APPENDIX G: PROVIDED TAX TABLES
|
|
- Gertrude French
- 6 years ago
- Views:
Transcription
1 APPENDIX G: PROVIDED TAX TABLES The tax tables and limits below are provided to individuals taking the March 2018 CFP Certification Examination. Exam Window Tax Rates, Tables, & Law Tested July November March INCOME TAX RATES 2017 SINGLE INDIVIDUALS $0 9,325 $0 10% $0 9,325 37, % 9,325 37,950 91,900 5, % 37,950 91, ,650 18, % 91, , ,700 46, % 191, , , , % 416, , , % 418, MARRIED INDIVIDUALS FILING JOINTLY AND SURVIVING SPOUSES $0 18,650 $0 10% $0 18,650 75,900 1, % 18,650 75, ,100 10, % 75, , ,350 29, % 153, , ,700 52, % 233, , , , % 416, , , % 470,700 1
2 2017 MARRIED INDIVIDUALS FILING SEPARATELY $0 9,325 $0 10% $0 9,325 37, % 9,325 37,950 76,550 5, % 37,950 76, ,675 14, % 76, , ,350 26, % 116, , ,350 56, % 208, , , % 235, HEADS OF HOUSEHOLDS $0 13,350 $0 10% $0 13,350 50,800 1, % 13,350 50, ,200 6, % 50, , ,500 27, % 131, , ,700 49, % 212, , , , % 416, , , % 444, NET INVESTMENT INCOME TAX The net investment income tax is applied at a rate of 3.8%. Individuals Applied to the lesser of: the net investment income, or the excess of modified adjusted gross income over the following threshold amounts: $250,000 for married filing jointly or qualifying widow(er) with dependent child $125,000 for married filing separately $200,000 in all other cases Estates & Trusts Applied to the lesser of: the undistributed net investment income, or the excess of: the adjusted gross income over $12,500 2
3 2017 ADDITIONAL MEDICARE TAX The additional Medicare tax is applied at a rate of 0.9%. Filing Status Threshold Amount Married filing jointly $250,000 Married filing separately $125,000 Single, Head of household, or Qualifying widow(er) $200, LONG-TERM CAPITAL GAINS RATES Maximum Long-Term Capital Gain Tax Rate Taxpayers in the 10% or 15% ordinary income tax bracket 0% Taxpayers in the 25%, 28%, 33%, or 35% ordinary income tax bracket 15% Taxpayers in the 39.6% ordinary income tax bracket 20% IRC Section 1250 depreciation recapture 25% Collectibles 28% 2017 CORPORATE INCOME TAX RATES $0 50,000 $0 15% $0 50,000 75,000 7,500 25% 50,000 75, ,000 13,750 34% 75, , ,000 22,250 39% 100, ,000 10,000, ,900 34% 335,000 10,000,000 15,000,000 3,400,000 35% 10,000,000 15,000,000 18,333,333 5,150,000 38% 15,000,000 18,333, ,416,667 35% ESTATES AND NON-GRANTOR TRUSTS INCOME TAX RATES $0 2,550 $0 15% $0 2,550 6, % 2,550 6,000 9,150 1, % 6,000 9,150 12,500 2, % 9,150 12, , % 12,500 3
4 2017 STANDARD DEDUCTIONS & PERSONAL EXEMPTION Standard Deduction*: Single $6,350 Married filing jointly/ Qualifying widow 12,700 Married filing separately 6,350 Head of household 9,350 Dependent $1,050 ** * increased by: $1,250 for a married taxpayer age 65 or older or blind ($2,500 if both 65 and blind); $1,550 for a single taxpayer age 65 or older or blind ($3,100 if both 65 and blind). ** or $350 plus earned income, if greater. Personal Exemption: $4,050 4
5 2017 RETIREMENT PLAN CONTRIBUTION LIMITS & PHASE-OUTS Elective deferrals 401(k), 403(b), 457, and SARSEPS $18,000 Catch - up contribution $6,000 Defined contribution limit $54,000 Defined benefit limit $215,000 SIMPLE plan elective deferral limit $12,500 SIMPLE catch-up contribution $3,000 Maximum includible compensation $270,000 Highly compensated employee Look-back to 2015 $120,000 Look-back to 2016 $120,000 Key employee (top-heavy plan) greater than $175,000 SEP participation limit $600 IRA or Roth IRA contribution limit $5,500 IRA or Roth IRA catch-up contribution $1,000 IRA deduction phaseout for active participants Single individuals $62,000 $72,000 Married individuals filing jointly $99,000 $119,000 Married individuals filing separately $0 $10,000 Spousal IRA $186,000 $196,000 Roth IRA phaseout Single $118,000 $133,000 Married filing jointly $186,000 $196,000 5
