over $464,850 |
|
| 2015 Tax Rates - Married Filing Separately - Standard Deduction $6,300 |
|
| 10% |
0 to $9,225 |
| 15% |
$9,225 to $37,450 |
| 25% |
$37,450 to $75,600 |
| 28% |
$75,600 to $115,225 |
| 33% |
$115,225 to $205,750 |
| 35% |
$205,750 to $232,425 |
| 39.6% |
Over $232,425 |
|
| 2015 Tax Rates - Head of Household - Standard Deduction $9,250 |
|
| 10% |
0 to $13,150 |
| 15% |
$13,150 to $50,200 |
| 25% |
$50,200 to $129,600 |
| 28% |
$129,600 to $209,850 |
| 33% |
$209,850 to $411,500 |
| 35% |
$411,500 to $439,000 |
| 39.6% |
Over $439,000 |
|
| 2015 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,500 |
| 25% |
$2,500 to $5,900 |
| 28% |
$5,900 to $9,050 |
| 33% |
$9,050 to $12,300 |
| 39.6% |
Over $12,300 |
| Social Security |
2015 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
6.2% |
| Social Security Tax Rate: Self-Employed |
12.4% |
| Maximum Taxable Earnings |
$118,500 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
| Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
| Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) |
3.8% |
|
| Miscellaneous |
2015 Tax Rates |
| Personal Exemption |
$4,000 |
| Business expensing limit: Cap on equipment purchases |
$200,000,000 |
| Business expensing limit: New and Used Equipment and Software |
$500,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2015 tax liability |
| Standard mileage rate for business driving |
57.5 cents |
| Standard mileage rate for medical/moving driving |
23 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$1,050 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket |
15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50
$6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$12,000 if under age 50
$15,500 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $53,000 |
| 401(k) maximum employee contribution limit |
$18,000 if under age 50
$24,000 if 50 or older |
| Estate tax exemption |
$5,430,000 |
| Annual Exclusion for Gifts |
$14,000 |
|
| Education |
2015 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
|
| Standard Meal Rates for Family Child Care Providers for 2015 income tax returns |
| Continental U.S. |
2015 Tax Rates |
| For each breakfast |
$1.32 |
| For each lunch or supper |
$2.48 |
| For each snack (up to 3 per day for each child) |
$0.74 |
|
| Alaska |
2015 Tax Rates |
| For each breakfast |
$2.11 |
| For each lunch or supper |
$4.02 |
| For each snack (up to 3 per day for each child) |
$1.20 |
|
| Hawaii |
2015 Tax Rates |
| For each breakfast |
$1.54 |
| For each lunch or supper |
$2.90 |
| For each snack (up to 3 per day for each child) |
$0.86 |
| |
| 2014 Tax Rates - Single Taxpayers - Standard Deduction $6,200 |
|
|
| 10% |
0 to $9,075 |
| 15% |
$9,075 to $36,900 |
| 25% |
$36,900 to $89,350 |
| 28% |
$89,350 to $186,350 |
| 33% |
$186,350 to $405,100 |
| 35% |
$405,100 to $406,750 |
| 39.6% |
Over $406,750 |
|
| 2014 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $12,400 |
|
| 10% |
0 to $18,150 |
| 15% |
$18,150 to $73,800 |
| 25% |
$73,800 to $148,850 |
| 28% |
$148,850 to $226,850 |
| 33% |
$226,850 to $405,100 |
| 35% |
$405,100 to $457,600 |
| 39.6% |
Over $457,600 |
|
| 2014 Tax Rates - Married Filing Separately - Standard Deduction $6,200 |
|
| 10% |
0 to $9,075 |
| 15% |
$9,075 to $36,900 |
| 25% |
$36,900 to $74,425 |
| 28% |
$74,425 to $113,425 |
| 33% |
$113,425 to $202,550 |
| 35% |
$202,550 to $228,800 |
| 39.6% |
Over $228,800 |
|
| 2014 Tax Rates - Head of Household - Standard Deduction $9,100 |
|
| 10% |
0 to $12,950 |
| 15% |
$12,950 to $49,400 |
| 25% |
$49,400 to $127,550 |
| 28% |
$127,550 to $206,600 |
| 33% |
$206,600 to $405,100 |
| 35% |
$405,100 to $432,200 |
| 39.6% |
Over $432,200 |
|
| 2014 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,500 |
| 25% |
$2,500 to $5,800 |
| 28% |
$5,800 to $8,900 |
| 33% |
