What is/are the:
- Individual federal income brackets and tax rates?
- Standard exemptions: personal and your dependents?
- Personal standard exemptions: standard and/or blind/elderly?
- Standard or itemized deductions?
- Personal filing thresholds?
- Personal Exemption Phaseout (PEP) thresholds?
- Earned income tax credit (EIC or EITC)?
- Alternative Minimum Tax (AMT)?
- Kiddie Tax?
- Adoption Credit?
- Child Credit?
- American Opportunity Credit (formerly Hope Scholarship Credit)?
- Lifetime Learning Credit?
- Federal Income Tax 2017
- Federal Income Tax 2015
Take a sneak peak at the 2017-2018 predicted tax rates, standard deductions, exemption amounts and more. Beware that these are the numbers for the tax year 2017, effective January 2017. They are not the numbers for your 2016 tax return in 2017, but the rates you use to prepare your 2017 tax return in 2018.
Same-sex spouses generally must file their federal tax returns using a married filing separately or jointly filing status. This federal ruling is also applicable for married same-sex couples living in a state that does not recognize their marriage. Read more about the ruling at IRS Answers to frequently asked questions about same-sex married couples.
Do you have college-related expenses? Find out more about the American Opportunity Tax Credit.
The Child Tax Credit is worth up to $1,000 per child under the age of 17. Do you qualify for this credit? Or are you eligible for additional child tax credit? Click on the next link to find out: Child Tax Credit.