6 2017 ESTATE AND GIFT TAX RATES & EXEMPTIONS Applicable credit for gift/estate taxes $2,141,800 Applicable exclusion amount $5,490,000 Maximum Estate/Gift Tax Rate 40% Maximum Generation-Skipping Transfer Tax (GSTT) Rate 40% Maximum annual gift tax exclusion $14, SOCIAL SECURITY WAGE BASE & EARNINGS LIMITS Wage base $127,200 Earnings limitations: Below Full Retirement Age $16,920 Year attaining Full Retirement Age $44,880 Year of Birth 2017 SOCIAL SECURITY FULL RETIREMENT AGES Social Security Full Retirement Age and 2 months and 4 months and 8 months and 10 months 1960 and later 67 *Note: If your birthday is on January 1st, your benefits are determined as if your birthday was in the previous year. 6
7 2017 HEALTH SAVINGS ACCOUNT LIMITS High-Deductible Health Plan Minimum Deductible Amounts Single $1,300 Family $2,600 High-Deductible Health Plan Maximum Out-of-Pocket Limits Single $6,550 Family $13,100 Health Savings Account Contribution Maximums Single $3,400 Family $6,750 Catch-Up Contributions (age 55 or older) $1, EDUCATION PHASE OUTS EE bonds for education - exclusion phase outs Single $78,150 $93,150 Married filing jointly $117,250 $147,250 Coverdell Education Savings Account - contribution phase outs Single $95,000 $110,000 Married filing jointly $190,000 $220,000 Lifetime Learning Credit - AGI phase outs Single $56,000 $66,000 Married filing jointly $112,000 $132,000 American Opportunity Tax credit - AGI phase outs Single $80,000 $90,000 Married filing jointly $160,000 $180,000 Education loan interest deduction - AGI phase outs Single $65,000 $80,000 Married filing jointly $135,000 $165,000 7
8 2017 ALTERNATIVE MINIMUM TAX (AMT) EXEMPTIONS, PHASE OUTS & RATES Filing Status Exemption AMTI Phase Out Single individuals $54,300 $120,700 Married individuals filing jointly $84,500 $160,900 Married individuals filing separately $42,250 $80,450 Trusts and estates $24,100 $80, AMT RATES MFJ or Single - AMTI up to $187,800 26% MFJ or Single - AMTI over $187,800 28% MFS - AMTI up to $93,900 26% MFS - AMTI over $93,900 28% 2017 CHILD TAX CREDIT Modified AGI Beginning Phase-Out Range for Child Tax Credit Married Filing Jointly $110,000 Single/Head of Household $75,000 Married Filing Separately $55,000 Phase-out complete when MAGI exceeds applicable threshold by $20,000 per child 8
APPENDIX G: PROVIDED TAX TABLES
APPENDIX G: PROVIDED TAX TABLES The tax tables and limits below are provided to individuals taking the November 2018 CFP Certification Examination. EXAM WINDOW TAX RATES, TABLES, & LAW TESTED November
More information2016 vs Key Facts and Figures
2016 vs. 2017 Key Facts and Figures Keir Educational Resources compiled the following key facts and figures for the CFP Certification Examination to assist you with your preparation for this comprehensive
More information2007 AND 2008 INFLATION-ADJUSTED TAX RATES
2007 AND 2008 INFLATION-ADJUSTED TAX RATES STANDARD DEDUCTION Filing Status Single $5,350 $5,450 Married, filing jointly/ss $10,700 $10,900 Head of household $7,850 $8,000 Married, filing separately $5,350
More information2017 vs Key Facts and Figures
2017 vs. 2018 Key Facts and Figures Note: We highlighted the information that changed between 2017 and 2018 with a box. * 2018 numbers are based on the Tax Cuts and Jobs Act (TCJA) of 2017. (Note: the
More informationTax Inflation Numbers 2018 & 2019
Tax Inflation Numbers 2018 & 2019 Standard Deduction Filing Status Single 12,000 12,200 MFJ/QW 24,000 24,400 HOH 18,000 18,350 MFS 12,000 12,200 Additional Standard Deduction (Age 65 or older or Blind)
More informationTax Inflation Numbers 2017 & 2018
Tax Inflation Numbers 2017 & 2018 Standard Deduction Filing Status Single 6,350 12,000 MFJ/QW 12,700 24,000 HOH 9,350 18,000 MFS 6,350 12,000 Additional Standard Deduction (Age 65 or older or Blind) Filing
More informationWEALTH MANAGEMENT 2016 FINANCIAL PLANNING LIMITS AND TAX RATE SCHEDULES
WEALTH MANAGEMENT 2016 FINANCIAL PLANNING LIMITS AND TAX RATE SCHEDULES Building success together. One advisor at a time. Addressing the complexities of financial planning with your most valuable clients
