| 2006 Tax Rates - Single Taxpayers - Standard Deduction $5,150 | |
| 10% | 0 . 7,550 |
| 15% | 7,551 . 30,650 |
| 25% | 30,651 . 74,200 |
| 28% | 74,201 . 154,800 |
| 33% | 154,801 . 336,550 |
| 35% | Over 336,550 | 2006 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $10,300 |
| 10% | 0 . 15,100 |
| 15% | 15,101 . 61,300 |
| 25% | 61,301 . 123,700 |
| 28% | 123,701 . 188,450 |
| 33% | 188,451 . 336,550 |
| 35% | Over 336,550 | 2006 Tax Rates - Married Filing Separately - Standard Deduction $5,150 |
| 10% | 0 . 7,550 |
| 15% | 7,551 . 30,650 |
| 25% | 30,651 . 61,850 |
| 28% | 61,851 . 94,225 |
| 33% | 94,226 . 168,275 |
| 35% | Over 168,275 |
| 2006 Tax Rates - Head of Household - Standard Deduction $7,550 | |
| 10% | 1 . 10,750 |
| 15% | 10,751 . 41,500 |
| 25% | 41,501 . 106,000 |
| 28% | 106,001 . 171,650 |
| 33% | 171,651 . 326,450 |
| 35% | Over 336,550 |
| 2006 Tax Rates - Estates & Trusts | |
| 15% | 1 . 2,050 |
| 25% | 2,051 . 4,850 |
| 28% | 4,851 . 7,400 |
| 33% | 7,401 . 10,050 |
| 35% | Over 10,050 |
| Miscellaneous | 2006 Tax Rates |
| Personal Exemption | $3,300 |
| Business equipment expensing deduction | $108,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2005 tax liability |
| Standard mileage rate for business driving | 44.5 cents |
| Standard mileage rate for medical/moving driving | 18 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 |
| Unearned income maximum for children before kiddie tax applies | $850 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 5% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket | 15% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $4,000 if under
age 50 $5,000 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $10,000 if under
age 50 $12,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of compensation up to $44,000 |
| 401(k) maximum employee contribution limit | $15,000 if under
age 50 $20,000 if 50 or older |
| Self-employed health insurance deduction | 100% |
| Estate tax exemption | $2,000,000 |
| Annual Exclusion for Gifts | $12,000 |