$8,900 to $12,150 |
| 39.6% |
Over $12,150 |
| Social Security |
2014 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
6.2% |
| Social Security Tax Rate: Self-Employed |
12.4% |
| Maximum Taxable Earnings |
$117,000 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
| Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
| Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) |
3.8% |
|
| Miscellaneous |
2014 Tax Rates |
| Personal Exemption |
$3,950 |
| Business expensing limit: Cap on equipment purchases |
$200,000 |
| Business expensing limit: New and Used Equipment and Software |
$25,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2014 tax liability |
| Standard mileage rate for business driving |
56 cents |
| Standard mileage rate for medical/moving driving |
23.5 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$1,000 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket |
15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50
$6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$12,000 if under age 50
$14,500 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $52,000
|
| 401(k) maximum employee contribution limit |
$17,500 if under age 50
$23,000 if 50 or older |
| Estate tax exemption |
$5,340,000 |
| Annual Exclusion for Gifts |
$14,000 |
|
| Education |
2014 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2011 Tax Rates - Single Taxpayers - Standard Deduction $5,800 |
|
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $83,600 |
| 28% |
$83,600 to $174,400 |
| 33% |
$174,400 to $379,150 |
| 35% |
Over $379,150 |
|
| 2011 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,600 |
|
| 10% |
0 to $17,000 |
| 15% |
$17,000 to $69,000 |
| 25% |
$69,000 to $139,350 |
| 28% |
$139,350 to $212,300 |
| 33% |
$212,300 to $379,150 |
| 35% |
Over $379,150 |
|
| 2011 Tax Rates - Married Filing Separately - Standard Deduction $5,800 |
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $69,675 |
| 28% |
$69,675 to $106,150 |
| 33% |
$106,150 to $189,575 |
| 35% |
Over $189,575 |
|
| 2011 Tax Rates - Head of Household - Standard Deduction $8,500 |
|
| 10% |
0 to $12,150 |
| 15% |
$12,150 to $46,250 |
| 25% |
$46,250 to $119,400 |
| 28% |
$119,400 to $193,350 |
| 33% |
$193,350 to $379,150 |
| 38% |
Over $379,150 |
|
| 2011 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,300 |
| 25% |
$2,300 to $5,450 |
| 28% |
$5,450 to $8,300 |
| 33% |
$8,300 to $11,350 |
| 35% |
Over $11,350 |
| Social Security |
2011 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
4.2% |
| Social Security Tax Rate: Self-Employed |
10.4% |
| Maximum Taxable Earnings |
$106,800 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
|
| Miscellaneous |
2011 Tax Rates |
| Personal Exemption |
$3,700 |
| Business expensing deduction: New Equipment |
$2,000,000 |
| Business expensing deduction: Used Equipment and Software |
$500,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2010 tax liability |
| Standard mileage rate for business driving 1/1/2011 to 6/30/2011 |
51 cents |
| Standard mileage rate for business driving 7/1/2011 to 12/31/2011 |
55.5 cents |
| Standard mileage rate for medical/moving driving 1/1/2011 to 6/30/2011 |
19 cents |
| Standard mileage rate for medical/moving driving 7/1/2011 to 12/31/2011 |
23.5 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50
$6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50
$14,000 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $49,000 |
| 401(k) maximum employee contribution limit |
$16,500 if under age 50
$22,000 if 50 or older |
| Self-employed health insurance deduction |
100% |
| Estate tax exemption |
$5,000,000 |
| Annual Exclusion for Gifts |
$13,000 |
|
| Education |
2011 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2013 Tax Rates - Single Taxpayers - Standard Deduction $6,100 |
|
|
| 10% |