More informationFINANCIAL PLANNING LIMITS AND TAX RATE SCHEDULES
Labs: Wealth Management FINANCIAL PLANNING LIMITS AND TAX RATE SCHEDULES Introduction Addressing the complexities of financial planning with your most valuable clients can be difficult. To help, Janus
More informationKey Numbers 2017 Presented by Nancy LaPointe
Key Numbers 2017 Presented by Nancy LaPointe Individual Income Tax Unmarried Individuals (other than Surviving Spouses and Heads of Household) $9,325 or less 10% of taxable income Over $9,325 to $37,950
More informationKey Numbers for 2018 (Revised for the Tax Cuts and Jobs Act) Presented by David Fedor
Key Numbers for 2018 (Revised for the Tax Cuts and Jobs Act) Presented by David Fedor Individual Income Tax Unmarried Individual (Other than Surviving Spouse and Head of Household) The tax rate of taxable
More informationTax Facts for Individuals 2017
2017 Tax Rates Tax Facts for Individuals 2017 Tax Rate--Single Taxpayers--2017 $ 0 $ 9,325 $ 0.00 10 $ 0 9,325 37,950 932.50 15 9,325 37,950 91,900 5,226.25 25 37,950 91,900 191,650 18,713.75 28 91,900
More informationQuick Reference Charts
Quick Reference Charts Revised 03-01-18 QRC - 1 Table of Contents Federal Tax Information... 3 Federal AGI Phase-Out Ranges... 6 Retirement Plans, IRAs & Employee Benefits... 7 QRC - 2 Beginning of 15*/12%
More informationQuick Reference Charts
Quick Reference Charts Revised 04-15-16 QRC - 1 Table of Contents Federal Tax Information... 3 Federal AGI Phase-Out Ranges... 5 Retirement Plans, IRAs & Employee Benefits... 7 QRC - 2 Federal Tax Information
More informationKEY NUMBERS 2018 (REVISED FOR THE TAX CUTS AND JOBS ACT)
KEY NUMBERS 2018 (REVISED FOR THE TAX CUTS AND JOBS ACT) Individual Income Tax Unmarried Individual (Other than Surviving Spouse and Head of Household)* $0 $9,525 10% $9,525 $38,700 12% $38,700 $82,500
More informationTOOLS AND TECHNIQUES OF INCOME TAX PLANNING 3 RD EDITION
TOOLS AND TECHNIQUES OF INCOME TAX PLANNING 3 RD EDITION 2012 Supplement Chapter 2 p. 11 In 2012 the income threshold for married person filing jointly is $19,500 (if one spouse is blind or elderly 20,650;
More information2019 Federal Tax Information
IRS 2019 Federal Tax Information A reference guide for individuals This guide includes the Internal Revenue Service (IRS) declared tax rate schedules, tax tables and cost of living adjustments for certain
More information2013 TAX AND FINANCIAL PLANNING TABLES. An overview of important changes, rates, rules and deadlines to assist your 2013 tax planning.
2013 TAX AND FINANCIAL PLANNING TABLES An overview of important changes, rates, rules and deadlines to assist your 2013 tax planning. WHAT YOU WILL SEE IN THIS BROCHURE 2013 Income Tax Changes Tax Rates
More information2017 Federal Tax Information
2017 Federal Tax Information This guide includes the Internal Revenue Service (IRS) declared tax rate schedules, tax tables and cost of living adjustments for certain tax items and provisions. Federal
More informationplanning tables Investment and Insurance Products: NOT FDIC Insured NO Bank Guarantee MAY Lose Value
2019 tax planning tables Investment and Insurance Products: NOT FDIC Insured NO Bank Guarantee MAY Lose Value 2019 important deadlines Last day to January 15 Pay fourth-quarter 2018 federal individual
More information2017 Tax Planning Tables
2017 Tax Planning Tables 2017 Important Deadlines Last day to January 17 Pay fourth-quarter 2016 federal individual estimated income tax January 25 Buy in to close a short-against-the-box position (regular-way
More information2016 Tax Planning Tables
2016 Tax Planning Tables 2016 Important Deadlines Last day to January 15 Pay fourth-quarter 2015 federal individual estimated income tax January 26 Buy in to close a short-against-the-box position (regular-way
More informationPortland Harbor Group of Raymond James January 08, 2018
