2018 Important Tax Info - Call us at 702-735-1163 to make an appointment.
- A higher standard deduction may be claimed for taxpayers who paid state & local taxes, or suffered losses in a disaster.
- 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
- 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