0 to $8,925 |
| 15% |
$8,925 to $36,250 |
| 25% |
$35,250 to $87,850 |
| 28% |
$87,850 to $183,250 |
| 33% |
$183,250 to $398,350 |
| 35% |
$398,350 to $400,000 |
| 39.6% |
Over $400,000 |
|
| 2013 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $12,200 |
|
| 10% |
0 to $17,850 |
| 15% |
$17,850 to $72,500 |
| 25% |
$72,500 to $146,400 |
| 28% |
$146,400 to $223,050 |
| 33% |
$223,050 to $398,350 |
| 35% |
$398,350 to $450,000 |
| 39.6% |
Over $450,000 |
|
| 2013 Tax Rates - Married Filing Separately - Standard Deduction $6,100 |
|
| 10% |
0 to $8,925 |
| 15% |
$8,925 to $36,250 |
| 25% |
$36,250 to $73,200 |
| 28% |
$73,200 to $111,525 |
| 33% |
$111,525 to $199,175 |
| 35% |
$199,175 to $225,000 |
| 39.6% |
Over $225,000 |
|
| 2013 Tax Rates - Head of Household - Standard Deduction $8,950 |
|
| 10% |
0 to $12,750 |
| 15% |
$12,750 to $48,600 |
| 25% |
$48,600 to $125,450 |
| 28% |
$125,450 to $203,150 |
| 33% |
$203,150 to $398,350 |
| 35% |
$398,350 to $425,000 |
| 39.6% |
Over $425,000 |
|
| 2013 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,450 |
| 25% |
$2,450 to $5,700 |
| 28% |
$5,700 to $8,750 |
| 33% |
$8,750 to $11,950 |
| 39.6% |
Over $11,950 |
| Social Security |
2013 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
6.2% |
| Social Security Tax Rate: Self-Employed |
12.4% |
| Maximum Taxable Earnings |
Unlimited |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
| Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
| Medicare Tax on net investment income ($200,000 single filers, $250,000 joint filers) |
3.8% |
|
| Miscellaneous |
2013 Tax Rates |
| Personal Exemption |
$3,900 |
| Business expensing limit: Cap on equipment purchases |
$2,000,000 |
| Business expensing limit: New and Used Equipment and Software |
$500,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2013 tax liability |
| Standard mileage rate for business driving |
56.5 cents |
| Standard mileage rate for medical/moving driving |
24 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$1,000 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket |
15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket |
20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,500 if under age 50
$6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$12,000 if under age 50
$14,500 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $51,000 |
| 401(k) maximum employee contribution limit |
$17,500 if under age 50
$23,000 if 50 or older |
| Estate tax exemption |
$5,250,000 |
| Annual Exclusion for Gifts |
$14,000 |
|
| Education |
2013 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2011 Tax Rates - Single Taxpayers - Standard Deduction $5,800 |
|
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $83,600 |
| 28% |
$83,600 to $174,400 |
| 33% |
$174,400 to $379,150 |
| 35% |
Over $379,150 |
|
| 2011 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,600 |
|
| 10% |
0 to $17,000 |
| 15% |
$17,000 to $69,000 |
| 25% |
$69,000 to $139,350 |
| 28% |
$139,350 to $212,300 |
| 33% |
$212,300 to $379,150 |
| 35% |
Over $379,150 |
|
| 2011 Tax Rates - Married Filing Separately - Standard Deduction $5,800 |
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $69,675 |
| 28% |
$69,675 to $106,150 |
| 33% |
$106,150 to $189,575 |
| 35% |
Over $189,575 |
|
| 2011 Tax Rates - Head of Household - Standard Deduction $8,500 |
|
| 10% |
0 to $12,150 |
| 15% |
$12,150 to $46,250 |
| 25% |
$46,250 to $119,400 |
| 28% |
$119,400 to $193,350 |
| 33% |
$193,350 to $379,150 |
| 38% |
Over $379,150 |
|
| 2011 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,300 |
| 25% |
$2,300 to $5,450 |
| 28% |
$5,450 to $8,300 |
| 33% |
$8,300 to $11,350 |
| 35% |
Over $11,350 |
| Social Security |
2011 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
4.2% |
| Social Security Tax Rate: Self-Employed |
10.4% |
