2017 tax brackets single
[DOCX File]Gelman & Pelesh, P.C. | Accounting, Tax, Business Advising ...
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2017 TAX SUMMARY -- by Harry W. Laughlin III. ... FILING STATUS (single, joint, etc.) controls tax rates, Standard Deductions and many other tax items. IRA CONTRIBUTION: $5,500; $1,000 catch up contribution for age 50+. ... 0% if you are in 10-15% regular tax brackets, 15% if in 25-35% brackets and 20% for taxpayers in 39.6% bracket. ...
[DOCX File]National Economic Education Delegation
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The Tax Cuts and Jobs Act of 2017 and Your Federal Income Tax Return. By Edward Frede, Staff Accountant, Gelman & Pelesh, P.C. The Tax Cuts and Jobs Act of 2017 (TCJA), enacted into law in December 2017, represents the most significant and comprehensive change to …
[DOC File]Schedule X — Single
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The U.S. tax schedule has 7 different brackets that range in tax rates from 10% on the first 9,525 in income to 37% on income over 500,000. It doesn’t have to increase – could decrease (regressive) or could stay the same (flat). The rate at which income is taxed is different for single and married couples.
Tax Brackets in 2017 - Tax Foundation
Schedule X — Single. If taxable income is over-- But not over-- The tax is: $0 $9,325 10% of the amount over $0 $9,325 $37,950 $932.50 plus 15% of the amount over 9,325 $37,950 $91,900 $5,226.25 plus 25% of the amount over 37,950 $91,900 $191,650 $18,713.75 plus 28% of the amount over 91,900
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