Archive for Personal

2011 Personal Income Tax Information

Tax Information For 2011
Tax Rates

Married Filing Jointly
Most Single Filers
Tax Rate

$1-$16,750
$16,750-$68,000
$68,000-$137,300
$137,300-$209,250
$209,250-$373,650
Over $373,650
$1-$8,375
$8,375-$34,000
$34,000-$82,400
$82,400-$171,850
$171,850-$373,650
Over $373,650
10%
15%
25%
28%
33%
35%

Standard Deductions

Single
Married Filing Jointly (MFJ)
Married Filing Separate (MFS)
Head of Household (HOH)
Qualifying Widow(er) (QW)
$5,800
$11,600
$5,800
$8,500
$11,600
 

Age 65 or older an additional $1,100 for MFJ, MFS, and QW, and an additional $1,400 for Single and HOH.
Personal and Dependent Deduction
$3,700
Annual Gift Tax Exclusion
$13,000
$26,000 Married Individuals
Traditional and Roth IRA [...]

Deduct Some Job Seeking Expenses

Benefits for Job Seekers
If you are searching for a new job, you may be able to deduct some of the expenses on your tax return. 
The following will help you determine if you can deduct costs associated with your job search:
- The expenses must be spent on a job search in your current occupation.  Expenses incurred [...]

Recently Married Bradenton Taxpayers

If you got married during the tax year or plan to, there are a few things you should do to avoid problems at tax time.  If you are a newlywed, here are a few things to keep in mind:
- Report any name changes to the Social Security Administration so your name and social security number [...]

• IRS Enrolled Agent