{"id":3476,"date":"2024-01-29T15:42:39","date_gmt":"2024-01-29T15:42:39","guid":{"rendered":"https:\/\/eaexam.co\/passfast\/?p=3476"},"modified":"2024-01-29T15:44:13","modified_gmt":"2024-01-29T15:44:13","slug":"tax-preparer-irs-inflation-adjusted-amounts-for-2023-tax-year","status":"publish","type":"post","link":"https:\/\/eaexam.co\/passfast\/tax-preparer-irs-inflation-adjusted-amounts-for-2023-tax-year\/","title":{"rendered":"Tax Preparer IRS Inflation Adjusted Amounts For 2023 Tax Year"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3476\" class=\"elementor elementor-3476\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f479e93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f479e93\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-402c065\" data-id=\"402c065\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ef452b elementor-widget elementor-widget-text-editor\" data-id=\"9ef452b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.19.0 - 28-02-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h1><span style=\"font-weight: 400;\">All Inflation Adjusted Amounts<\/span><\/h1><h2><b>Individuals<\/b><\/h2><p><span style=\"font-weight: 400;\">Additional Standard Deduction &#8211; Aged or Blind Individuals<\/span><\/p><p><span style=\"font-weight: 400;\">$1,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Additional Standard Deduction &#8211; Unmarried Individuals not a Surviving Spouse<\/span><\/p><p><span style=\"font-weight: 400;\">$1,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Adoption Assistance Programs &#8211; Exclusion amount for the adoption of a child with special needs<\/span><\/p><p><span style=\"font-weight: 400;\">$15,950<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Adoption Assistance Programs &#8211; Phase out end for modified adjusted gross income<\/span><\/p><p><span style=\"font-weight: 400;\">$279,230<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Adoption Assistance Programs &#8211; Phase out start for modified adjusted gross income<\/span><\/p><p><span style=\"font-weight: 400;\">$239,230<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Adoption Credit &#8211; Amount<\/span><\/p><p><span style=\"font-weight: 400;\">$15,950<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Adoption Credit &#8211; Phaseouts<\/span><\/p><p><span style=\"font-weight: 400;\">The Adoption Credit phased out for taxpayers with modified adjusted gross income in excess of $239,230 and completely phased out for taxpayers with modified adjusted gross income of $279,230 or more.<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Annual Exclusion for Gifts &#8211; Gifts to a spouse who is not a citizen of the United States<\/span><\/p><p><span style=\"font-weight: 400;\">$175,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Applicable Exclusion Amount for Estate and Gift Tax &#8211; Applicable Exclusion Amount<\/span><\/p><p><span style=\"font-weight: 400;\">$12,920,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Applicable Exclusion Amount for Estate and Gift Tax &#8211; Credit Amount<\/span><\/p><p><span style=\"font-weight: 400;\">$5,113,800<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Cafeteria Plans &#8211; Maximum carryover amount for unused health flexible spending arrangement funds<\/span><\/p><p><span style=\"font-weight: 400;\">$610<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Cafeteria Plans &#8211; Voluntary employee salary reduction contribution limit for health flexible spending arrangements<\/span><\/p><p><span style=\"font-weight: 400;\">$3,050<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Child Tax Credit &#8211; The amount used to determine the refundable portion of the Child Tax Credit.<\/span><\/p><p><span style=\"font-weight: 400;\">$1,600<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Credits and Deductions &#8211; Special rules deduction amount<\/span><\/p><p><span style=\"font-weight: 400;\">$4,700<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Completed Phaseout Amount for Married Filing Jointly with No Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$24,210<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Completed Phaseout Amount for Married Filing Jointly with One Qualifying Child<\/span><\/p><p><span style=\"font-weight: 400;\">$53,120<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Completed Phaseout Amount for Married Filing Jointly with Three or More Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$63,398<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Completed Phaseout Amount for Married Filing Jointly with Two Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$59,478<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Completed Phaseout Amount for Single, Surviving Spouse, or Head of Household with No Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$17,640<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Completed Phaseout Amount for Single, Surviving Spouse, or Head of Household with One Qualifying Child<\/span><\/p><p><span style=\"font-weight: 400;\">$46,560<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Completed Phaseout Amount for Single, Surviving Spouse, or Head of Household with Three or More Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$56,838<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Completed Phaseout Amount for Single, Surviving Spouse, or Head of Household with Two Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$52,918<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Earned