| Maximum Taxable Earnings |
$106,800 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
|
| Miscellaneous |
2011 Tax Rates |
| Personal Exemption |
$3,700 |
| Business expensing deduction: New Equipment |
$2,000,000 |
| Business expensing deduction: Used Equipment and Software |
$500,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2010 tax liability |
| Standard mileage rate for business driving 1/1/2011 to 6/30/2011 |
51 cents |
| Standard mileage rate for business driving 7/1/2011 to 12/31/2011 |
55.5 cents |
| Standard mileage rate for medical/moving driving 1/1/2011 to 6/30/2011 |
19 cents |
| Standard mileage rate for medical/moving driving 7/1/2011 to 12/31/2011 |
23.5 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50
$6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50
$14,000 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $49,000 |
| 401(k) maximum employee contribution limit |
$16,500 if under age 50
$22,000 if 50 or older |
| Self-employed health insurance deduction |
100% |
| Estate tax exemption |
$5,000,000 |
| Annual Exclusion for Gifts |
$13,000 |
|
| Education |
2011 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2010 Tax Rates - Single Taxpayers - Standard Deduction $5,800 |
|
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $83,600 |
| 28% |
$83,600 to $174,400 |
| 33% |
$174,400 to $379,150 |
| 35% |
Over $379,150 |
|
| 2010 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,600 |
|
| 10% |
0 to $17,000 |
| 15% |
$17,000 to $69,000 |
| 25% |
$69,000 to $139,350 |
| 28% |
$139,350 to $212,300 |
| 33% |
$212,300 to $379,150 |
| 35% |
Over $379,150 |
|
| 2010 Tax Rates - Married Filing Separately - Standard Deduction $5,800 |
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $69,675 |
| 28% |
$69,675 to $106,150 |
| 33% |
$106,150 to $189,575 |
| 35% |
Over $189,575 |
|
| 2010 Tax Rates - Head of Household - Standard Deduction $8,500 |
|
| 10% |
0 to $12,150 |
| 15% |
$12,150 to $46,250 |
| 25% |
$46,250 to $119,400 |
| 28% |
$119,400 to $193,350 |
| 33% |
$193,350 to $379,150 |
| 38% |
Over $379,150 |
|
| 2010 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,300 |
| 25% |
$2,300 to $5,450 |
| 28% |
$5,450 to $8,300 |
| 33% |
$8,300 to $11,350 |
| 35% |
Over $11,350 |
| Social Security |
2010 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
4.2% |
| Social Security Tax Rate: Self-Employed |
10.4% |
| Maximum Taxable Earnings |
$106,800 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
|
| Miscellaneous |
2010 Tax Rates |
| Personal Exemption |
$3,700 |
| Business expensing deduction: New Equipment |
$2,000,000 |
| Business expensing deduction: Used Equipment and Software |
$500,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2010 tax liability |
| Standard mileage rate for business driving 1/1/2010 to 6/30/2010 |
51 cents |
| Standard mileage rate for business driving 7/1/2010 to 12/31/2010 |
55.5 cents |
| Standard mileage rate for medical/moving driving 1/1/2010 to 6/30/2010 |
19 cents |
| Standard mileage rate for medical/moving driving 7/1/2010 to 12/31/2010 |
23.5 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50
$6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50
$14,000 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $49,000 |
| 401(k) maximum employee contribution limit |
$16,500 if under age 50
$22,000 if 50 or older |
| Self-employed health insurance deduction |
100% |
| Estate tax exemption |
$5,000,000 |
| Annual Exclusion for Gifts |
$13,000 |
|
| Education |
2010 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2012 Tax Rates - Single Taxpayers - Standard Deduction $5,950 |
|
|
| 10% |
0 to $8,700 |
| 15% |
$8,700 to $35,350 |
| 25% |
$35,350 to $85,650 |
| 28% |
$85,650 to $178,650 |
| 33% |
$178,650 to $388,350 |
| 35% |
Over $388,350 |
|
| 2012 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,900 |
