http://www.tktcpa.com Tax Services, Information, and News Fri, 03 Sep 2010 13:00:07 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.tktcpa.com/2007/01/2007-additional-information-standard-mileage-rates/ http://www.tktcpa.com/2007/01/2007-additional-information-standard-mileage-rates/#comments Mon, 01 Jan 2007 20:48:56 +0000 admin http://www.tktcpa.com/?p=47 Business travel 48.5¢ Medical/moving 20¢ Charitable use 14¢ ]]> http://www.tktcpa.com/2007/01/2007-additional-information-standard-mileage-rates/feed/ 0 http://www.tktcpa.com/2007/01/2007-additional-information-section-179-expense-election/ http://www.tktcpa.com/2007/01/2007-additional-information-section-179-expense-election/#comments Mon, 01 Jan 2007 20:47:45 +0000 admin http://www.tktcpa.com/?p=45 maximum deduction limited to taxable income from trade or business $112,000 Reduction if cost of Section 179 property exceeds $450,000 ]]> http://www.tktcpa.com/2007/01/2007-additional-information-section-179-expense-election/feed/ 0 http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-heads-of-households/ http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-heads-of-households/#comments Mon, 01 Jan 2007 20:44:27 +0000 admin http://www.tktcpa.com/?p=40 Taxable Income   Over But Not Over   Pay   + % on
Excess   of amount
over

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$ 0 $11,200 $ 0 10 % $ 0 11,200 42,650 1,120.00 15 11,200 42,650 110,100 5,837.50 25 42,650 110,100 178,350 22,700.00 28 110,100 178,350 349,700 41,810.00 33 178,350 349,700 no limit 98,355.50 35 349,700 ]]> http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-heads-of-households/feed/ 0 http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-married-individuals-filing-separately/ http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-married-individuals-filing-separately/#comments Mon, 01 Jan 2007 20:43:49 +0000 admin http://www.tktcpa.com/?p=38 Taxable Income   Over But Not Over   Pay   + % on
Excess   of amount
over

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$ 0 $7,825 $ 0 10 % $ 0 7,825 31,850 782.50 15 7,825 31,850 64,250 4,386.25 25 31,850 64,250 97,925 12,486.25 28 64,250 97,925 174,850 21,915.25 33 97,925 174,850 no limit 47,300.50 35 174,850 ]]> http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-married-individuals-filing-separately/feed/ 0 http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-married-filing-jointly-and-surviving/ http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-married-filing-jointly-and-surviving/#comments Mon, 01 Jan 2007 20:42:28 +0000 admin http://www.tktcpa.com/?p=36 Taxable Income   Over But Not Over   Pay   + % on
Excess   of amount
over

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$ 0 $15,650 $ 0 10 % $ 0 15,650 63,700 1,565.00 15 15,650 63,700 128,500 8,772.50 25 63,700 128,500 195,850 24,972.50 28 128,500 195,850 349,700 43,830.50 33 195,850 349,700 no limit 94,601.00 35 349,700 ]]> http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-%e2%80%93-married-filing-jointly-and-surviving/feed/ 0 http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-single-individuals/ http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-single-individuals/#comments Mon, 01 Jan 2007 20:40:58 +0000 admin http://www.tktcpa.com/?p=33 Taxable Income   Over But Not Over   Pay   + % on
Excess   of amount
over

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$ 0 $7,825 $ 0 10 % $ 0 7,825 31,850 782.50 15 7,825 31,850 77,100 4,386.25 25 31,850 77,100 160,850 15,698.75 28 77,100 160,850 349,700 39,148.75 33 160,850 349,700 no limit 101,469.25 35 349,700 ]]> http://www.tktcpa.com/2007/01/federal-tax-rate-schedules-for-2007-single-individuals/feed/ 0 http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-long-term-care-insurance/ http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-long-term-care-insurance/#comments Mon, 01 Jan 2007 18:52:45 +0000 admin http://www.tktcpa.com/?p=150 Per diem limit $260 Premium as a deductible medical expense limitation
    Age 40 or under
    Age 41 – 50
    Age 51 – 60
    Age 61 – 70
    Age 71 or older
$290
$550
$1,110
$2,950
$3,680 ]]> http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-long-term-care-insurance/feed/ 0 http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-medicare/ http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-medicare/#comments Mon, 01 Jan 2007 18:52:06 +0000 admin http://www.tktcpa.com/?p=148 Monthly premium: Part A/Part B $410/$93.50 Part A coverage
    First 60 days patient paid deductible
    Next 30 days patient pays per day
    Next 60 days patient pays per day
$992
$248
$496 Part B coverage
    Deductible
    Coinsurance
$131
20% Skilled Nursing Benefits
    First 20 days patient pays per day
    Next 80 days patient pays per day
    Over 100 days patient pays per day
$0
$144
All costs ]]> http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-medicare/feed/ 0 http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-social-security/ http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-social-security/#comments Mon, 01 Jan 2007 18:51:32 +0000 admin http://www.tktcpa.com/?p=146 Taxable Wage Base $97,500 Cost of living adjustment  3.3% Quarter of coverage $1,000 ]]> http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-social-security/feed/ 0 http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-education-funding-incentives/ http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-education-funding-incentives/#comments Mon, 01 Jan 2007 18:51:00 +0000 admin http://www.tktcpa.com/?p=144 Phaseout for Education Savings Accounts
    Single
    married filing jointly
$95,000 – $110,000
$190,000 – $220,000 Phaseout of exclusion for EE bonds
    Single
    married filing jointly
$65,600 – $80,600
$98,400 – $128,400 Phaseout of Hope Scholarship and Lifetime Learning Tax Credits
    Single
    married filing jointly
$47,000 – $57,000
$94,000 – $114,000 Phaseout of Deductibility of Student Loan Interest
    Single
    married filing jointly
$55,000 – $70,000
$110,000 – $140,000 Phaseout of Deduction for Higher Education Expenses
    Single
    married filing jointly
$65,000
$130,000 ]]> http://www.tktcpa.com/2007/01/2007-annual-limits-relating-to-financial-planning-education-funding-incentives/feed/ 0