Income Amount for No Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$7,840<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Earned Income Amount for One Qualifying Child<\/span><\/p><p><span style=\"font-weight: 400;\">$11,750<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Earned Income Amount for Three or More Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$16,510<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Earned Income Amount for Two Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$16,510<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Excessive Investment Income Limit<\/span><\/p><p><span style=\"font-weight: 400;\">$11,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Maximum Credit Amount for No Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$600<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Maximum Credit Amount for One Qualifying Child<\/span><\/p><p><span style=\"font-weight: 400;\">$3,995<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Maximum Credit Amount for Three or More Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$7,430<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Maximum Credit Amount for Two Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$6,604<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Threshold Phaseout Amount for Married Filing Jointly with No Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$16,370<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Threshold Phaseout Amount for Married Filing Jointly with One Qualifying Child<\/span><\/p><p><span style=\"font-weight: 400;\">$28,120<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Threshold Phaseout Amount for Married Filing Jointly with Three or More Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$28,120<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Threshold Phaseout Amount for Married Filing Jointly with Two Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$28,120<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Threshold Phaseout Amount for Single, Surviving Spouse, or Head of Household with No Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$9,800<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Threshold Phaseout Amount for Single, Surviving Spouse, or Head of Household with One Qualifying Child<\/span><\/p><p><span style=\"font-weight: 400;\">$21,560<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Threshold Phaseout Amount for Single, Surviving Spouse, or Head of Household with Three or More Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$21,560<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Earned Income Credit &#8211; Threshold Phaseout Amount for Single, Surviving Spouse, or Head of Household with Two Qualifying Children<\/span><\/p><p><span style=\"font-weight: 400;\">$21,560<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Elementary and Secondary School Teachers &#8211; Allowed deduction for qualified expenses<\/span><\/p><p><span style=\"font-weight: 400;\">$300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Eligible Long-Term Care Premiums &#8211; Limitation for age 40 or less<\/span><\/p><p><span style=\"font-weight: 400;\">$480<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Eligible Long-Term Care Premiums &#8211; Limitation for ages more than 40 but not more than 50<\/span><\/p><p><span style=\"font-weight: 400;\">$890<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Eligible Long-Term Care Premiums &#8211; Limitation for ages more than 50 but not more than 60<\/span><\/p><p><span style=\"font-weight: 400;\">$1,790<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Eligible Long-Term Care Premiums &#8211; Limitation for ages more than 60 but not more than 70<\/span><\/p><p><span style=\"font-weight: 400;\">$4,770<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Eligible Long-Term Care Premiums &#8211; Limitation for ages more than 70<\/span><\/p><p><span style=\"font-weight: 400;\">$5,960<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">ERISA and Tax Code Pension and Retirement Plan Limits &#8211; Catch-Up Contribution Limit for Participants Age 50 or Older<\/span><\/p><p><span style=\"font-weight: 400;\">$7,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">ERISA and Tax Code Pension and Retirement Plan Limits &#8211; Qualified Plans \u2013 Annual Compensation Limit<\/span><\/p><p><span style=\"font-weight: 400;\">$330,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">ERISA and Tax Code Pension and Retirement Plan Limits &#8211; \u00a7401(k), \u00a7403(b), &amp; \u00a7457<\/span><\/p><p><span style=\"font-weight: 400;\">$22,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Estate Tax &#8211; 2-percent portion for calculating interest on estate tax payable in installments<\/span><\/p><p><span style=\"font-weight: 400;\">$1,750,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Estate Tax &#8211; Limit on value decrease for qualified real property under special use valuation<\/span><\/p><p><span style=\"font-weight: 400;\">$1,310,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Estate Tax &#8211; Unified credit against estate tax basic exclusion amount<\/span><\/p><p><span style=\"font-weight: 400;\">$12,920,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Complete phaseout amount for Estates and Trusts<\/span><\/p><p><span style=\"font-weight: 400;\">$208,200<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Complete