|
| 10% |
0 to $17,000 |
| 15% |
$17,000 to $69,000 |
| 25% |
$69,000 to $139,350 |
| 28% |
$139,350 to $212,300 |
| 33% |
$212,300 to $379,150 |
| 35% |
Over $379,150 |
|
| 2012 Tax Rates - Married Filing Separately - Standard Deduction $5,950 |
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $69,675 |
| 28% |
$69,675 to $106,150 |
| 33% |
$106,150 to $189,575 |
| 35% |
Over $189,575 |
|
| 2012 Tax Rates - Head of Household - Standard Deduction $8,700 |
|
| 10% |
0 to $12,150 |
| 15% |
$12,150 to $46,250 |
| 25% |
$46,250 to $119,400 |
| 28% |
$119,400 to $193,350 |
| 33% |
$193,350 to $379,150 |
| 38% |
Over $379,150 |
|
| 2012 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,400 |
| 25% |
$2,400 to $5,600 |
| 28% |
$5,600 to $8,500 |
| 33% |
$8,500 to $11,650 |
| 35% |
Over $11,650 |
| Social Security |
2012 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
4.2% |
| Social Security Tax Rate: Self-Employed |
10.4% |
| Maximum Taxable Earnings |
$110,100 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
|
| Miscellaneous |
2012 Tax Rates |
| Personal Exemption |
$3,800 |
| Business expensing limit: New Equipment |
$560,000 |
| Business expensing limit: New and Used Equipment and Software |
$139,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2011 tax liability |
| Standard mileage rate for business driving 1/1/2012 to 12/31/2012 |
55.5 cents |
| Standard mileage rate for medical/moving driving 1/1/2012 to 12/31/2012 |
23 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50
$6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50
$14,000 if 50 or older
|
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $50,000 |
| 401(k) maximum employee contribution limit |
$17,000 if under age 50
$22,500 if 50 or older
|
| Estate tax exemption |
$5,120,000 |
| Annual Exclusion for Gifts |
$13,000 |
|
| Education |
2012 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2011 Tax Rates - Single Taxpayers - Standard Deduction $5,800 |
|
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $83,600 |
| 28% |
$83,600 to $174,400 |
| 33% |
$174,400 to $379,150 |
| 35% |
Over $379,150 |
|
| 2011 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,600 |
|
| 10% |
0 to $17,000 |
| 15% |
$17,000 to $69,000 |
| 25% |
$69,000 to $139,350 |
| 28% |
$139,350 to $212,300 |
| 33% |
$212,300 to $379,150 |
| 35% |
Over $379,150 |
|
| 2011 Tax Rates - Married Filing Separately - Standard Deduction $5,800 |
|
| 10% |
0 to $8,500 |
| 15% |
$8,500 to $34,500 |
| 25% |
$34,500 to $69,675 |
| 28% |
$69,675 to $106,150 |
| 33% |
$106,150 to $189,575 |
| 35% |
Over $189,575 |
|
| 2011 Tax Rates - Head of Household - Standard Deduction $8,500 |
|
| 10% |
0 to $12,150 |
| 15% |
$12,150 to $46,250 |
| 25% |
$46,250 to $119,400 |
| 28% |
$119,400 to $193,350 |
| 33% |
$193,350 to $379,150 |
| 38% |
Over $379,150 |
|
| 2011 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,300 |
| 25% |
$2,300 to $5,450 |
| 28% |
$5,450 to $8,300 |
| 33% |
$8,300 to $11,350 |
| 35% |
Over $11,350 |
| Social Security |
2011 Tax Rates |
| Social Security Tax Rate: Employers |
6.2% |
| Social Security Tax Rate: Employees |
4.2% |
| Social Security Tax Rate: Self-Employed |
10.4% |
| Maximum Taxable Earnings |
$106,800 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
|
| Miscellaneous |
2011 Tax Rates |
| Personal Exemption |
$3,700 |
| Business expensing deduction: New Equipment |
$2,000,000 |
| Business expensing deduction: Used Equipment and Software |
$500,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2010 tax liability |
| Standard mileage rate for business driving 1/1/2011 to 6/30/2011 |
51 cents |
| Standard mileage rate for business driving 7/1/2011 to 12/31/2011 |
55.5 cents |
| Standard mileage rate for medical/moving driving 1/1/2011 to 6/30/2011 |
19 cents |