Portland Harbor Group of Raymond James Claire Cooney, CFP Financial Planning Associate Two Portland Square Suite 701 Portland, ME 04101 207-771-1815 claire.cooney@raymondjames.com www.portlandharborgroup.com
More informatione4 Brokerage, LLC th St. South Suite C Fargo, ND
e4 Brokerage, LLC 2280 45th St. South Suite C Fargo, ND 58104 701-356-1270 866-356-3203 sbergee@e4brokerage.com www.e4brokerage.com 2017 Tax Facts Guide 1/01/2017 Page 1 of 28, see disclaimer on final
More information810 Quincy St. 123 E. Jackson St. #2 (605) (605) Mt. Rushmore Rd. 305 S. Garner Lake Rd., Ste A (605) (307)
2018 2019 Tax Guide Rapid City, SD Spearfish, SD 810 Quincy St. 123 E. Jackson St. #2 (605) 342-5630 (605) 642-7676 Custer, SD Gillette, WY 609 Mt. Rushmore Rd. 305 S. Garner Lake Rd., Ste A (605) 673-3220
More information2018 tax planning tables
2018 tax planning tables Investment and Insurance Products: NOT FDIC Insured NO Bank Guarantee MAY Lose Value 2018 important deadlines Last day to January 16 Pay fourth-quarter 2017 federal individual
More informationSK Wealth Management, LLC November 18, 2014
SK Wealth Management, LLC Jason Archambault, CFP, CPA/PFS Managing Member 55 Dorrance Street Providence, RI 02903 401-331-1575 jarchambault@skwealth.com http://skwealth.com 2015 Key Numbers SKWealth clients
More information2017 tax planning tables
217 tax planning tables 217 important deadlines Last day to... January 31 Issue 199 to service providers, issue paper/e-filing of 199 s to IRS March 15 Establish and fund SEP plans for corporations for
More informationWailea Capital Group October 14, 2006
Laurence Balter, AAMS, Principal 3356 W Lani Ikena Way Wailea, HI 96753 Maui 808-875-6555 Oahu 808-531-6555 waileacapital@lpl.com www.waileacapital.com 2006 Key Numbers Page 2 Individual Income Tax Planning
More informationCannon Financial Institute February 18, 2015
Cannon Financial Institute Duane E. Lee, II, CFP CWS, AIFA, CTFA, CRSP Executive Vice President 649-4 South Milledge Ave. Athens, GA 30604 706-353-3346 dlee@cannonfinancial.com www.cannonfinancial.com
More informationQuick Reference Tax Guide
Tax numbers to know Hard to think about taxes? We make it easier. Taxable income. Capital gains. Education savings. Retirement planning. They re all different. Which means when it comes to taxes, there
More informationComprehensive Key Numbers
Cannon Financial Institute Duane E. Lee, II, CFP CWS, AIFA, CTFA, CRSP Executive Vice President 1315 Eakin Creek Cr. Huntley, IL 60142 224-858-4878 dlee@cannonfinancial.com www.cannonfinancial.com Comprehensive
More informationTax Facts At-A-Glance
2017 Tax Facts At-A-Glance 2 Tax Facts At-A-Glance Income Taxes 2016 2017 Married Filing Jointly: Over Not Over $0 $18,550 $0 + 10% $0 18,550 75,300 1,855 + 15% 18,550 75,300 151,900 10,367.50 + 25% 75,300
More informationIndividual Income Tax Planning
18401 Murdock Circle Suite B Port Charlotte, FL 33948 941-627-4774 linda.cross@raymondjames.com www.raymondjames.com/sommervillegroup 2012 Key Numbers June 2012 Individual Income Tax Planning Adoption
More informationBURKHART & COMPANY, P.C. 900 S. GAY ST, STE KNOXVILLE, TN PHONE FAX Certified Public Accountants
2017 FEDERAL TAX RATES BURKHART & COMPANY, P.C. Certified Public Accountants 900 S. GAY ST, STE. 1900 KNOXVILLE, TN 37902 PHONE 865.523.7400 FAX 865.637.7239 WWW.BURKHARTCPA.COM INDIVIDUAL INCOME TAX RATES
More informationTax Cuts and Jobs Act: Prepared by Broadridge Investor Communication Solutions, Inc.
Tax Cuts and Jobs Act: Prepared by Broadridge Investor Communication Solutions, Inc. Consult your tax advisor to see if you should address strategies by year end. The Tax Cuts and Jobs Act legislation
More informationTAX FACTS AND TABLES at a glance
TAX FACTS AND TABLES 2013 at a glance Are you making smart investment decisions that can help Reduce your taxes The first step in reducing the amount of tax you pay on your investments is to get the facts.
More informationThe Commerce Company 5440 Southwest Westgate Drive Suite 110 Portland, OR thecommco.
