| Tax Facts | ||||||||||||||||||||||||||||||||||||||||||
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| General | ||||||||||||||||||||||||||||||||||||||||||
| Filing Due Dates | ||||||||||||||||||||||||||||||||||||||||||
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| Filing Status | ||||||||||||||||||||||||||||||||||||||||||
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| Filing Requirements | ||||||||||||||||||||||||||||||||||||||||||
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| Standard Deductions | ||||||||||||||||||||||||||||||||||||||||||
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| Personal Exemptions | ||||||||||||||||||||||||||||||||||||||||||
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| Earned Income Credit | ||||||||||||||||||||||||||||||||||||||||||
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| Standard Mileage Rates | ||||||||||||||||||||||||||||||||||||||||||
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| Travel Expenses | ||||||||||||||||||||||||||||||||||||||||||
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| Foreign Earned Income Exclusion | ||||||||||||||||||||||||||||||||||||||||||
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| Casualty and Theft Loss Rules | ||||||||||||||||||||||||||||||||||||||||||
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| Charitable Contributions | ||||||||||||||||||||||||||||||||||||||||||
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| Deductibility of Taxes | ||||||||||||||||||||||||||||||||||||||||||
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| Home Mortgage Interest | ||||||||||||||||||||||||||||||||||||||||||
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| Medical and Dental Expenses | ||||||||||||||||||||||||||||||||||||||||||
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| Capital Gain Holding Periods | ||||||||||||||||||||||||||||||||||||||||||
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| Capital Gain and Loss Information Table | ||||||||||||||||||||||||||||||||||||||||||
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| Investment Expenses | ||||||||||||||||||||||||||||||||||||||||||
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| Section 179 Expenses | ||||||||||||||||||||||||||||||||||||||||||
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| Dependent Qualifications | ||||||||||||||||||||||||||||||||||||||||||
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- Be your son, daughter, stepchild, foster child, brother, sister, stepbrother, stepsister, OR a descendent of any of them such as a niece or grandchild; and
- Be under age 19 – or age 24 if a student – or any age if permanently and totally disabled; and
- Have lived with you for more then one-half of the year. Exceptions apply for parents divorced or separated during the year and for children supported by two or more taxpayers.
- You provided over one-half of his/her support.
Is the Qualifying Child a Dependent?
For a Qualifying Child to be a dependent he/she must:
- Be a U.S. citizen or national, a resident alien, or resident of Mexico or Canada; and
- Not be married. If the dependent is married he cannot file a joint return unless the return is to claim a refund and no tax liability would exist for either spouse had they filed separately; and
- Not be claimed as a dependent on someone else’s return.
Is a Qualifying Relative a Dependent?
A relative may qualify as a dependent if:
- He/she is a person other than a spouse who lived in your home all year as a member of your household if the relationship did not violate the law and the two criteria above are met; and
- He/she is not a qualifying child of another taxpayer for the year; and
- He/she had gross income of less than the exemption amount of $3,950; and
- You provided over one-half of his/her support.