phaseout amount for Joint Returns or Surviving Spouses<\/span><\/p><p><span style=\"font-weight: 400;\">$1,662,300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Complete phaseout amount for Married Individuals Filing Separate Returns<\/span><\/p><p><span style=\"font-weight: 400;\">$831,150<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Complete phaseout amount for Unmarried Individuals (other than Surviving Spouses)<\/span><\/p><p><span style=\"font-weight: 400;\">$903,350<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Estates and Trusts<\/span><\/p><p><span style=\"font-weight: 400;\">$28,400<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Excess taxable income above which the 28 percent tax rate applies for All Other Taxpayers<\/span><\/p><p><span style=\"font-weight: 400;\">$220,700<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Excess taxable income above which the 28 percent tax rate applies for Married Individuals Filing Separate Returns<\/span><\/p><p><span style=\"font-weight: 400;\">$110,350<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Joint Returns or Surviving Spouses<\/span><\/p><p><span style=\"font-weight: 400;\">$126,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Married Individuals Filing Separate Returns<\/span><\/p><p><span style=\"font-weight: 400;\">$63,250<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Threshold phaseout amount for Estates and Trusts<\/span><\/p><p><span style=\"font-weight: 400;\">$94,600<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Threshold phaseout amount for Joint Returns or Surviving Spouses<\/span><\/p><p><span style=\"font-weight: 400;\">$1,156,300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Threshold phaseout amount for Married Individuals Filing Separate Returns<\/span><\/p><p><span style=\"font-weight: 400;\">$578,150<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Threshold phaseout amount for Unmarried Individuals (other than Surviving Spouses)<\/span><\/p><p><span style=\"font-weight: 400;\">$578,150<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Exemption Amounts for Alternative Minimum Tax &#8211; Unmarried Individuals (other than Surviving Spouses)<\/span><\/p><p><span style=\"font-weight: 400;\">$81,300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Expatriation &#8211; Average annual net income tax limit for covered expatriates<\/span><\/p><p><span style=\"font-weight: 400;\">$190,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Expatriation &#8211; Reduction amount for covered expatriate gross income<\/span><\/p><p><span style=\"font-weight: 400;\">$821,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Foreign Earned Income &#8211; Exclusion amount<\/span><\/p><p><span style=\"font-weight: 400;\">$120,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Foreign Earned Income &#8211; Maximum Foreign Earned Income Exclusion<\/span><\/p><p><span style=\"font-weight: 400;\">$120,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Foreign Gift Reporting &#8211; Threshold for reporting large gifts from foreign persons<\/span><\/p><p><span style=\"font-weight: 400;\">$18,567<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Gift Tax Annual Exclusion &#8211; Applicable Exclusion Amount<\/span><\/p><p><span style=\"font-weight: 400;\">$17,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Gift Tax Annual Exclusion &#8211; Married Couples Amount<\/span><\/p><p><span style=\"font-weight: 400;\">$34,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Health Savings Accounts &#8211; Contribution Limits &#8211; Age 55+ Catch-up<\/span><\/p><p><span style=\"font-weight: 400;\">$1,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Health Savings Accounts &#8211; Contribution Limits &#8211; Family<\/span><\/p><p><span style=\"font-weight: 400;\">$7,750<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Health Savings Accounts &#8211; Contribution Limits &#8211; Single<\/span><\/p><p><span style=\"font-weight: 400;\">$3,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Income from U.S. Savings Bonds &#8211; Complete phaseout modified adjusted gross income for all other returns paying higher education expenses<\/span><\/p><p><span style=\"font-weight: 400;\">$106,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Income from U.S. Savings Bonds &#8211; Complete phaseout modified adjusted gross income for joint returns paying higher education expenses<\/span><\/p><p><span style=\"font-weight: 400;\">$167,800<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Income from U.S. Savings Bonds &#8211; Phaseout starting modified adjusted gross income for all other returns paying higher education expenses<\/span><\/p><p><span style=\"font-weight: 400;\">$91,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Income from U.S. Savings Bonds &#8211; Phaseout starting modified adjusted gross income for joint returns paying higher education expenses<\/span><\/p><p><span style=\"font-weight: 400;\">$137,800<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Individual Tax Amounts &#8211; Per diem limitation under \u00a7 7702B(d)(4) for periodic payments received under a qualified long-term care insurance contract<\/span><\/p><p><span style=\"font-weight: 400;\">$420<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Interest on Education Loans &#8211; Deduction phase-out end for MFJ filers<\/span><\/p><p><span style=\"font-weight: 400;\">$185,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Interest on Education Loans &#8211; Deduction phase-out end for single filers<\/span><\/p><p><span style=\"font-weight: 400;\">$90,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Interest on Education Loans &#8211; Deduction phase-out start for MFJ filers<\/span><\/p><p><span style=\"font-weight: 400;\">$155,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Interest on Education Loans &#8211; Deduction phase-out start for single filers<\/span><\/p><p><span style=\"font-weight: 400;\">$75,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Kiddie Tax &#8211; Amount used to reduce the net unearned income subject to &#8220;kiddie tax&#8221;.