Tax Guru – Ker$tetter Letter

Helping real people win the tax game.

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Archive for September 20th, 2010

Posted by taxguru on September 20, 2010

From StrangePolitics:

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2011 Federal Tax Brackets

Posted by taxguru on September 20, 2010

Once again, CCH is the first I am aware of to release the inflation adjusted Federal tax information for the following year.

Of course, with all of the discussion about extending or not extending the Bush tax cuts for some or all taxpayers, these schedules may have to be completely revised before we prepare any actual 2010 tax returns.

In anticipation of one of the most common questions I receive, the annual exemption from Gift Tax will remain at $13,000 per donor per donee for 2011.  The amount can only be increased in even $1,000 increments and inflation hasn’t been high enough to warrant that as of yet.

 

Posted in Uncategorized | Comments Off on 2011 Federal Tax Brackets