| Standard mileage rate for medical/moving driving 7/1/2011 to 12/31/2011 |
23.5 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50
$6,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50
$14,000 if 50 or older |
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $49,000 |
| 401(k) maximum employee contribution limit |
$16,500 if under age 50
$22,000 if 50 or older |
| Self-employed health insurance deduction |
100% |
| Estate tax exemption |
$5,000,000 |
| Annual Exclusion for Gifts |
$13,000 |
|
| Education |
2011 Tax Rates |
| American Opportunity Credit (Hope) |
$2,500 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2009 Tax Rates - Single Taxpayers - Standard Deduction $5,700 |
|
|
| 10% |
0 to $8,350 |
| 15% |
$8,350 to $33,950 |
| 25% |
$33,950 to $82,250 |
| 28% |
$82,250 to $171,550 |
| 33% |
$171,550 to $372,950 |
| 35% |
Over $372,950 |
|
| 2009 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $11,400 |
|
| 10% |
0 to $16,700 |
| 15% |
$16,700 to $67,900 |
| 25% |
$67,900 to $137,050 |
| 28% |
$137,050 to $208,850 |
| 33% |
$208,850 to $372,950 |
| 35% |
Over $372,950 |
|
| 2009 Tax Rates - Married Filing Separately - Standard Deduction $5,700 |
|
| 10% |
0 to $8,350 |
| 15% |
$8,350 to $33,950 |
| 25% |
$33,950 to $68,525 |
| 28% |
$68,525 to $104,425 |
| 33% |
$104,425 to $186,475 |
| 35% |
Over $186,475 |
|
| 2009 Tax Rates - Head of Household - Standard Deduction $8,350 |
|
| 10% |
1 to $11,950 |
| 15% |
$11,950 to $45,500 |
| 25% |
$45,500 to $117,450 |
| 28% |
$117,450 to $190,200 |
| 33% |
$190,200 to $372,950 |
| 38% |
Over $372,950 |
|
| 2009 Tax Rates - Estates & Trusts |
|
| 15% |
0 to $2,300 |
| 25% |
$2,300 to $5,350 |
| 28% |
$5,350 to $8,200 |
| 33% |
$8,200 to $11,150 |
| 35% |
Over $11,150 |
| Social Security |
2009 Tax Rates |
| Base Salary |
$106,800 |
| Social Security Tax Rate |
6.2% |
| Maximum Social Security Tax |
$6,621.60 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
|
| Miscellaneous |
2009 Tax Rates |
| Personal Exemption |
$3,650 |
| Business equipment expensing deduction |
$133,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2008 tax liability |
| Standard mileage rate for business driving |
50 cents |
| Standard mileage rate for medical/moving driving |
24 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$950 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50
$6,000 if 50 or older
|
| Maximum employee contribution to SIMPLE IRA |
$11,500 if under age 50
$14,000 if 50 or older
|
| Maximum Contribution to SEP IRA |
25% of eligible compensation up to $49,000 |
| 401(k) maximum employee contribution limit |
$16,500 if under age 50
$22,000 if 50 or older
|
| Self-employed health insurance deduction |
100% |
| Estate tax exemption |
$3,500,000 |
| Annual Exclusion for Gifts |
$13,000 |
|
| Education |
2009 Tax Rates |
| Hope Credit |
$1,800 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2008 Tax Rates - Single Taxpayers - Standard Deduction $5,450 |
|
|
| 10% |
0 to 8,025 |
| 15% |
8,026 to 32,550 |
| 25% |
32,551 to 78,850 |
| 28% |
78,851 to 164,550 |
| 33% |
165,551 to 357,700 |
| 35% |
Over 357,700 |
|
| 2008 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $10,900 |
|
| 10% |
0 to 16,050 |
| 15% |
16,051 to 65,100 |
| 25% |
65,101 to 131,450 |
| 28% |
131,451 to 200,300 |
| 33% |
200,301 to 357,700 |
| 35% |
Over 357,700 |
|
| 2008 Tax Rates - Married Filing Separately - Standard Deduction $5,450 |
|
| 10% |
0 to 8,025 |
| 15% |
8,026 to 32,550 |
| 25% |
32,551 to 65,725 |
| 28% |
65,726 to 100,150 |
| 33% |
100,151 to 178,500 |
| 35% |
Over 178,550 |
|
| 2008 Tax Rates - Head of Household - Standard Deduction $8,000 |
|
| 10% |
1 to 11,450 |
| 15% |
11,451 to 43,650 |
| 25% |
43,651 to 112,650 |
| 28% |
112,651 to 182,400 |
| 33% |
182,401 to 357,700 |
| 38% |
Over 357,700 |
|
| 2008 Tax Rates - Estates & Trusts |
