On this page you'll find helpful reference numbers such as rates, limits, and phase-outs. There are also rules and regulations about various tax subjects for you to review. If you have any questions about these numbers, please don't hesitate to contact us. Thanks!
Mileage Rates
2013: Standard Mileage Rate: $0.565 / mile Medical Mileage Rate: $0.24/mile
Charitable Mileage Rate: $0.14/mile
2012: Standard Mileage Rate: $0.555 / mile Medical Mileage Rate: $0.23/mile
Charitable Mileage Rate: $0.14/mile
Retirement Plan Contribution Limits
- IRA (Age 49 & Below) $5,000 $5,000 $5,500
- Catch-up for IRA (Over 50) $1,000 $1,000 $ 1,000
- Defined Contribution Plans $49,000 $50,000 $51,000
- 401(k), 403(b), & SAR-SEP $16,500 $17,000 $17,500
- Catch-up for401(k), 403(b), & SAR-SEP (Over 50) $5,500 $5,500 $ 5,500
- Simple Plan $11,500 $11,500 $12,000
- Catch-up for Simple Plan (Over 50) $2,500 $2,500 $ 2,500
- Social Security Taxable Wage Base $106,800 $110,000$113,700
2012 Personal Income Tax Rates
Marginal Tax Rate Single Married Filing Jointly Married Filing Separately Head of Household
10% $0 - $8,700 $0 -$17,400 $0 - $8,700 $0 - $12,400
15% $8,701- $35,350 $17,401 - $70,700 $8,701 - $35,350 $12,401 - $47,350
25% $35,351 - $85,650 $70,701 - $142,700 $35,351 - $71,350 $47,351 - $122,300
28% $85,651 - $178,650 $142,701 - $217,450 $71,351 - $108,725 $122,301 - $198,050
33% $178,651 - $388,350 $217,451 - $388,350 $108,726-– $194,175 $198,051 - $388,350
35% $388,351+ $388,351+ $194,176+ $388,351+
2012 Corporate Tax Rates
Marginal Tax Rate Taxable Income
25% minus $5,000 $50,000 - $75,000
34% minus $11,750 $75,000 - $100,000
39% minus $16,750 $100,000 - $335,000
34% $335,000 - $10,000,000
35% minus $100,000 $10,000,000 - $15,000,000
38% minus $550,000 $15,000,000 - $18,333,333
35% $18,333,333+
2012 Estates and Trusts 2011 2012
Marginal Tax Rate* Taxable IncomeTaxable Income
15% $0 - $2,300 $0 -$2,400
25% $2,300 - $5,450 $2,401 - $5,600
28% $5,450 - $8,300 $2,601 - $8,500
33% $8,300 - $11,350 $8,501 - $11,650
35% Over $11,350 Over $11,651
Formerly Galoia and Co LLC
Lisa Galoia, EA
7610 40th St W Suite 100
University Place, WA 98466
(253) 564-0404
(253) 564-0808 Fax