Monthly Archives: December 2012

Personal Exemptions Allowances:  The annualized allowance for each tax payer and dependent is $4,000.   The reason for the odd number is due to the fact that the annual rate changed as of October 1, 2012.  Additional exemption allowances were … Continue reading →

Personal Exemption Allowances:   Personal and Dependent amounts are $4,050 Each. Capital Gains and Qualified Dividends:  If you are in the 10 OR 15% tax bracket,  the tax rate is 0%.   For other income tax brackets, the tax rate … Continue reading →