What's new for the Tax Year?
Business Mileage 65.5 cents
Charitable Mileage 14 cents
Medical Mileage 22 cents
Moving Mileage 22 cents
Kiddie Tax $2,500
Child Tax Credit $2000 per child 6 to 17 yrs old
Child Tax Credit $2000 per child 0 to under 6 yrs old
Dependent Care Tax Credit $3000 per child/dependent
or $6,000 2 or more children/dependent
Maximum Credit Amount $2,100
Annual Gift Tax Exclusion $17,000 per taxpayer
HSA Contribution max $ 3,850 ($ 7,750 family)
Traditional IRA contribution max $6,500
Business Mileage 65.5 cents
Charitable Mileage 14 cents
Medical Mileage 22 cents
Moving Mileage 22 cents
Kiddie Tax $2,500
Child Tax Credit $2000 per child 6 to 17 yrs old
Child Tax Credit $2000 per child 0 to under 6 yrs old
Dependent Care Tax Credit $3000 per child/dependent
or $6,000 2 or more children/dependent
Maximum Credit Amount $2,100
Annual Gift Tax Exclusion $17,000 per taxpayer
HSA Contribution max $ 3,850 ($ 7,750 family)
Traditional IRA contribution max $6,500