The Commerce Company 5440 Southwest Westgate Drive Suite 110 Portland, OR 97221 503-203-8585 onlineresources@thecommco.com thecommco.com 2018 Key Numbers June 14, 2018 Individual Income Tax Planning Adoption
More information901 East Cary Street, Suite 1100, Richmond, VA
2017 Tax Planning & Reference Guide The 2017 Tax Planning & Reference Guide is designed as a reference and is not intended to function as tax advice. Please consult your professional accounting advisor
More information2018 Tax Planning & Reference Guide
2018 Tax Planning & Reference Guide The 2018 Tax Planning & Reference Guide is designed to be a reference only and is not intended to provide tax advice. Please consult your professional tax advisor prior
More information2018 pocket tax tables
2018 pocket tax tables Table of Contents Federal income tax rates Standard deductions Dividends and capital gains AMT exemption amounts IRA and pension plan limits Gift and estate tax Social security Education
More informationThe Financial Advisors, LLC January 02, 2019
The Financial Advisors, LLC Louis Bonasera, CPA, PFS, MST CPA Financial Planner 40R Merrimac Street Newburyport, MA 01950-3065 978-857-7315 xx 303 lou@the-financial-advisors.com www.the-financial-advisors.com
More informationCannon Financial Institute Prepared for: December 18, 2018
Cannon Financial Institute Duane Lee Duane E. Lee, II, CFP CWS, AIFA, CTFA, CRSP Executive Vice President 13156 Eakin Creek Court Huntley, IL 60142 224-858-4878 duanelee@charter.net www.cannonfinancial.com
More informationTax Cuts and Jobs Act
Tax Cuts and Jobs Act The Tax Cuts and Jobs Act legislation has been passed by Congress and awaits the president's signature. The Act makes extensive changes that affect both individuals and businesses.
More informatione-pocket TAX TABLES 2014 and 2015 Quick Links:
e-pocket TAX TABLES 2014 and 2015 Quick Links: 2014 Income and Payroll Tax Rates 2015 Income and Payroll Tax Rates Corporate Tax Rates Alternative Minimum Tax Kiddie Tax Income Taxation of Social Security
More informatione-pocket TAX TABLES 2017 and 2018 Quick Links: 2017 Income and Payroll Tax Rates 2018 Income and Payroll Tax Rates Corporate Tax Rates
e-pocket TAX TABLES 2017 and 2018 Quick Links: 2017 Income and Payroll Tax Rates 2018 Income and Payroll Tax Rates Corporate Tax Rates Alternative Minimum Tax Kiddie Tax Income Taxation of Social Security
More informatione-pocket TAX TABLES 2016 and 2017 Quick Links: 2016 Income and Payroll Tax Rates 2017 Income and Payroll Tax Rates
e-pocket TAX TABLES 2016 and 2017 Quick Links: 2016 Income and Payroll Tax Rates 2017 Income and Payroll Tax Rates Corporate Tax Rates Alternative Minimum Tax Kiddie Tax Income Taxation of Social Security
More informationTime is running out to make important planning moves before the year s end, so don t delay.
2015 Year-end tax planning Time is running out to make important planning moves before the year s end, so don t delay. The changes in various tax provisions brought about with the 2012 Tax Act continue
More information2011 tax planning tables
2011 tax planning tables 2011 important deadlines Last day to Jan. 18 Pay fourth-quarter 2010 federal individual estimated income tax Jan. 25 Buy in to close a short-against-the-box position (regular-way
More information2017 Fingertip Tax Guide
2017 Fingertip Tax Guide INCOME TAXES 2017 If Taxable Income Is: 1 Married Filing Jointly Estates and Trusts Single $0 $18,650 $0 + 10% $0 $18,650 $75,900 $1,865 + 15% $18,650 $75,900 $153,100 $10,452.50
More informationTax Facts At-A-Glance
2013 Tax Facts At-A-Glance Income Taxes 2012 If Taxable Income is: But Not Of the Over Over The Tax is Amount Over Married Filing Jointly: $ 0 $ 17,400 $ 0 + 10% $ 0 17,400 70,700 1,740 + 15% 17,400 70,700
More information2012 IRA and Tax Planning Reference Guide Use this guide to keep the information you need at your fingertips.
