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2018 Important Tax Info - Call us at 702-735-1163 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.
  • 2018 Tax Figures - Standard Deduction
- Single - $12,000
- Joint Return - $24,000
- Head of Household - $18,000
- Married filing separately - $12,000
- Personal Exemptions - $0

Mileage Rates
  • Deductible Business Mileage - 54.5 cents
  • Qualifying Medical/Moving - 18 cents
  • Qualifying Charitable Miles - 14 cents

Estate & Gift Taxes
  • Annual Gift Tax Exclusion - $15,000
  • Gift Tax Exclusion - $5,600,000
  • GST Tax Exemption - $5,600,000