| Single Dependents NOT either age 65 or older or blind | Must file a return if any of the following apply:
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| Single Dependents either age 65 or older or blind | Must file a return if any of the following apply:
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| Married Dependents NOT either age 65 or older or blind | Must file a return if any of the following apply:
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| Married Dependents either age 65 or older or blind | Must file a return if any of the following apply:
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| The taxpayer may use Form 8814 to include a child’s income on the parent’s tax return if all of the following conditions are met: 1. The child is under age 19 (or age 24 if a full-time student) on 1/1/2015. 2. The child is required to file a tax return. 3. The child has unearned income only. 4. The child’s gross income is less than $10,000. 5. There was no withholding or estimated payments made for the child. 6. The child does not file a joint tax return.If the child is under age 19 and there is investment income of $2,000 or more and Form 8814 is not filed, the child must file a tax return and include Form 8615. |
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Maximum Allowable Child and Dependent Care Tax Credit |
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| Adjusted Gross Income | Credit Percentage | One Dependent | Two or more Dependents |
| $15,000 or less | 35% | $1,050 | $2,100 |
| $15,001-$17,000 | 34% | $1,020 | $2,040 |
| $17,001-$19,000 | 33% | $990 | $1,980 |
| $19,001-$21,000 | 32% | $960 | $1,920 |
| $21,001-$23,000 | 31% | $930 | $1,860 |
| $23,001-$25,000 | 30% | $900 | $1,800 |
| $25,001-$27,000 | 29% | $870 | $1,740 |
| $27,001-$29,000 | 28% | $840 | $1,680 |
| $29,001-$31,000 | 27% | $810 | $1,620 |
| $31,001-$33,000 | 26% | $780 | $1,560 |
| $33,001-$35,000 | 25% | $750 | $1,500 |
| $35,001-$37,000 | 24% | $720 | $1,440 |
| $37,001-$39,000 | 23% | $690 | $1,380 |
| $39,001-$41,000 | 22% | $660 | $1,320 |
| $41,001-$43,000 | 21% | $630 | $1,260 |
| $43,001 and over | 20% | $600 | $1,200 |
| Form 8812 – The amount per child for 2014 tax returns is $1,000.Qualifications: The child must be a dependent under age 17 AND – 1. A son, daughter, stepchild, adopted/foster child, brother, sister, stepbrother, stepsister, or a descendent of any of them (i.e. grandchild). 2. Any age if permanently disabled. 3. The child did not provide more than one half of his own support. 4. The child must be a citizen or resident alien.If there are three or more children an additional refundable credit may be possible even if no tax is owed. |
Education Credits and Benefits
| Name | Duration | Amount | Covered Expense |
| American Opportunity Credit | 4 years Post Secondary | $2,500 per yr. per student. (100% of the 1st$2,000, 25% of the next $2,000). 40% of the credit is refundable. | Tuition, Fees, Books and supplies paid to school. No room and board. |
| Lifetime Learning Credit | Post Secondary | $2,000 for each taxpayer and dependent. (20% of the 1st $10,000) | Tuition, Fees, Books and supplies paid to school. No room and board. |
| Coverdell ESA | Secondary, Post Secondary, Elementary | $2,000 per student per year. Contributions are non-deductible. Earnings accrue tax free. | Tuition, Fees, Books, Supplies, Equipment and Room and Board. Must be enrolled 1/2 the time. |
| Student Loan Interest |
Post Secondary programs | $2,500 per year. | Qualified student loan interest. |
| QTP (QSTP & 529s) | State Programs – Post Secondary | $14,000. Contributions are non- deductible. Earnings accrue tax free if used for college. Gift taxes apply. | Tuition, Fees, some Supplies and some Room and Board |