OppenheimerFunds Retirement Services 2012 IRA and Tax Planning Reference Guide Use this guide to keep the information you need at your fingertips. Retirement Plans Annual Limit Traditional IRA Deductibility
More informationTax Facts At-A-Glance
2015 Tax Facts At-A-Glance Income Taxes 2014 If Taxable Income is: But Not Of the Over Over The Tax is Amount Over Married Filing Jointly: $ 0 $ 18,150 $ 0 + 10% $ 0 18,150 73,800 1,815 + 15% 18,150 73,800
More informationTax Facts Quick Reference
Tax Facts Quick Reference 2015 Income Investment Estate Retirement Social Security NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE Income Ordinary Income Tax Rates and Brackets Tax Rate Married, Filing
More information2017 INCOME AND PAYROLL TAX RATES
2017-2018 Tax Tables A quick reference for income, estate and gift tax information QUICK LINKS: 2017 Income and Payroll Tax Rates 2018 Income and Payroll Tax Rates Corporate Tax Rates Alternative Minimum
More informationDavis & associates, p.a. Certified Public Accountants and Consultants
209 FEDERAL TAX RATES Davis & Associates, p.a. Certified Public Accountants and Consultants 97 Washingtonian Boulevard, Suite 550 Gaithersburg, Maryland 20878 Phone: 30.963.6696 Fax: 30.963.6693 www.daviscpas.com
More informatione-pocket TAX TABLES Quick Links: 2017 Income and Payroll Tax Rates 2018 Income and Payroll Tax Rates Corporate Tax Rates Alternative Minimum Tax
e-pocket TAX TABLES Quick Links: 2017 Income and Payroll Tax Rates 2018 Income and Payroll Tax Rates Corporate Tax Rates Alternative Minimum Tax Kiddie Tax Income Taxation of Social Security Benefits Personal
More informationSpecial thanks to: Teresa Schacherer and Brooke Sigler, CPA of Windes, Inc., as well as the FTB, for compiling this information.
FastTaxFacts Welcome to our annual at-a-glance compilation of federal and state tax information. User-friendly tax rate schedules, facts, figures and assorted data make this time-saving section a handy
More information2017 Tax Data Schedules
2017 Tax Data Schedules 2017 Federal 2017 California Standard Deductions Single $ 6,350 $4,236 Married Filing Jointly, Surviving Spouse 12,700 8,458 Married Filing Separately 6,350 4,236 Head of Household
More information2018 TAX AND FINANCIAL PLANNING TABLES
2018 TAX AND FINANCIAL PLANNING TABLES An overview of important changes, rates, rules and deadlines to assist your 2018 tax planning What you will see in this brochure Important Deadlines 2018 Income Tax
More informationTAX FACTS. and Tables 2017 AT A GLANCE
TAX FACTS and Tables 2017 AT A GLANCE Are you making smart financial decisions that can help reduce your taxes The first step in reducing the amount of tax you pay on your savings and personal finances
More informationRevised through March 1, 2016
Pocket Tax Tables Revised through March, 206 POCKET TAX TABLES Revised through March, 206 Although care was taken to make these Pocket Tax Tables an accurate, handy reference, they should not be relied
More informationRevised through March 1, 2018
Pocket Tax Tables Revised through March 1, 2018 SELECTIVE TAX RETURN DUE DATES September 17, 2018 October 1, 2018 October 15, 2018 January 15, 2019 April 15, 2019 Third estimated installment. 2017 1041s
More informationAmerican Taxpayer Relief Act of 2012 Workshop
American Taxpayer Relief Act of 2012 Workshop John Kilroy, CPA, CFP May 14, 2013 Agenda Estate, Gift and GST provisions Individual Income Tax provisions Trust and Estate Income Tax provisions Business
More informationCharge ahead. Plan now. 2015/2016 RETIREMENT AND TAX PLANNING ESSENTIALS
Charge ahead. Plan now. 2015/2016 RETIREMENT AND TAX PLANNING ESSENTIALS 2015/2016 Retirement and Tax Planning Essentials Guide Your clients rely on your expertise to help them invest well, and to keep
More informationKey 2019 Individual Tax Items as Calculated Based on Inflation Data
Key 2019 Individual Tax Items as Calculated Based on Inflation Data The income tax brackets, standard deduction amounts, and many other tax items are adjusted annually for cost-of-living increases. These
More informationFederal Tax Rates BURKHART & COMPANY, P.C. 900 S. GAY ST, STE KNOXVILLE, TN PHONE FAX
208 Federal Tax Rates BURKHART & COMPANY, P.C. Certified Public Accountants 900 S. GAY ST, STE. 900 KNOXVILLE, TN 37902 PHONE 865.523.7400 FAX 865.637.7239 WWW.BURKHARTCPA.COM INDIVIDUAL INCOME TAX RATES
More informationYear-End Tax Planning Summary December 2015
Year-End Tax Planning Summary December 2015 Overview Thanks to the continued political gridlock in Washington, 2015 did not see comprehensive tax reform. However, on December 18th, Congress passed the
More informationNumbers, numbers, numbers 2017 and 2018 (revised)
Private Clients law ALERT Nixon Peabody LLP Numbers, numbers, numbers 2017 and 2018 (revised) January 24, 2018 By Deborah L. Anderson and Mary M. Paul, EA The following list contains some of the number
More informationTAX FACTS. and Tables 2018 AT A GLANCE
TAX FACTS and Tables 2018 AT A GLANCE Are you making smart financial decisions that can help reduce your taxes The first step in reducing the amount of tax you pay on your savings and personal finances
