Archive for January, 2005

Federal Tax Rate Schedules for 2005 – Heads of Households

Saturday, January 1st, 2005

Taxable Income   Over But Not Over   Pay   + % onExcess   of amountover $ 0- $10,450 $ 0 10 % $ 0 10,450- 39,800 1,045.00 15 10,450 39,800- 102,800 5,447.50 25 39,800 102,800- 166,450 21,197.50 28 102,800 166,450- 326,450 39,019.50 33 166,450 326,450- …… 91,819.50 35 326,450

Federal Tax Rate Schedules for 2005 – Married Individuals Filing Separately

Saturday, January 1st, 2005

Taxable Income   Over But Not Over   Pay   + % onExcess   of amountover $ 0- $7,300 $ 0 10 % $ 0 7,300- 29,700 730.00 15 7,300 29,700- 59,975 4,090.00 25 29,700 59,975- 91,400 11,658.75 28 59,975 91,400- 163,225 20,457.75 33 91,400 163,225- …… 44,160.00 35 163,225

Federal Tax Rate Schedules for 2005 – Married Filing Jointly and Surviving

Saturday, January 1st, 2005

Taxable Income   Over But Not Over   Pay   + % onExcess   of amountover $ 0- $14,600 $ 0 10 % $ 0 14,600- 59,400 1,460.00 15 14,600 59,400- 119,950 8,180.00 25 59,400 119,950- 182,800 23,317.50 28 119,950 182,800- 326,450 40,915.50 33 182,800 326,450- …… 88,320.00 35 326,450

Federal Tax Rate Schedules for 2005 – Single Individuals

Saturday, January 1st, 2005

Taxable Income   Over But Not Over   Pay   + % onExcess   of amountover $ 0- $7,300 $ 0 10 % $ 0 7,300- 29,700 730.00 15 7,300 29,700- 71,950 4,090.00 25 29,700 71,950- 150,150 14,652.50 28 71,950 150,150- 326,450 36,548.50 33 150,150 326,450- …… 94,727.50 35 326,450

2005 New York Tax Rate Schedules – Head of Household

Saturday, January 1st, 2005

If line 5 is:   Over But Not Over   The tax is:         $ 0- $11,000   4 % of line 5 11,000- 15,000 $ 440 plus 4.5% of the excess over $11,000 15,000- 17,000 620 plus 5.25% of the excess over 15,000 17,000- 30,000 725 plus 5.9% of the excess […]

2005 New York Tax Rate Schedules – Single and Married Filing Separately

Saturday, January 1st, 2005

If line 5 is:   Over But Not Over   The tax is:         $ 0- $8,000   4 % of line 5 8,000- 11,000 $ 320 plus 4.5% of the excess over $8,000 11,000- 13,000 455 plus 5.25% of the excess over 11,000 13,000- 20,000 560 plus 5.9% of the excess […]

2005 New York Tax Rate Schedules – Married Filing Jointly and Surviving

Saturday, January 1st, 2005

If line 5 is:   Over But Not Over   The tax is:         $ 0- $16,000   4 % of line 5 16,000- 22,000 $ 640 plus 4.5% of the excess over $16,000 22,000- 26,000 910 plus 5.25% of the excess over 22,000 26,000- 40,000 1,120 plus 5.9% of the excess […]

2005 Annual Limits Relating to Financial Planning – Long Term Care Insurance

Saturday, January 1st, 2005

Per diem daily limit $240 Premium as a deductible medical expense limitation    Age 40 or under    Age 41 – 50    Age 51 – 60    Age 61 – 70    Age 71 or older $270$510$1,020$2,720$3,400

2005 Annual Limits Relating to Financial Planning – Medicare

Saturday, January 1st, 2005

Monthly premium: Part A/Part B $375/$78.20 Part A coverage    First 60 days patient paid deductible    Next 30 days patient pays per day    Next 60 days patient pays per day    Over 150 days patient pays per day $912$228$456All costs Part B coverage    Deductible    Coinsurance $11020% Skilled Nursing Benefits    First 20 days patient pays per day    Next 80 days patient pays per day    Over 100 days […]

2005 Annual Limits Relating to Financial Planning – Social Security

Saturday, January 1st, 2005

Taxable Wage Base $90,000 Social Security Tax Rate    Old-Age, Survivors and Disability Insurance    Hospital Insurance    Total 12.40% 2.9015.30% Earnings limitations for Social Security Benefits    Age 62 through 64    Year of Attainment of Age 65 $12,000$31,800 Cost of living adjustment  2.7% Quarter of coverage $920 Maximum benefit: retiring at age 65 $1,939