| EE Savings Bonds | Post Secondary | Unlimited interest exclusion. | Tuition and Fees. Not Books and supplies. Not room and board. |
| Tuition & Fees Deduction | Post Secondary | $4,000 per year. | Qualified Tuition and Fees. Not room and board. |
| Benefit | Married filing Joint/ Qualifying Widower |
Single or Head of Household |
Married filing Separately |
| Adoption Credit / Exclusion | $197,880-$237,880 | $197,880-$237,880 | No Credit |
| American Opportunity Credit | $160,000-$180,000 | $80,000-$90,000 | No Credit |
| AMT Exemption (1) | $156,500-$484,900 | $117,300-$328,500 | $78,250-$242,450 |
| Child Tax Credit (1 child) | $110,000-$130,000 | $75,000-$95,000 | $55,000-$75,000 |
| Coverdell ESA | $190,000-$220,000 | $95,000-$110,000 | $95,000-$110,000 |
| Dependent Care Credit | $15,000-$43,000 | $15,000-$43,000 | No Credit |
| Elderly/Disabled Credit Both Eligible |
$10,000-$20,000 $10,000-$25,000 |
$7,500-$17,500 | $5,000-$12,500 |
| IRA Income Limit with Pension | $96,000-$116,000 | $60,000-$70,000 | $0-$10,000 |
| Itemized Deductions | $305,050+ | $254,200 Single $279,650 HH | $152,525+ |
| Lifetime Learning Credit | $108,000-$128,000 | $54,000-$64,000 | No Credit |
| Passive Activity Loss | $100,000-$150,000 | $100,000-$150,000 | $50,000-$75,000 |
| Personal Exemptions | $305,050-$427,550 | $254,200-$376,700 | $152,525-$213,775 |
| Retirement Savings Credit | $36,000-$60,000 | $18,000-$30,000 S $27,000-$45,000 HH |
$18,000-$30,000 |
| Rollover to Roth IRA | No limit | No limit | No limit |
| Roth IRA Income Limit | $181,000-$191,000 | $114,000-$129,000 | $0-$10,000 |
| Savings Bond Interest | $113,950-$143,950 | $76,000-$91,000 | No Exclusion |
| Student Loan Interest Ded. | $130,000-$160,000 | $65,000-$80,000 | No Deduction |
| 401(k)/403(b) Elective Def. (2) | $17,500 | $17,500 | $17,500 |
| (1) Phaseout applies to AMT income rather than AGI. (2) Add $5,500 if age 50 or over. |
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| Maximum Wages Subject to Social Security tax | $117,000.00 |
| Social Security tax rate (Employee) 1 | 6.20% |
| Maximum Social Security tax (Employee) | $7,254.00 |
| Social Security tax rate (Employer) | 6.20% |
| Maximum Social Security tax (Employer) | $7,254.00 |
| Social Security tax rate (Self Employed) 2 | 12.40% |
| Maximum Social Security tax (Self Employed) 2 | $14,508.00 |
| Maximum Wages Subject to Medicare tax | Unlimited |
| Medicare tax rate (Employee) | 1.45% |
| Medicare tax rate (Employer) | 1.45% |
| Medicare tax rate (Self Employed) | 2.90% |
| Footnotes: 1 A 0.9% surtax applies to incomes in excess of $200,000 for single taxpayers, $250,000 for married taxpayers. 2 Self employed persons are entitled to deduct one-half of their self employment tax on Line 27 of Form 1040. |
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| Maximum Wages Subject to FUTA tax |
$7,000.00 |
| FUTA Tax Rate 1 | 6.0% 2 |
| Maximum FUTA Tax 1 | $420.00 |
| Footnotes: 1Only the employer pays FUTA tax. 2 The employer may also owe state unemployment tax. Employers who pay state unemployment tax, on a timely basis, will receive an offset credit of up to 5.4%, regardless of the rate of tax they pay the state. Therefore, the net FUTA tax rate is generally 0.8% (6.2% – 5.4%), for a maximum FUTA tax of $56.00 per employee, per year (.008 X $7,000. = $56.00). State law determines individual state unemployment insurance tax rates.For a table of current tax rates and taxable wage base information for individual states, click here. Under Significant Provisions of State UI Laws, from the drop down menus, select a period and select an issue. Then click Submit. |
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| Feature | Regular IRA | Roth IRA | Coverdell ESA |