More informationTAX FACTS. and Tables 2018 AT A GLANCE
TAX FACTS and Tables 2018 AT A GLANCE Are you making smart financial decisions that can help reduce your taxes The first step in reducing the amount of tax you pay on your savings and personal finances
More informationSummary of Tax Rates, Tables & Often Used Items
washburnlaw.edu/waltr Article 2016-018 November 14, 2016 Summary of Tax Rates, Tables & Often Used Items Roger A. McEowen Kansas Farm Bureau Professor of Agricultural Law and Taxation Washburn University
More informationTax Season Reference Guide. Tool for preparing 2017 tax returns
Tax Season Reference Guide Tool for preparing tax returns Quick Reference Guide A tool for preparing returns At the close of every year, NATP s Tax Knowledge Center pulls together a list of common facts
More informationWHAT S NEW IN TAXES FOR 2016 by Robert D Flach, the internet s Wandering Tax Pro
WHAT S NEW IN TAXES FOR 2016 by Robert D Flach, the internet s Wandering Tax Pro Here is the inflation-adjusted and COLA numbers for tax year 2016. Many items have not changed from 2015 - THE STANDARD
More information466 CHAPTER 9: IRAS AND SEPS
After reading this chapter, you should be able to: 1. Contrast the characteristics of IRAs with qualified plans. 2. Explain the impact of compounding on the ending value of an IRA account after years of
More informationWhat the New Tax Laws Mean to You
What the New Tax Laws Mean to You The American Taxpayer Relief Act of 2012 and other 2013 tax provisions January 2013 White Paper AN OVERVIEW OF THE AMERICAN TAXPAYER RELIEF ACT OF 2012 AND OTHER 2013
More informationInternational Tax Consultants
International Tax Consultants Dear Tax Client: Enclosed you will find your new Tax Organizer for 2017. Please make sure your organizer is complete and all requested material is provided. Only complete
More informationYear-End Tax Planning Summary December 2018
Year-End Tax Planning Summary December 2018 Overview Tax planning at year-end always presents opportunities, especially in a year that involves significant new tax legislation. This memorandum outlines
More informationTOOLS AND TECHNIQUES OF EMPLOYEE BENEFIT AND RETIREMENT PLANNING 12 TH EDITION
TOOLS AND TECHNIQUES OF EMPLOYEE BENEFIT AND RETIREMENT PLANNING 12 TH EDITION 2012 Supplement Chapter 1 pp. 4, 11-12 In 2012 the contribution limit for a 401(k) participant is $17,000. Catch-up contributions
More informationOVERVIEW OF THE FEDERAL TAX SYSTEM AS IN EFFECT FOR 2013
OVERVIEW OF THE FEDERAL TAX SYSTEM AS IN EFFECT FOR 2013 Prepared by the Staff of the JOINT COMMITTEE ON TAXATION January 8, 2013 JCX-2-13R I. SUMMARY OF PRESENT-LAW FEDERAL TAX SYSTEM A. Individual Income
More information2014 Farm Income Tax School
2014 Farm Income Tax School SUMMARY OF TAX RATES, TABLES & OFTEN USED ITEMS ADDITIONAL MATERIALS By: A. David Bibler Lee E. Wilmarth James L. Goodman FEDERAL INCOME TAX INFORMATION FOR 2014 RETURNS PREPARED
More informationYear-End Tax Tips for Individuals
Year-End Tax Tips for Individuals New tax legislation has brought greater certainty to year-end planning, but also created new challenges. There is still time to set up an appointment for year-end planning.
More informationYOUR GUIDE TO IDENTIFYING YOUR TAX RETURN OPPORTUNITIES
YOUR GUIDE TO IDENTIFYING YOUR TAX RETURN OPPORTUNITIES 2 At Transamerica, we re committed to providing you with the tools and information you need to make the right financial decisions. IRS Form 1040
More informationFederal Income Tax Quick Reference
Federal Income Tax Quick Reference In alphabetical order Alimony For divorce decrees entered into after December 31, 2018, alimony will not be taxable income for the recipient and alimony will not be deduction
More informationQuick Reference Guide
Quick Reference Guide A tool for preparing returns At the close of every year, NATP s Tax Knowledge Center pulls together a list of common facts and figures based on current law that tax professionals
More informationTOOLS AND TECHNIQUES OF ESTATE PLANNING 15 TH EDITION
TOOLS AND TECHNIQUES OF ESTATE PLANNING 15 TH EDITION 2012 Supplement p. ix. In 2012 the estate, gift, and generation-skipping tax exemption amount is $5,120,000. Chapter 1 pp. 2-3, 6. In 2012 the estate
More informationTAX CUT AND JOBS ACT OF INDIVIDUAL PROPOSALS
Reduction of rates Married Filing Joint () (Surviving Spouse) $0 90,000 $91,000 260,000 $260,001 1,000,000 Over $1,000,000 $0 45,000 $45,001 130,000 $130,001 500,000 Over $500,000 Head of Household ()
More informationYear End Tax Planning for Individuals
Year End Tax Planning for Individuals December 2015 To Our Clients and Friends: Every individual can develop a year-end tax planning strategy that reflects his or her situation. Our office can help you
More informationTAX RATES AND USEFUL TABLES
TAX RATES AND USEFUL TABLES 14 Land Grant University Tax Education Foundation Tax Rates.......................... 562 Automobiles, Trucks, and Vans....................... 567 Business Expense Limits..............
