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Our newsletters and tax tips are designed to give you the latest information about tax concerns that we find the most popular among our clients.  If you have a question about the information provided in our newsletter, please give us a call at (410) 653-6853.

 

Self-Employment
Tax strategies for the self-employed. Being self-employed can bring individuals great rewards and freedoms...
Clergy and Non-Profits
Tax information for religious and non-profit employees. ...
Health Care Professionals
Tax strategies for doctors, dentists and health care workers... ...
Educators
Tax strategies for teachers, daycare providers and education professionals...
Itemized Deductions
Must know deductions for every taxpayer...
 
 
2008 Tax Rates
Income Tax Brackets

There are six tax brackets for 2008. The income brackets for each tax rate are:
 
 
Single
Married Jointly
Head of Household
Married Separate
Tax Rate
$1-8,025
$1-16,050
$1-11,450
$1-8,025
10%
$8,026-32,550
$16,051-65,100
$11,451-43,650
$8,026-32,550
15%
$32,551-78,850
$65,101-131,450
$43,651-112,650
$32,551-78,850
25%
$78,851-164,550
$131,451-200,300
$112,651-182,400
$78,851-164,550
28%
$164,551-357,700
$200,301-357,700
$182,401-357,700
$164,551-357,700
33%
Over $357,700
Over $357,700
Over $357,700
Over $357,700
35%
 
     
 
2007 Tax Rates
Income Tax Brackets

There are six tax brackets for 2007. The income brackets for each tax rate are:
 
 
Single
Married Jointly
Head of Household
Married Separate
Tax Rate
$1-7,825
$1-15,650
$1-11,200
$1-7,825
10%
$7,825-31,850
$15,650-63,700
$11,200-42,650
$7,825-31,850
15%
$31,850-77,100
$63,700-128,500
$42,650-110,100
$31,850-64,250
25%
$77,100-160,850
$128,500-195,850
$110,100-178,350
$64,250-97,925
28%
$160,850-349,700
$195,850-349,700
$178,350-349,700
$97,925-174,850
33%
Over $349,700
Over $349,700
Over $349,700
Over $174,850
35%
 
     
 

2006 Tax Rates
Income Tax Brackets
There are six tax brackets for 2006. The income brackets for each tax rate are:

 
 

Single
Married Jointly
Head of Household
Married Separate
Tax Rate
$1-7,550
$1-15,100
$1-10,750
$1-7,550
10%
$7,551-30,650
$15,101-61,300
$10,751-41,050
$7,550-30,650
15%
$30,651-74,200
$61,301-123,700
$41,051-106,000
$30,650-61,850
25%
$74,201,154,800
$123,701-188,4580
$106,001-171,650
$61,850-94,225
28%
$154,801-336,550
$188,451-336,550
$171,651-336,550
$94,225-168,275
33%
Over $336,550
Over $336,550
Over $336,550
Over $168,275
35%

 
     
 
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