|
| 15% |
1 to 2,200 |
| 25% |
2,201 to 5,150 |
| 28% |
5,151 to 7,850 |
| 33% |
7,851 to 10,700 |
| 35% |
Over 10,700 |
| Social Security |
2008 Tax Rates |
| Base Salary |
$102,000 |
| Social Security Tax Rate |
6.2% |
| Maximum Social Security Tax |
$6,324 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
|
| Miscellaneous |
2008 Tax Rates |
| Personal Exemption |
$3,500 |
| Business equipment expensing deduction |
$250,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2007 tax liability |
| Standard mileage rate for business driving |
50.5 cents |
| Standard mileage rate for medical/moving driving |
19 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$1,800 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$5,000 if under age 50
$6,000 if 50 or older
|
| Maximum employee contribution to SIMPLE IRA |
$10,500 if under age 50
$13,000 if 50 or older
|
| Maximum Contribution to SEP IRA |
25% of eligible compensation up to $46,000 |
| 401(k) maximum employee contribution limit |
$15,500 if under age 50
$22,500 if 50 or older
|
| Self-employed health insurance deduction |
100% |
| Estate tax exemption |
$2,000,000 |
| Annual Exclusion for Gifts |
$12,000 |
|
| Education |
2008 Tax Rates |
| Hope Credit |
$1,800 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
| |
| 2007 Tax Rates - Single Taxpayers - Standard Deduction $5,350 |
|
|
| 10% |
0 to 7,825 |
| 15% |
7,826 to 31,850 |
| 25% |
31,851 to 77,100 |
| 28% |
77,101 – 160,850 |
| 33% |
160,851 – 349,700 |
| 35% |
Over 349,700 |
|
| 2007 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $10,700 |
|
| 10% |
0 – 15,650 |
| 15% |
15,651 – 63,700 |
| 25% |
63,701 – 128,500 |
| 28% |
128,501 – 195,850 |
| 33% |
195,851 – 349,700 |
| 35% |
Over 349,700 |
|
| 2007 Tax Rates - Married Filing Separately - Standard Deduction $5,350 |
|
| 10% |
0 – 7,825 |
| 15% |
7,826 – 31,850 |
| 25% |
31,851 – 64,250 |
| 28% |
64,251 – 97,925 |
| 33% |
97,926 – 174,850 |
| 35% |
Over 174,850 |
|
| 2007 Tax Rates - Head of Household - Standard Deduction $7,850 |
|
| 10% |
1 – 11,200 |
| 15% |
11,201 – 42,650 |
| 25% |
42,651 – 110,100 |
| 28% |
110,101 – 178,350 |
| 33% |
178,351 – 349,700 |
| 38% |
Over 349,700 |
|
| 2008 Tax Rates - Estates & Trusts |
|
| 15% |
1 – 2,150 |
| 25% |
2,151 – 5,000 |
| 28% |
5,001 – 7,650 |
| 33% |
7,651 – 10,450 |
| 35% |
Over 10,450 |
| Social Security |
2007 Tax Rates |
| Base Salary |
$97,500 |
| Social Security Tax Rate |
6.2% |
| Maximum Social Security Tax |
$6,045 |
| Medicare Base Salary |
Unlimited |
| Medicare Tax Rate |
1.45% |
|
| Miscellaneous |
2007 Tax Rates |
| Personal Exemption |
$3,400 |
| Business equipment expensing deduction |
$125,000 |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2006 tax liability |
| Standard mileage rate for business driving |
48.5 cents |
| Standard mileage rate for medical/moving driving |
20 cents |
| Standard mileage rate for charitable driving |
14 cents |
| Child Tax Credit |
$1,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$1,700 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket |
5% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket |
15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$4,000 if under age 50
$5,000 if 50 or older
|
| Maximum employee contribution to SIMPLE IRA |
$10,500 if under age 50
$13,000 if 50 or older
|
| Maximum Contribution to SEP IRA |
25% of eligible compensation up to $45,000 |
| 401(k) maximum employee contribution limit |
$15,500 if under age 50
$20,500 if 50 or older
|
| Self-employed health insurance deduction |
100% |
| Estate tax exemption |
$2,000,000 |
| Annual Exclusion for Gifts |
$12,000 |
|
| Education |
2007 Tax Rates |
| Hope Credit |
$1,650 |
| Lifetime Learning Credit |
$2,000 |
| Student Loan Interest Deduction |
$2,500 |
| Coverdell Education Savings Contribution |
$2,000 |
|
|
