Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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2006 Federal Tax Brackets

Posted by taxguru on September 16, 2005

CCH has computed the inflation adjusted individual income tax brackets for 2006.

Besides the new income tax brackets and standard deductions, there are some other upward adjustments of note.

Maximum Section 179 deduction rises to $108,000 for 2006

The annual amount of gifts that are exempt from gift tax increases from the current $11,000 per year to $12,000 per year as of 1/1/06.

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