<\/span><\/p><p><span style=\"font-weight: 400;\">$1,250<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Kiddie Tax &#8211; Maximum gross income threshold for parental election to include a child\u2019s income.<\/span><\/p><p><span style=\"font-weight: 400;\">$12,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Kiddie Tax &#8211; Minimum gross income for parental election to include a child\u2019s income.<\/span><\/p><p><span style=\"font-weight: 400;\">$1,250<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum 15 percent rate amount for all other individuals.<\/span><\/p><p><span style=\"font-weight: 400;\">$492,300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum 15 percent rate amount for Estates and Trusts.<\/span><\/p><p><span style=\"font-weight: 400;\">$14,650<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum 15 percent rate amount for Heads of Household.<\/span><\/p><p><span style=\"font-weight: 400;\">$523,050<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum 15 percent rate amount for Married Filing Jointly and Surviving Spouse.<\/span><\/p><p><span style=\"font-weight: 400;\">$553,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum 15 percent rate amount for Married Filing Separately.<\/span><\/p><p><span style=\"font-weight: 400;\">$276,900<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum zero rate amount for all other individuals.<\/span><\/p><p><span style=\"font-weight: 400;\">$44,625<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum zero rate amount for Estates and Trusts.<\/span><\/p><p><span style=\"font-weight: 400;\">$3,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum zero rate amount for Heads of Household.<\/span><\/p><p><span style=\"font-weight: 400;\">$59,750<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum zero rate amount for Married Filing Jointly and Surviving Spouse.<\/span><\/p><p><span style=\"font-weight: 400;\">$89,250<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Capital Gains Rate &#8211; The maximum zero rate amount for Married Filing Separately.<\/span><\/p><p><span style=\"font-weight: 400;\">$44,625<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Medical Savings Accounts &#8211; Maximum annual deductible for family coverage<\/span><\/p><p><span style=\"font-weight: 400;\">$7,900<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Medical Savings Accounts &#8211; Maximum annual deductible for self-only coverage<\/span><\/p><p><span style=\"font-weight: 400;\">$3,950<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Medical Savings Accounts &#8211; Maximum annual out-of-pocket expenses for family coverage<\/span><\/p><p><span style=\"font-weight: 400;\">$9,650<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Medical Savings Accounts &#8211; Maximum annual out-of-pocket expenses for self-only coverage<\/span><\/p><p><span style=\"font-weight: 400;\">$5,300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Medical Savings Accounts &#8211; Minimum annual deductible for family coverage<\/span><\/p><p><span style=\"font-weight: 400;\">$5,300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Medical Savings Accounts &#8211; Minimum annual deductible for self-only coverage<\/span><\/p><p><span style=\"font-weight: 400;\">$2,650<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualified Business Income &#8211; Phase-in range amount for All Other returns<\/span><\/p><p><span style=\"font-weight: 400;\">$232,100<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualified Business Income &#8211; Phase-in range amount for Married Filing Joint returns<\/span><\/p><p><span style=\"font-weight: 400;\">$464,200<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualified Business Income &#8211; Phase-in range amount for Married Filing Separate returns<\/span><\/p><p><span style=\"font-weight: 400;\">$232,100<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualified Business Income &#8211; Threshold amount for All Other returns<\/span><\/p><p><span style=\"font-weight: 400;\">$182,100<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualified Business Income &#8211; Threshold amount for Married Filing Joint returns<\/span><\/p><p><span style=\"font-weight: 400;\">$364,200<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualified Business Income &#8211; Threshold amount for Married Filing Separate returns<\/span><\/p><p><span style=\"font-weight: 400;\">$182,100<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualified Transportation Fringe Benefit &#8211; Monthly limitation for qualified parking exclusion amount<\/span><\/p><p><span style=\"font-weight: 400;\">$300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualified Transportation Fringe Benefit &#8211; Monthly limitation for transportation in a commuter highway vehicle and any transit