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Charles F. Morgan, CPA, P.C.31 Old Etna Road
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Tax CenterDue Dates Retention-Guide Tax Rates
Tax TipsFor Individuals For Businesses Tax Financial |
| Rates By Year | |||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
2012 Tax Rates
| $0 | $8,700 | 10% of the taxable amount |
| $8,700 | $35,350 | $870 plus 15% of the amount over $8,700 |
| $35,350 | $86,650 | $4,867.50 plus 25% of the amount over $35,350 |
| $86,650 | $178,650 | $17,442.50 plus 28% of the amount over $86,650 |
| $178,650 | $388,350 | $43,482.50 plus 33% of the amount over $178,650 |
| $388,350 | no limit | $112,683.50 plus 35% of the amount over $388,350 |
| $0 | $17,400 | 10% of the taxable amount |
| $17,400 | $70,700 | $1,740 plus 15% of the amount over $17,400 |
| $70,700 | $142,700 | $9,735 plus 25% of the amount over $70,700 |
| $142,700 | $217,450 | $27,735 plus 28% of the amount over $142,700 |
| $217,450 | $388,350 | $48,665 plus 33% of the amount over $217,450 |
| $388,350 | no limit | $105,062 plus 35% of the amount over $388,350 |
| $0 | $8,700 | 10% of the taxable amount |
| $8,700 | $35,350 | $870 plus 15% of the amount over $8,700 |
| $35,350 | $71,350 | $4,867.50 plus 25% of the amount over $35,350 |
| $71,350 | $108,725 | $13,867.50 plus 28% of the amount over $71,350 |
| $108,725 | $194,175 | $22,332.50 plus 33% of the amount over $108,725 |
| $194,175 | no limit | $52,531 plus 35% of the amount over $194,175 |
| $0 | $12,400 | 10% of the taxable amount |
| $12,400 | $47,350 | $1,240 plus 15% of the amount over $12,400 |
| $47,350 | $122,300 | $6,482.50 plus 25% of the amount over $47,350 |
| $122,300 | $198,050 | $25,220 plus 28% of the amount over $122,300 |
| $198,050 | $388,350 | $46,430 plus 33% of the amount over $198,050 |
| $388,350 | no limit | $109,229 plus 35% of the amount over $388,350 |
| $0 | $2,400 | 15% of the taxable amount |
| $2,400 | $5,600 | $360 plus 25% of the amount over $2,400 |
| $5,600 | $8,500 | $1,160 plus 28% of the amount over $5,600 |
| $8,500 | $11,650 | $1,972 plus 33% of the amount over $8,500 |
| $11,650 | no limit | $3,011.50 plus 35% of the amount over $11,650 |
| Base Salary | $110,100 |
| Social Security Tax Rate | 4.2% |
| Maximum Social Security Tax | $4,624.20 |
| Medicare Base Salary | Unlimited |
| Medicare Tax Rate | 1.45% |
| American Opportunity Tax Credit | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
| Personal Exemption | $3,800 |
| Business Equipment Expense Deduction: Used | $125,000 |
| Business Equipment Expense Deduction: New | $2,000,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2011 tax liability |
| Standard mileage rate for business driving | 55.5 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 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 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 |
| Rates By Year | |||||||||
| 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
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Securities offered through Securities America, Inc. Member
FINRA/SIPC
Charles F. Morgan, CPA, Registered Representative Advisory Services offered through Securities America Advisors, Inc., Charles F. Morgan, CPA, Registered Representative The Charles F. Morgan, CPA Firm and Securities America companies are not affiliated. Tax services provided by Charles F. Morgan, CPA Firm. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. This site is published for residents of the United States and is for informational purposes only and does not constitue an offer to sell or a solicitation of an offer to buy any security or product that may be referenced herein. Persons mentioned on this website may only offer services and transact business and/or respond to inquiries in the states or jurisdictions in which they have been properly registered or are exempt from registration. Not all products and services referenced on this site are available in every state, jurisdiction or from every preson listed. Securities offered through Securities America, Inc., a registered broker / dealer; member FINRA/ SIPC, Charles Morgan, Registered Representatives and Advisory services offered through Securities America Advisors, Inc. an SEC registered investment advisory firm, Charles Morgan, Investment Advisor Representatives. New England Wealth Advisors, 255 Daniel Webster Highway, Merrimack, NH 03054-4807 Phone: 603-429-0968. The Charles F. Morgan, CPA Firm and the Securities America companies are not affiliated. |