2011 Important Tax Info - Call us at 702-253-7511 to make an appointment.

Standard Deduction
  • A higher standard deduction may be claimed for taxpayers who paid state & local taxes, or suffered losses in a disaster.
  • See Schedule L.
  • 2011 Tax Figures
- Single - $5,800
- Joint Return - $11,600
- Head of Household - $8,500
- Married filing separately - $5,800
- Personal Exemptions - $3,700

Mileage Rates
  • Deductible Business Mileage - 51 cents (1/1-6/30) 55.5 cents (7/1-12/31)
  • Qualifying Medical/Moving - 19 cents
  • Qualifying Charitable Miles - 14 cents

Estate & Gift Taxes
  • Annual Gift Tax Exclusion - $13,000
  • Gift Tax Exclusion - $5,000,000
  • GST Tax Exemption - $5,000,000