pass<\/span><\/p><p><span style=\"font-weight: 400;\">$300<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Qualifying Relative &#8211; Gross income limitation exemption amount<\/span><\/p><p><span style=\"font-weight: 400;\">$4,700<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Refundable Credit for Coverage Under a Qualified Health Plan &#8211; Limitation amount for all other taxpayers with household income at least 200% but less than 300%<\/span><\/p><p><span style=\"font-weight: 400;\">$1,800<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Refundable Credit for Coverage Under a Qualified Health Plan &#8211; Limitation amount for all other taxpayers with household income at least 300% but less than 400%<\/span><\/p><p><span style=\"font-weight: 400;\">$3,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Refundable Credit for Coverage Under a Qualified Health Plan &#8211; Limitation amount for all other taxpayers with household income less than 200%<\/span><\/p><p><span style=\"font-weight: 400;\">$700<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Refundable Credit for Coverage Under a Qualified Health Plan &#8211; Limitation amount for unmarried individuals (other than surviving spouses and heads of household) with household income at least 200% but less than 300%<\/span><\/p><p><span style=\"font-weight: 400;\">$900<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Refundable Credit for Coverage Under a Qualified Health Plan &#8211; Limitation amount for unmarried individuals (other than surviving spouses and heads of household) with household income at least 300% but less than 400%<\/span><\/p><p><span style=\"font-weight: 400;\">$1,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Refundable Credit for Coverage Under a Qualified Health Plan &#8211; Limitation amount for unmarried individuals (other than surviving spouses and heads of household) with household income less than 200%<\/span><\/p><p><span style=\"font-weight: 400;\">$350<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Roth IRAs &#8211; Deduction Phase-Out Range (Modified AGI) &#8211; Married Filing Jointly<\/span><\/p><p><span style=\"font-weight: 400;\">$218,000-$228,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Roth IRAs &#8211; Deduction Phase-Out Range (Modified AGI) &#8211; Married Filing Separately<\/span><\/p><p><span style=\"font-weight: 400;\">$0-$10,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Roth IRAs &#8211; Deduction Phase-Out Range (Modified AGI) &#8211; Single or Head of Household<\/span><\/p><p><span style=\"font-weight: 400;\">$138,000-$153,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Social Security and Self-Employment Tax Limit<\/span><\/p><p><span style=\"font-weight: 400;\">$160,200<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Deduction &#8211; All Other Taxpayers<\/span><\/p><p><span style=\"font-weight: 400;\">$13,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Deduction &#8211; Dependent Individual Cap<\/span><\/p><p><span style=\"font-weight: 400;\">greater of $1,250 or sum of $400 and the individual\u2019s earned income<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Deduction &#8211; Heads of Households<\/span><\/p><p><span style=\"font-weight: 400;\">$20,800<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Deduction &#8211; Heads of Households<\/span><\/p><p><span style=\"font-weight: 400;\">$20,800<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Deduction &#8211; Married Filing Jointly and Surviving Spouses<\/span><\/p><p><span style=\"font-weight: 400;\">$27,700<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Deduction &#8211; Married Individuals Filing Joint Returns and Surviving Spouses<\/span><\/p><p><span style=\"font-weight: 400;\">$27,700<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Deduction &#8211; Married Individuals Filing Separate Returns<\/span><\/p><p><span style=\"font-weight: 400;\">$13,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Deduction &#8211; Unmarried Individuals (not Surviving Spouses or Head of Households)<\/span><\/p><p><span style=\"font-weight: 400;\">$13,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Tax Penalties &#8211; Minimum penalty for failure to file income tax return within 60 days of due date<\/span><\/p><p><span style=\"font-weight: 400;\">Lesser of $485 or 100%<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Traditional IRAs &amp; Roth IRAs Catch-Up Contribution for Participants Age 50 or Older<\/span><\/p><p><span style=\"font-weight: 400;\">$1,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Traditional IRAs &amp; Roth IRAs Contribution Limits<\/span><\/p><p><span style=\"font-weight: 400;\">$6,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Traditional IRAs &#8211; Deduction Phase-Out Range (Modified AGI) &#8211; Married Filing Jointly and Participant in Employer Plan<\/span><\/p><p><span style=\"font-weight: 400;\">$116,000-$136,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Traditional IRAs &#8211; Deduction Phase-Out Range (Modified AGI) &#8211; Married Filing Jointly and Spouse in Employer Plan<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">$218,000-$228,000<\/span><\/p><p><span style=\"font-weight: 400;\">Traditional IRAs &#8211; Deduction Phase-Out Range (Modified AGI) &#8211; Single or Head of Household and in Employer Plan<\/span><\/p><p><span style=\"font-weight: 400;\">$73,000-$83,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Wages