Archive for the ‘2006 Tax Year’ Category

Federal Tax Rate Schedules for 2006 – Heads of Households

Sunday, January 1st, 2006

Taxable Income   Over But Not Over   Pay   + % onExcess   of amountover $ 0- $10,750 $ 0 10 % $ 0 10,750- 41,050 1,075.00 15 10,750 41,050- 106,000 5,620.00 25 41,050 106,000- 171,650 21,857.50 28 106,000 171,650- 336,550 40,239.50 33 171,650 336,550- …… 94,656.50 35 336,550

Federal Tax Rate Schedules for 2006 – Married Individuals Filing Separately

Sunday, January 1st, 2006

Taxable Income   Over But Not Over   Pay   + % onExcess   of amountover $ 0- $7,550 $ 0 10 % $ 0 7,550- 30,650 755.00 15 7,550 30,650- 61,850 4,220.00 25 30,650 61,850- 94,225 12,020.00 28 61,850 94,225- 168,275 21,085.00 33 94,225 168,275- …… 45,521.50 35 168,275

Federal Tax Rate Schedules for 2006 – Married Filing Jointly and Surviving

Sunday, January 1st, 2006

Taxable Income   Over But Not Over   Pay   + % onExcess   of amountover $ 0- $15,100 $ 0 10 % $ 0 15,100- 61,300 1,510.00 15 15,100 61,300- 123,700 8,440.00 25 61,300 123,700- 188,450 24,040.50 28 123,700 188,450- 336,550 42,170.00 33 188,450 336,550- …… 91,043.00 35 336,550

Federal Tax Rate Schedules for 2006 – Single Individuals

Sunday, January 1st, 2006

Taxable Income   Over But Not Over   Pay   + % onExcess   of amountover $ 0- $7,550 $ 0 10 % $ 0 7,550- 30,650 755.00 15 7,550 30,650- 74,200 4,220.00 25 30,650 74,200- 154,800 15,107.50 28 74,200 154,800- 336,550 37,675.50 33 154,800 336,550- …… 97,653.00 35 336,550

2006 New York Tax Rate Schedules – Head of Household

Sunday, January 1st, 2006

If Form IT-150 line 26 orForm IT-201 line 38 is:   Over But Not Over   The tax is:         $ 0- $11,000   4 % of Form IT-150 line 26 orForm IT-201 line 38 11,000- 15,000 $ 440 plus 4.5% of the excess over $11,000 15,000- 17,000 620 plus 5.25% of […]

2006 New York Tax Rate Schedules – Single and Married Filing Separately

Sunday, January 1st, 2006

If Form IT-150 line 26 orForm IT-201 line 38 is:   Over But Not Over   The tax is:         $ 0- $8,000   4 % of Form IT-150 line 26 orForm IT-201 line 38 8,000- 11,000 $ 320 plus 4.5% of the excess over $8,000 11,000- 13,000 455 plus 5.25% of […]

2006 New York Tax Rate Schedules – Married Filing Jointly and Surviving

Sunday, January 1st, 2006

If Form IT-150 line 26 orForm IT-201 line 38 is:   Over But Not Over   The tax is:         $ 0- $16,000   4 % of Form IT-150 line 26 orForm IT-201 line 38 16,000- 22,000 $ 640 plus 4.5% of the excess over $16,000 22,000- 26,000 910 plus 5.25% of […]

2006 Annual Limits Relating to Financial Planning – Social Security

Sunday, January 1st, 2006

Taxable Wage Base $94,200

2006 Annual Limits Relating to Financial Planning – Employer Retirement Plans

Sunday, January 1st, 2006

Elective deferrals for 401(k), 403(b), 457 Deferral Limit $15,000 401(k), 403(b), 457 Catch-Up Contribution $5,000 Defined Contribution Plan Limit $44,000 Maximum Annual Defined Benefit Limit $175,000 SIMPLE IRA and SIMPLE 401(k) Contribution $10,000 SIMPLE IRA and SIMPLE 401(k) Catch-Up Contribution $2,500 Maximum Includable Compensation $220,000 Highly Compensated Employee $100,000