| Annual Contribution | $5,500 (+$1,000 if 50 or over) | $5,500 (+$1,000 if 50 or over) | $2,000 per student |
| Contribution Deductible | Yes | No | No |
| Contribution Deadline | April 15th following year | April 15th following year | April 15th following year |
| Contributions End | Age 70 1/2 | Continue indefinitely | Student if age 18 |
| Earnings | Tax deferred | Tax free if held over 5 years | Tax free if used for qualified education expense |
| Withdrawals | Taxed as ordinary income if over age 59 1/2 | Tax free if held over 5 years and over age 59 1/2 | Tax free for qualified education expense if under age 30 |
| Withdrawal Penalty | 10% if under age 59 1/2 unless for medical, health insurance if unemployed, higher education, 1st home up to $10,000, disability, or death. * | 10% and earnings are taxed as ordinary income if under age 59 1/2 unless for 1st home up to $10,000, disability, or death. Withdrawals are contribution 1st, taxable earnings 2nd. | 10% and earnings taxed if not used for qualified education expenses or if after student’s 30th birthday. |
| Distributions | Mandatory at age 70 1/2 | Non-mandatory | Mandatory before age 30 |
| Rollover | Yes. Taxed if rolled into a Roth IRA. | Yes, into most other IRAs. | May be rolled over into another child’s Coverdell ESA or IRA. |
| * Withdrawals can also be taken in substantially equal distributions to avoid the withdrawal penalty. | |||
If the taxpayer or spouse is covered by a retirement plan at work the tax deduction begins to phase out at:
These limits will rise through 2015. |
| Phase-outs | ||
| If the phase-out threshold is… |
The tax deduction |
No tax deduction |
| $60,000 | $60,001-$70,000 | $70,000 + |
| $96,000 | $96,001-$116,000 | $116,000 + |
| $181,000 | $181,001-$191,000 | $191,000 + |
| $0 | $0-$9,999 | $10,000 + |
| Contribution limits are the lesser of: | |
| SEPs | $52,000 or 25% of the participants compensation, not to exceed $260,000 |
| SIMPLE IRAs | Lesser of $12,000 (add $2,500 if age 50 or over) or total compensation. There is no % of income limit. The compensation limit is $260,000. Employer contribution of 2% of all employee compensation over $5,000 OR 3% of participating employee compensation. |
| 401(k) Plans, 403(b) Plans, and SARSEPs |
Under age 50 – Elective deferrals up to $17,500. Age 50 or older – Elective deferrals up to$23,000. The total of employer and employee contributions cannot exceed $52,000. |
| Defined Contrib- ution Plans | $52,000 or 100% of employee taxable compensation, not to exceed $260,000 in compensation. |
| Defined Benefit Plans | The amount needed to provide an annual retirement benefit no larger than the smaller of:
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| The compensation amounts used above are after the deduction of the contribution AND Self Employment Tax. | |
Retirement Contribution Credit
| A nonrefundable credit is available for contributions to retirement savings plans. The credit is in addition to the deduction (or income exclusion) of the contribution. The credit is equal to the applicable percentage (based on income and filing status), times qualified retirement plan contributions (not to exceed $2,000 of contributions – resulting in a maximum credit of $1,000 at a 50% credit rate).
Credit Phaseout – Modified Adjusted Gross Income |
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| Credit Rate | Married Filing Joint | Head of Household | Single | MFS | QW |
| 50% | $0 – $36,000 | $0 – $27,000 | $0 – $18,000 |
| 20% | $36,001 – $39,000 | $27,001 – $29,250 | $18,001 – $19,500 |
| 10% | $39,001 – $60,000 | $29,251 – $45,000 | $19,501 – $30,000 |
| 0% | Over $60,000 | Over $45,000 | Over $30,000 |