and Salary &#8211; Exempt amount for calculation under \u00a7 6334(d)(4)(B)<\/span><\/p><p><span style=\"font-weight: 400;\">$4,700<\/span><\/p><p>\u00a0<\/p><h2><b>Business<\/b><\/h2><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Agricultural Bonds &#8211; Loan limit amount for first-time farmers<\/span><\/p><p><span style=\"font-weight: 400;\">$616,100<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Calendar Year Maximum penalty for correction after 30th day but on or before August 1, 2024 for large businesses under \u00a7 6721(b)(2)<\/span><\/p><p><span style=\"font-weight: 400;\">$1,891,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Calendar Year Maximum penalty for correction after 30th day but on or before August 1, 2024 for small businesses under \u00a7 6721(d)(1)(C)<\/span><\/p><p><span style=\"font-weight: 400;\">$630,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Calendar Year Maximum penalty for correction on or before 30 days after required filing date for large businesses under \u00a7 6721(b)(1)<\/span><\/p><p><span style=\"font-weight: 400;\">$630,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Calendar Year Maximum penalty for correction on or before 30 days after required filing date for small businesses under \u00a7 6721(d)(1)(B)<\/span><\/p><p><span style=\"font-weight: 400;\">$220,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Calendar Year Maximum penalty for large businesses under \u00a7 6721(a)(1)<\/span><\/p><p><span style=\"font-weight: 400;\">$3,783,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Calendar Year Maximum penalty for small businesses under \u00a7 6721(d)(1)(A)<\/span><\/p><p><span style=\"font-weight: 400;\">$1,261,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; General Rule for large businesses penalty per return under \u00a7 6721(a)(1)<\/span><\/p><p><span style=\"font-weight: 400;\">$310<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; General Rule for small businesses penalty per return under \u00a7 6721(d)(1)(A)<\/span><\/p><p><span style=\"font-weight: 400;\">$310<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Penalty for intentional disregard of filing requirement for returns other than those required under specific sections under \u00a7 6721(e)(2)(A)<\/span><\/p><p><span style=\"font-weight: 400;\">Greater of $630 or 10% of aggregate<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Penalty for intentional disregard of filing requirement for returns required under specific sections under \u00a7 6721(e)(2)(B)<\/span><\/p><p><span style=\"font-weight: 400;\">Greater of $630 or 5% of aggregate<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Penalty for intentional disregard of filing requirement for returns required under \u00a7 6050I(a) under \u00a7 6721(e)(2)(C)<\/span><\/p><p><span style=\"font-weight: 400;\">Greater of $31,520 or the amount of cash received up to $126,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Penalty for intentional disregard of filing requirement for returns required under \u00a7 6050V under \u00a7 6721(e)(2)(D)<\/span><\/p><p><span style=\"font-weight: 400;\">Greater of $630 or 10% of contract value<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Penalty per return for correction after 30th day but on or before August 1, 2024 for large businesses under \u00a7 6721(b)(2)<\/span><\/p><p><span style=\"font-weight: 400;\">$120<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Penalty per return for correction after 30th day but on or before August 1, 2024 for small businesses under \u00a7 6721(d)(1)(C)<\/span><\/p><p><span style=\"font-weight: 400;\">$120<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Penalty per return for correction on or before 30 days after required filing date for large businesses under \u00a7 6721(b)(1)<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax &#8211; Penalty per return for correction on or before 30 days after required filing date for small businesses under \u00a7 6721(d)(1)(B)<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax Amounts &#8211; Qualified small employer health reimbursement arrangement limit for family coverage under \u00a7 9831(d)<\/span><\/p><p><span style=\"font-weight: 400;\">$11,800<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Business Tax Amounts &#8211; Qualified small employer health reimbursement arrangement limit for individual coverage under \u00a7 9831(d)<\/span><\/p><p><span style=\"font-weight: 400;\">$5,850<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Cash Method of Accounting &#8211; Gross receipts test limit<\/span><\/p><p><span style=\"font-weight: 400;\">$29,000,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Charitable Contributions &#8211; Insubstantial benefits return limits for full deduction<\/span><\/p><p><span style=\"font-weight: 400;\">$12.50, $62.50, $125<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Charitable Contributions &#8211; Low cost article limit for certain exempt organizations<\/span><\/p><p><span style=\"font-weight: 400;\">$12.50 or less<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Debt Instruments &#8211; Limits on principal of qualified and cash method debt instruments<\/span><\/p><p><span style=\"font-weight: 400;\">$6,734,800; $4,810,600<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Dues to Agricultural Organizations &#8211; Limitation on exemption<\/span><\/p><p><span style=\"font-weight: 400;\">$191<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Election