ACCOUNTING AND TAX SERVICES BY CPA'S
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2017 Tax Changes


2017 Standard Deduction
Married Filing Jointly                                       $12,700
Single                                                                                6,350
Married Filing Seperate                                        6,350
Head of Household                                                  9,350
Dependent Taxpayers                                           1,100


2017 Tax Rates (Adjusted for Inflation)


Single /MFS                              $0-$9,325                                  10%
                                                           $9,325-$37,950                    15%
                                                              $37,950-$91,900                 25%
                                                              $91,900-$190,650              28%

                                                              $190,650-$416,700           33%
                                                              $416,700-$418400            35%
                                                              $415,050  +                            39.6%

MFJ                                         
$0 to $18,650                         1 0%
                                                              $18,650-$75,900                 15%
                                                              $75, 900 -$153,100           25%
                                                              $153,100-$233,350          28%
                                                              $233,350-$416,700          33%
                                                              $416,700-$470,700          35%      
                                                              $470,700 +                            39.6%

HoH                                          $0-$13,500                               10%
                                                             $13,500-$50,800                 15%
                                                             $50,800-$130,200              25%
                                                             $130,200-$212,500           28%
                                                             $212,500-$416,700           33%  
                                                             $416,700-$444,5000        35%
                                                             $444,550  +                            39.6%

Estate Tax Exemption
$5,490,000

Medical Expenses
To be deducted for those 65 and over must exceed 10% of AGI starting in 2017 as opposed to 7.5% in 2016.

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