Contributions to many plans qualify including 401(k), SEP, SIMPLE, Keogh, IRA (traditional and Roth), 403(b), and voluntary after-tax qualified plans. The contribution used to calculate the credit must be offset by certain retirement plan distributions.Contributions to a qualified retirement plan must be made by an eligible individual, defined as:
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| Dollar Limits for Eligibility | ||
| Filing Status |
Nontaxable: |
and AGI less than: |
| Single (HH or or Qual. Widower) Age 65 or older, or under age 65 and retired or disabled |
$5,000 | $17,500 |
| Married Joint – Both spouses age 65 or over | $7,500 | $25,000 |
| Married Joint – Both spouses under age 65, one spouse retired or disabled |
$5,000 | $20,000 |
| Married Joint – Both spouses under age 65, both spouses retired or disabled |
$7,500 | $25,000 |
| Married Joint – One spouse age 65 or older, other spouse under age 65 and retired or disabled |
$7,500 | $25,000 |
| Married Joint – One spouse age 65 or older, other spouse under age 65 and NOT retired or disabled |
$5,000 | $20,000 |
| Married Separate – live apart all year, age 65 or older, or under age 65 and retired or disabled. |
$3,750 | $12,500 |
Qualified Long Term Care Premiums
| Age On The Last Day Of The Year | Maximum Tax Deductible Premium |
| Under 41 | $370 |
| 41-50 | $700 |
| 51-60 | $1,400 |
| 61-70 | $3,720 |
| Over 70 | $4,660 |
| Benefits paid by qualified long term care policies: To the extent that they reimburse long term care expenses, benefits paid by an indemnity type contract are tax free. Benefits paid by a per diem contract are tax free up to $330 per day. |
Qualifications:
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| Please Note: This table is intended as a general overview. Additional tax rules may apply depending on the tax situation. For more information about benefits, see “Other Sickness and Injury Benefits” in IRS Publication 17. | |
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Type of Benefit |
General Rule |
| Workers’ Compensation | Not taxable if paid under a workers’ compensation act or a statute in the nature of a workers’ compensation act and paid due to a work related sickness or injury. However, payments received after returning to work are taxable. |
| Federal Employees’ Compensation Act (FECA) | Not taxable if paid because of personal injury or sickness. However, payments received as “continuation of pay” for up to 45 days while a claim is being decided and pay received for sick leave while a claim is being processed are taxable. |
| Compensatory Damages | Not taxable if received for injury or sickness. |
| Accident or Health Insurance Benefits | Not taxable if the taxpayer paid the insurance premiums. |
| Disability Benefits | Not taxable if received for loss of income or earning capacity due to an injury covered by a “no-fault” automobile policy. |
| Compensation for Permanent Loss or Loss of Use of a Part or Function of Your Body, or for Permanent Disfigurement | Not taxable if paid due to the injury. The payments must be figured without regard to any period of absence from work. |
| Reimbursements for Medical Care | Not taxable – but the reimbursement may reduce the taxpayer’s medical expense deduction. |
| The Internal Revenue Service has simplified the signature process for electronically filed individual income tax returns, eliminating the need to send a Form 8453 to the IRS in most cases. This began with the 2008 filing season. You can e-file individual income tax returns only if the returns are signed electronically using a Practitioner PIN. A newly designed Form 8453,U.S. Individual Income Tax Transmittal for an IRS e-file Return, will be used to transmit supporting paper documents that are required to be submitted to the IRS with e-filed returns. Only the specified forms listed below or supporting documents listed on Form 8453 can be submitted using the new form.Mail Form 8453, U.S. Individual Income Tax Transmittal for an IRS e-file Return, to the following address:
Internal Revenue Service File Form 8453 only if you are attaching one or more of the following forms or supporting documents:
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| Be sure to send any Forms 8453 via Certified Mail, Return Receipt Requested so that you’ll have proof that you sent them and that they were received. |
How long should a taxpayer keep tax related records:
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| Infraction: | Penalty |
| Late Filing (If the tax return is more than 60 days late, the minimum penalty is the smaller of $100 or 100% of the tax owed.) |
5% per month of the net tax due (maximum 25%) |
| Late filing due to fraud |
15% per month of the net tax due (maximum 75%) |
| Late tax payments |
0.5% per month of the unpaid tax due (maximum 25%) The 0.5% rate increases to 1% after the IRS issues a notice of intent to levy. |
| Negligence or disregard of tax rules and regulations |
20% of tax underpayment |
| Fraud |
75% of tax underpayment |
| Substantial understatements of income tax (tax underpayments that exceed the greater of 10% of the correct tax liability or $5,000) | 20% of tax underpayment |
| Over valuations of 200% or more but less than 400% of the correct amount | 20% of tax underpayment |
| Over valuations of 400% or more of the correct amount | 40% of tax underpayment |
| Estate tax and gift tax under valuations of 50% or more of the correct valuation and if the tax underpayment exceeds $5000 | 20% of tax underpayment |
| Estate tax and gift tax under valuations of 75% or more of the correct valuation and if the tax underpayment exceeds $5000 | 40% of tax underpayment |
| From | To | Interest Rate |
| 7/1/12 | 12/31/14 | 3% |
| 1/1/2012 | 6/30/12 | 4% |
| 10/1/2011 | 12/31/2011 | 3% |
| 4/1/2011 | 9/30/2011 | 4% |
| 1/1/2011 | 3/31/2011 | 3% |
| 1/1/2010 | 12/31/2010 | 4% |
| 4/1/09 | 12/31/09 | 4% |
| 1/1/09 | 3/31/09 | 5% |
| 10/1/08 | 12/31/08 | 6% |
| 7/1/08 | 9/30/08 | 5% |
| 4/1/08 | 6/30/08 | 6% |
| 1/1/08 | 3/31/08 | 7% |
| 7/1/06 | 12/31/07 | 8% |
| 10/1/05 | 6/30/06 | 7% |
| 4/1/05 | 9/30/05 | 6% |
| 10/1/04 | 3/31/05 | 5% |
| 7/1/04 | 9/30/04 | 4% |
| 4/1/04 | 6/30/04 | 5% |
| 10/1/03 | 3/31/04 | 4% |
| 1/1/03 | 9/30/03 | 5% |
| 1/1/02 | 12/31/02 | 6% |
| 7/1/01 | 12/31/01 | 7% |
| 4/1/01 | 6/30/01 | 8% |
| 4/1/00 | 3/31/00 | 9% |
| 4/1/99 | 3/31/00 | 8% |
| 1/1/99 | 3/31/99 | 7% |
| 4/1/98 | 12/31/98 | 8% |
| 7/1/96 | 3/31/98 | 9% |
| 4/1/96 | 6/30/96 | 8% |
| 7/1/95 | 3/31/96 | 9% |
| 4/1/95 | 6/30/95 | 10% |
| 10/1/94 | 3/31/95 | 9% |
| 7/1/94 | 9/30/94 | 8% |
| 10/1/92 | 6/30/94 | 7% |
| 4/1/92 | 9/30/92 | 8% |
| 1/1/92 | 3/31/92 | 9% |
| 4/1/91 | 12/31/91 | 10% |
| Below are the tax rate schedules. By using the appropriate schedule for the taxpayer’s filing status you can determine the taxpayer’s tax bracket. The tax brackets are adjusted each year for inflation. If the inflation rate in 2014 is 5%, the 15% bracket for 2014 will be increased by 5% – rounded down to the nearest $50. The taxpayer’s tax bracket is the amount of tax that the taxpayer pays on his “top dollar” of income. The actual tax rate that the taxpayer pays on his taxable income below his “top dollar” is less because the tax rates are graduated and because they are applied to the taxpayer’s taxable income after deductions and exemptions. The taxpayer may also be entitled to tax credits against any tax due.Determine the taxpayer’s taxable income from Form 1040 Line 43 and in the far left column of the appropriate schedule for the taxpayer’s filing status locate his income bracket. The percentage figure in the third column to the right titled “The tax is:” shows the taxpayer’s tax bracket.