More informationHere are the numbers for :
Page 1 of 8 Here are the numbers for 2016-2017: 1) FICA & Self Employment taxes are comprised of two components: a) Social Security (OASDI) Maximum Earnings Subject $ 118,500 $ 127,200 Tax Rate (Employee)
More information2018 Year-End Tax Planning for Individuals
2018 Year-End Tax Planning for Individuals There is still time to reduce your 2018 tax bill and plan ahead for 2019 if you act soon. This letter highlights several potential tax-saving opportunities for
More informationNavigating the Complexities of Tax Simplification PART 1 TAX CUTS & JOBS ACT (TCJA)
Navigating the Complexities of Tax Simplification PART 1 TAX CUTS & JOBS ACT (TCJA) 2 1 2 1 TCJA BACKGROUND An act to provide for reconciliation pursuant to titles II and V of the concurrent resolution
More information10% $0 9,325 10% $0 9,525 15% 9,326 37,950 12% 9,526 38,700 25% 37,951 91,900 22% 38,701 82,500 28% 91, ,650 24% 82, ,500
INDIVIDUAL TAX RATES Status Rate* Bracket Rate* Bracket 10% $0 9,325 10% $0 9,525 15% 9,326 37,950 12% 9,526 38,700 25% 37,951 91,900 22% 38,701 82,500 Single 28% 91,901 191,650 24% 82,501 157,500 33%
More informationFederal Income Tax Changes 2018
Federal Income Tax Changes 2018 i Copyright 2018 by 1040 Education LLC ALL RIGHTS RESERVED. NO PART OF THIS COURSE MAY BE REPRODUCED IN ANY FORM OR BY ANY MEANS WITHOUT THE WRITTEN PERMISSION OF THE COPYRIGHT
More information2018 Year-End Tax Reminders
2018 Year-End Tax Reminders Family Office Resources Income Tax Beginning in 2018, the standard deduction for single filers is $12,000 (up from $6,500 in 2017) and $24,000 for married taxpayers who file
More information2018 tax planning guide
Advanced Planning 2018 tax planning guide We are committed to helping you confirm that your current and future tax strategy supports your larger financial goals. Advice. Beyond investing. Your financial
More informationTax Cuts and Jobs Act. Durham Chamber of Commerce Public Policy Meeting January 9, 2018
Tax Cuts and Jobs Act Durham Chamber of Commerce Public Policy Meeting January 9, 2018 Tax Cuts in Billions Corporate/Business ($653) S-Corps/Partnership/Sole Proprietor ($414) International Tax Changes
More informationREG-1 [2016 vs. 2015]
Miles CPA Review: REG - 2016 Updates Note: Most of the changes in REG have been for the inflation-indexed $ which are generally not tested on the exams (and there s no need to memorize). Further, the exams
More informationLAST CHANCE 2017 INCOME TAX MINIMIZATION TIPS
LAST CHANCE 2017 INCOME TAX MINIMIZATION TIPS Presented by: James J. Holtzman, CFP Wealth Advisor and Shareholder with Legend Financial Advisors, Inc. JAMES J. HOLTZMAN, CFP James J. Holtzman, CFP, is
More information10% $0 9,525 10% $0 9,700 12% 9,526 38,700 12% 9,701 39,475 22% 38,701 82,500 22% 39,476 84,200 24% 82, ,500 24% 84, ,725
INDIVIDUAL TAX RATES Status Rate* Bracket Rate* Bracket 10% $0 9,525 10% $0 9,700 12% 9,526 38,700 12% 9,701 39,475 22% 38,701 82,500 22% 39,476 84,200 Single 24% 82,501 157,500 24% 84,201 160,725 32%
More informationAg Income Tax Update for Farm Families
2006-07 Ag Income Tax Update for Farm Families Prepared by: C. Robert Holcomb, EA, Regional Extension Educator Gary A. Hachfeld, Regional Extension Educators Updated 6/2007 Introduction: For the 2006 and
More information