Financial Fitness - Fall 2012
Fall 2012 PDF
Fall 2012 Articles
- Health Care Reform Act: “The Penalty Tax”
- Employee or Independent Contractor?
- Clarified U.S. Auditing Standards
- Did You Know?
- Annual Lease Value Calculation (Auto Add-back)
- The Affordable Care Act is Phasing in ... Are You Prepared?
- Key Benefit Plan Limits for 2013
- Putting Together Your Tax Information: The “Short List” for Businesses and Individuals
- Average Itemized Deductions
- Income Tax Rates 2012
- 2013 Wage/Tax Facts Quick Reference Guide
The chart below provides the averages only for planning purposes and does not represent a suggested itemized deduction. In the event of an audit, itemized deductions may be investigated.
|$15,000 to $30,000||$7,783||$3,184||$8,434||$2,048|
|$30,001 to $50,000||$7,028||$3,943||$8,699||$2,274|
|$50,001 to $100,000||$7,269||$6,247||$10,133||$2,775|
|$100,001 to $200,000||$9,269||$11,069||$13,456||$3,888|
|$200,001 to $250,000||$21,599||$18,524||$17,572||$5,947|
|$250,001 or more||$38,149||$48,317||$25,527||$18,488|
*Data based on Preliminary 2009 IRS Statistics
To ensure compliance with requirements imposed by the IRS, please note, any advice contained in this publication was not intended, or written, to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. This publication is distributed with the understanding that the publisher and distributor are not providing legal, accounting or other professional advice and assume no liability whatsoever in conjunction with the information contained within this publication.