to Expense &#8211; Maximum Section 179 property cost<\/span><\/p><p><span style=\"font-weight: 400;\">$1,160,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Election to Expense &#8211; Phase-out start for Section 179 property cost<\/span><\/p><p><span style=\"font-weight: 400;\">$2,890,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Election to Expense &#8211; SUV cost limitation under Section 179<\/span><\/p><p><span style=\"font-weight: 400;\">$28,900<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Employee Health Insurance Expense of Small Employers &#8211; Dollar amount in effect for limiting the small employer health insurance credit<\/span><\/p><p><span style=\"font-weight: 400;\">$30,700<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Energy Efficient Commercial Building Deduction &#8211; Base applicable dollar value<\/span><\/p><p><span style=\"font-weight: 400;\">$0.54<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Energy Efficient Commercial Building Deduction &#8211; Base applicable dollar value for certain property<\/span><\/p><p><span style=\"font-weight: 400;\">$2.68<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Energy Efficient Commercial Building Deduction &#8211; Maximum value increase per percentage point reduction<\/span><\/p><p><span style=\"font-weight: 400;\">$1.07<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Energy Efficient Commercial Building Deduction &#8211; Maximum value increase per percentage point reduction for certain property<\/span><\/p><p><span style=\"font-weight: 400;\">$5.36<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">ERISA and Tax Code Pension and Retirement Plan Limits &#8211; Defined Contribution \u2014 Maximum Annual Addition<\/span><\/p><p><span style=\"font-weight: 400;\">$66,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">ERISA and Tax Code Pension and Retirement Plan Limits &#8211; SIMPLE IRS 50 or Older Additional Catch Up Amount<\/span><\/p><p><span style=\"font-weight: 400;\">$3,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">ERISA and Tax Code Pension and Retirement Plan Limits &#8211; SIMPLE IRS Contribution Limit<\/span><\/p><p><span style=\"font-weight: 400;\">$15,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Excess Business Loss &#8211; Limit for individual filers<\/span><\/p><p><span style=\"font-weight: 400;\">$289,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Excess Business Loss &#8211; Limit for MFJ filers<\/span><\/p><p><span style=\"font-weight: 400;\">$578,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Failure to File Penalty &#8211; Partnership Return<\/span><\/p><p><span style=\"font-weight: 400;\">$235<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Failure to File Penalty &#8211; S Corporation Return<\/span><\/p><p><span style=\"font-weight: 400;\">$235<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">First-Year Expensing Limits &#8211; \u00a7179 Expensing Limit<\/span><\/p><p><span style=\"font-weight: 400;\">$1,160,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">First-Year Expensing Limits &#8211; \u00a7179 Property Cost Phaseout Begins<\/span><\/p><p><span style=\"font-weight: 400;\">$2,890,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">General Arbitrage Rebate Rules &#8211; Computation credit amount<\/span><\/p><p><span style=\"font-weight: 400;\">$1,960<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Low-Income Housing Credit &#8211; Amount used to calculate the State housing credit ceiling<\/span><\/p><p><span style=\"font-weight: 400;\">$3,185,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Private Activity Bonds &#8211; State ceiling volume cap calculation<\/span><\/p><p><span style=\"font-weight: 400;\">$358,845,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Rehabilitation Expenditures Treated as Separate New Building &#8211; Per low-income unit qualified basis amount<\/span><\/p><p><span style=\"font-weight: 400;\">$7,900<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Safe Harbor Rules for Broker Commissions &#8211; Lesser of limit for qualified administrative cost<\/span><\/p><p><span style=\"font-weight: 400;\">$46,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Safe Harbor Rules for Broker Commissions &#8211; Maximum total brokers\u2019 commissions treated as qualified administrative costs<\/span><\/p><p><span style=\"font-weight: 400;\">$130,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Safe Harbor Rules for Broker Commissions &#8211; Minimum fee treated as a qualified administrative cost<\/span><\/p><p><span style=\"font-weight: 400;\">$5,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Standard Mileage Rate<\/span><\/p><p><span style=\"font-weight: 400;\">65.5<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Tax on Insurance Companies &#8211; Alternative tax election limit for small companies<\/span><\/p><p><span style=\"font-weight: 400;\">$2,650,000<\/span><\/p><p>\u00a0<\/p><h2><b>RPP<\/b><\/h2><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Other Assessable Penalties &#8211; Failure to file correct information returns<\/span><\/p><p><span style=\"font-weight: 400;\">$30,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Other Assessable Penalties &#8211; Failure to furnish copy to taxpayer<\/span><\/p><p><span style=\"font-weight: 400;\">$30,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Other Assessable Penalties &#8211; Failure to furnish