CAUTION: You should only use the schedules below to determine the taxpayer’s tax due if the taxpayer’s taxable income (Form 1040, Line 43) is $100,000 or more. Even though you cannot use the tax rate schedules below if the taxpayer’s taxable income is less than $100,000, all levels of taxable income are shown so you can see what the taxpayer’s tax bracket is. |
| Schedule X — Single | ||
| If taxable income is over– | But not over– | The tax is: |
| $0 | $8,925 | 10% of the amount over $0 |
| $8,925 | $36,250 | $892.50 plus 15% of the amount over $8,925 |
| $36,250 | $87,850 | $4,991.25 plus 25% of the amount over $36,250 |
| $87,850 | $183,250 | $17,891.25 plus 28% of the amount over $87,850 |
| $183,250 | $398,350 | $44,603.25 plus 33% of the amount over $183,250 |
| $398,350 | $400,000 | $115,586.25 plus 35% of the amount over $398,350 |
| $400,000 | no limit | $116,163.75 plus 39.6% of the amount over $400,000 |
| Schedule Y-1 — Married Filing Jointly or Qualifying Widow(er) | ||
| If taxable income is over– | But not over– | The tax is: |
| $0 | $17,850 | 10% of the amount over $0 |
| $17,850 | $72,500 | $1,785.00 plus 15% of the amount over $17,850 |
| $72,500 | $146,400 | $9,982.50 plus 25% of the amount over $72,500 |
| $146,400 | $223,050 | $28,457.50 plus 28% of the amount over $146,400 |
| $223,050 | $398,350 | $49,919.50 plus 33% of the amount over $223,050 |
| $398,350 | $450,000 | $107,768.00 plus 35% of the amount over $398,350 |
| $450,000 | no limit | $125,846.00 plus 39.6% of the amount over $450,000 |
| Schedule Y-2 — Married Filing Separately | ||
| If taxable income is over– | But not over– | The tax is: |
| $0 | $8,925 | 10% of the amount over $0 |
| $8,925 | $36,250 | $892.50 plus 15% of the amount over $8,925 |
| $36,250 | $73,200 | $4,991.25 plus 25% of the amount over $36,250 |
| $73,200 | $111,525 | $14,228.75 plus 28% of the amount over $73,200 |
| $111,525 | $199,175 | $24,959.75 plus 33% of the amount over $111,525 |
| $199,175 | $225,000 | $53,884.25 plus 35% of the amount over $199,175 |
| $225,000 | no limit | $62,923.00 plus 39.6% of the amount over $225,000 |
| Schedule Z — Head of Household | ||
| If taxable income is over– | But not over– | The tax is: |
| $0 | $12,750 | 10% of the amount over $0 |
| $12,750 | $48,600 | $1,275.00 plus 15% of the amount over $12,750 |
| $48,600 | $125,450 | $6,652.50 plus 25% of the amount over $48,600 |
| $125,450 | $203,150 | $25,865.00 plus 28% of the amount over $125,450 |
| $203,150 | $398,350 | $47,621.00 plus 33% of the amount over $203,150 |
| $398,350 | $425,000 | $112,037.00 plus 35% of the amount over $398,350 |
| $425,000 | no limit | $121,364.50 plus 39.6% of the amount over $425,000 |
| Telephone Directory | |
| Taxpayer Assistance for Individuals | 1(800)829-1040 |
| Taxpayer Assistance for Businesses | 1(800)829-4933 |
| e-file Help Desk | 1(800)255-0654 |
| TeleTax | 1(800)829-4477 |
| Automated Refund Status | 1(800)829-4477 |
| Pay by Phone – Pay 1040 | 1(888)658-5465 |
| Pay by Phone – Pay USA Tax | 1(888)877-0450 |
| Pay by Phone – Official Payments Corp. | 1(877)754-4413 |
| Tax Refund Hotline | 1(800)829-1954 |
| Taxpayer Advocate | 1(877)777-4778 |
| Practitioner Priority Service | 1(866)860-4259 |
| Internet Directory | |
| IRS Web Site | http://www.irs.gov |
| Where’s my refund? | https://sa2.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp |
| Forms and Publications | Click Here |
| News Releases | Click Here |
| Tax Professionals | Click Here |
| Social Security Administration | http://www.ssa.gov/ |
| Make checks payable to: United States Treasury | |