INCOME TAX FILING 2012
1. The standard deduction for 2012 is $11,900 for married persons filing jointly or qualifying widow(er)s, $8,700 for heads of households, or $5,950 for single taxpayers or married filing separately.
2. For 2012, as for 2011, there is a 2% reduction in the tax rate on the employee portion of Social Security.
3. For 2012, the contribution limit for traditional IRAs and Roth IRAs remains $5,000, or $6,000 for those age 50 or older.
4. The IRS standard business mileage rate for 2012 is 55.5 cents a mile.
For More Info San Diego California...
1. The standard deduction for 2012 is $11,900 for married persons filing jointly or qualifying widow(er)s, $8,700 for heads of households, or $5,950 for single taxpayers or married filing separately.
2. For 2012, as for 2011, there is a 2% reduction in the tax rate on the employee portion of Social Security.
3. For 2012, the contribution limit for traditional IRAs and Roth IRAs remains $5,000, or $6,000 for those age 50 or older.
4. The IRS standard business mileage rate for 2012 is 55.5 cents a mile.
For More Info San Diego California...
INCOME TAX FILING 2011
1. Effective 2011: The 2011 tax year filing deadline is April 17,2012 due to April falling on a Sunday, and April 16th being the Emancipation Day holiday in the District of Columbia
2. For the first time in several years Social Security benefits will increase by 3.6 percent.
3. For 2011, the maximum capital gains rate for most people is 15%. For lower-income individuals, the rate may be 0% on some or all of the net capital gain. To qualify for the zero rate you must have owned the assets for a year and be in the 10% or 15% tax brackets.
For More Info San Diego California...
1. Effective 2011: The 2011 tax year filing deadline is April 17,2012 due to April falling on a Sunday, and April 16th being the Emancipation Day holiday in the District of Columbia
2. For the first time in several years Social Security benefits will increase by 3.6 percent.
3. For 2011, the maximum capital gains rate for most people is 15%. For lower-income individuals, the rate may be 0% on some or all of the net capital gain. To qualify for the zero rate you must have owned the assets for a year and be in the 10% or 15% tax brackets.
For More Info San Diego California...
Didi's 1040 & More - Mira Mesa Tax Services
Filing Income Taxes San Diego California? Income Tax Problem San Diego California? Need Income Tax Help San Diego California? Experience the Advantage... Get Your Taxes Prepared Professionally! Filing Income Tax San Diego California with Home Foreclosure or Home Short Sale? We can help...
Call (858) 549-3434 Mira Mesa Tax Services Tax Enrolled Agent
10717 Camino Ruiz, Suite 101, San Diego CA 92126
Filing Income Taxes San Diego California? Income Tax Problem San Diego California? Need Income Tax Help San Diego California? Experience the Advantage... Get Your Taxes Prepared Professionally! Filing Income Tax San Diego California with Home Foreclosure or Home Short Sale? We can help...
Call (858) 549-3434 Mira Mesa Tax Services Tax Enrolled Agent
10717 Camino Ruiz, Suite 101, San Diego CA 92126
Didi's Mira Mesa Tax Services
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