identifying number<\/span><\/p><p><span style=\"font-weight: 400;\">$30,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Other Assessable Penalties &#8211; Failure to retain copy or list<\/span><\/p><p><span style=\"font-weight: 400;\">$30,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Maximum Other Assessable Penalties &#8211; Failure to sign return<\/span><\/p><p><span style=\"font-weight: 400;\">$30,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Other Assessable Penalties &#8211; Failure to be diligent in determining eligibility for head of household filing status, child tax credit, American Opportunity tax credit, and earned income credit<\/span><\/p><p><span style=\"font-weight: 400;\">$600<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Other Assessable Penalties &#8211; Failure to file correct information returns (per return and item in return)<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Other Assessable Penalties &#8211; Failure to furnish copy to taxpayer<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Other Assessable Penalties &#8211; Failure to furnish identifying number<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Other Assessable Penalties &#8211; Failure to retain copy or list<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Other Assessable Penalties &#8211; Failure to sign return<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Other Assessable Penalties &#8211; Negotiation of check (per check)<\/span><\/p><p><span style=\"font-weight: 400;\">$600<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Amount of serious delinquent tax debt under \u00a7 7345 for passport revocation or denial<\/span><\/p><p><span style=\"font-weight: 400;\">$59,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Maximum calendar year penalty if corrected after 30th day but on or before August 1 for gross receipts &gt; $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$1,891,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Maximum calendar year penalty if corrected after 30th day but on or before August 1 for gross receipts ? $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$630,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Maximum calendar year penalty if corrected within 30 days for gross receipts &gt; $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$630,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Maximum calendar year penalty if corrected within 30 days for gross receipts ? $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$220,500<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Maximum calendar year penalty under General Rule for gross receipts &gt; $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$3,783,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Maximum calendar year penalty under General Rule for gross receipts ? $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$1,261,000<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Penalty for intentional disregard of furnishing payee statements<\/span><\/p><p><span style=\"font-weight: 400;\">Greater of $630 or 10% of aggregate amount<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Penalty per statement if corrected after 30th day but on or before August 1 for gross receipts &gt; $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$120<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Penalty per statement if corrected after 30th day but on or before August 1 for gross receipts ? $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$120<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Penalty per statement if corrected within 30 days for gross receipts &gt; $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Penalty per statement if corrected within 30 days for gross receipts ? $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$60<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Penalty per statement under General Rule for gross receipts &gt; $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$310<\/span><\/p><p>\u00a0<\/p><p><span style=\"font-weight: 400;\">Representation, Practices &amp; Procedures &#8211; Penalty per statement under General Rule for gross receipts ? $5M<\/span><\/p><p><span style=\"font-weight: 400;\">$310<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>All Inflation Adjusted Amounts Individuals Additional Standard Deduction &#8211; Aged or Blind Individuals $1,500 \u00a0 Additional Standard Deduction &#8211; Unmarried Individuals not a Surviving Spouse $1,850 \u00a0 Adoption Assistance Programs &#8211; Exclusion amount for the adoption of a child with special needs $15,950 \u00a0 Adoption Assistance Programs &#8211; Phase out end for modified adjusted gross [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/posts\/3476"}],"collection":[{"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/comments?post=3476"}],"version-history":[{"count":4,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/posts\/3476\/revisions"}],"predecessor-version":[{"id":3481,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/posts\/3476\/revisions\/3481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/media\/3477"}],"wp:attachment":[{"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/media?parent=3476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/categories?post=3476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eaexam.co\/passfast\/wp-json\/wp\/v2\/tags?post=3476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}