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| 2006 General
Tax Information |
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| 2006 Filing
Requirements |
| Single |
under 65 |
$8,450 |
| 65 or older |
$9,700 |
| Head of
household |
under 65 |
$10,850 |
| 65 or older |
$12,100 |
| Married,
filing jointly*** |
under 65 (both spouses) |
$16,900 |
| 65 or older (one spouse) |
$17,900 |
| 65 or older (both spouses) |
$18,900 |
| Married, filing separately |
any age |
$3,300 |
| Qualifying
widow(er) with dependent child |
under 65 |
$13,600 |
| 65 or older |
$14,600 |
|
*If you were born on January 1, 1942, you are
considered to be age 65 at the end of 2006.
**Gross Income means all income you received in the form of
money, good, property, and services that is not exempt from
tax, including any income from sources outside the United States
(even if you may exclude all or part of it). Do not include
Social Security benefits unless you are married filing a seperate
return and you lived with your spouse at any time in 2006.
***If you did not live with your spouse at the end of 2006 (or
on the date your spouse died) and your gross income was at least
$3,300, you must file a return regardless of age. |
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| 2006 Itemized
Deductions (Phaseout) |
| Itemized 2005 Itemized Deductions (Phaseout) |
| All filing status' but Married Filing
Separate (Phaseout) |
$150,500 |
| Married Filing Separate
(Phaseout) |
$75,250 |
|
| |
| 2006 Standard
Deductions |
| Single |
$5,150 |
| Married filing joint
returns/Surviving spouses |
$10,300 |
| Head of Household |
$7,550 |
| Married, filing separate
return |
$5,150 |
| Dependent standard deduction minimum
|
$850 or sum of $300 plus earned income |
| Additional standard
deduction for aged or blind |
$1000 each ($1250 if individual is unmarried
and not surviving spouse) |
|
| 2006 Education
Provisions |
| Hope Scholarship Credit |
100% of first $1100 plus 50%
of next $1100maximum credit $1650 |
| Hope Scholarship Credit
- Go Zone |
100% of first $2200 plus 50% of next $2200maximum
credit $3300 |
| Student Loan Interest Deduction (Phaseout) |
|
| Married Filing Joint |
$105,000 - $135,000 |
| Single/Head of Household |
$50,000 - $65,000 |
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| 2006 Standard
Mileage Rates |
| Business Mileage |
44.5 cents per mile |
| Charitable Mileage |
14 cents per mile |
| Katrina Charitable Mileage |
32 cents per mile |
| Medical/Moving Mileage |
18 cents per mile |
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| |
| 2006 Exemptions |
| Personal Exemptions |
|
| Exemption |
$3300/person |
| Personal Exemption Phaseout |
|
| Single (Phaseout) |
$150,500 |
| Married Filing Joint and qualifying
widow(er)s with dependent children (Phaseout) |
$225,750 |
| Head of Household
(Phaseout) |
$188,1550 |
| Married, filing separate return (Phaseout) |
$112,875 |
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| 2006 Withholding Table |
[ Download ] |
| |
| 2006 Adoption
Credit |
| Maximum credit for child
with special needs |
$10,960 |
| Other adoptions, qualified
expenses up to |
$10,960 |
| Phaseout range, modified AGI |
$164,410 to $204,410 |
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