Individual Income Tax Planning

  • Adoption Credit

  • Alternative Minimum Tax (AMT)

  • Charitable Deductions


 

2018 Federal Income Tax Rate Schedules

(Individuals, Trusts, and Estates)

  • Single Taxpayers

  • Married filing jointly and surviving spouses

  • Married individuals filing separately

  • Heads of household

  • Trusts and estates


 

2017 Federal Income Tax Rate Schedules

(Individuals, Trusts, and Estates)

  • Single Taxpayers

  • Married filing jointly and surviving spouses

  • Married individuals filing separately

  • Heads of household

  • Trusts and estates


 

Business planning

  • Adoption Assistance Programs

  • Earnings subject to FICA taxes (taxable wage base)

  • Health insurance deduction for self-employed

  • Qualified transportation fringe benefits

  • Section 179 expensing

  • Small business tax credit for providing health-care coverage

  • Special additional first-year depreciation allowance

  • Standard mileage rate (per mile)

  • Tax on accumulated earnings and personal holding company income


 

Education Planning

  • Coverdell education savings accounts

  • Deduction for qualified higher education expenses

  • Gift tax exclusion

  • Kiddie tax

  • American Opportunity and Lifetime Learning Credits

  • U.S. savings bonds--interest exclusion for higher education expenses


 

Protection Planning

  • Eligible long-term care premium deduction limits:

  • Per diem limit:

  • Archer Medical Savings Accounts

  • Flexible spending account (FSA) for health care

  • Health Savings Accounts (HSAs)


 

estate planning

  • Key indexed figures

  • 2017 and 2018 gift and estate tax rate schedule


 

Government Benefits

  • Social Security

  • Medicare

  • Medicaid


 

Retirement Planning

  • Employee/individual contribution limits

  • Employer contribution/benefit limits

  • Compensation limits/thresholds


 

Investment Planning

  • Maximum tax on long-term capital gains and qualified dividends

  • Unearned income Medicare contribution tax ("net investment income tax")