• Home
  • Services
    • Accounting
    • Business Accounting
    • Chartered Accountant
    • IRS Help Services
    • Law Firm Accounting
    • Small Business Accounting
    • Tax Preparation
  • About Us
  • Due Dates
  • Tax Rates

Steven S. Chalawsky, CPA

Helping Legally Pay The Least Amount Of Taxes
Towson, MD
Why Choose Us?
  • Free Initial Consultation (Call For Details)
  • Attention To Detail
  • Dedicated To Client Satisfaction
  • In Business For Over 25 Years
  • Certified (CPA)
  • Year-Round Service
  • Flexible Hours
Business Hours
Mon - Fri: 9:00am - 5:00pm Weekends: By appointment
gallery
gallery

2017 Tax Rates Schedule X - Single

If taxable income is over
But not over
The tax is
$0
$9,325
10% of the taxable amount
$9,325
$37,950
$932.50 plus 15% of the excess over $9,325
$37,950
$91,900
$5,226.25 plus 25% of the excess over $37,950
$91,900
$191,650
$18,713.75 plus 28% of the excess over $91,900
$191,650
$416,700
$46,643.75 plus 33% of the excess over $191,650
$416,700
$418,400
$120,910.25 plus 35% of the excess over $416,700
Over $418,400
no limit
$121,505.25 plus 39.6% of the excess over $418,400

2017 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)

If taxable income is over
But not over
The tax is
$0
$18,650
10% of the taxable amount
$18,650
$75,900
$1,865 plus 15% of the excess over $18,650
$75,900
$153,100
$10,452.50 plus 25% of the excess over $75,900
$153,100
$233,350
$29,752.50 plus 28% of the excess over $153,100
$233,350
$416,700
$52,222.50 plus 33% of the excess over $233,350
$416,700
$470,700
$112,728 plus 35% of the excess over $416,700
$470,700
no limit
$131,628 plus 39.6% of the excess over $470,700

2017 Tax Rates Schedule Y-2 - Married Filing Separately

If taxable income is over
But not over
The tax is
$0
$9,325
10% of the taxable amount
$9,325
$37,950
$932.50 plus 15% of the excess over $9,325
$37,950
$76,550
$5,226.25 plus 25% of the excess over $37,950
$76,550
$116,675
$14,876.25 plus 28% of the excess over $76,550
$116,675
$208,350
$26,111.25 plus 33% of the excess over $116,675
$208,350
$235,350
$56,364 plus 35% of the excess over $208,350
Over $235,350
no limit
$65,814 plus 39.6% of the excess over $235,350

2017 Tax Rates Schedule Z - Head of Household

If taxable income is over
But not over
The tax is
$0
$13,350
10% of the taxable amount
$13,350
$50,800
$1,335 plus 15% of the excess over $13,350
$50,800
$131,200
$6,952.50 plus 25% of the excess over $50,800
$131,200
$212,500
$27,052.50 plus 28% of the excess over $131,200
$212,500
$416,700
$49,816.50 plus 33% of the excess over $212,500
$416,700
$444,550
$117,202.50 plus 35% of the excess over $416,700
$444,550
no limit
$126,950 plus 39.6% of the excess over $444,550

2017 Tax Rates Estates & Trusts

If taxable income is over
But not over
The tax is
$0
$2,550
15% of the taxable income
$2,550
$6,000
$382.50 plus 25% of the excess over $2,550
$6,000
$9,150
$1,245 plus 28% of the excess over $6,000
$9,150
$12,500
$2,127 plus 33% of the excess over $9,150
$12,500
no limit
$3,232.50 plus 39.6% of the excess over $12,500

Social Security 2017 Tax Rates

Base Salary
$127,200
Social Security Tax Rate
6.2%
Maximum Social Security Tax
$7,886.40
Medicare Base Salary
unlimited
Medicare Tax Rate
1.45%

Additional Medicare 2017 Tax Rates

Additional Medicare Tax
0.9%
Filing status
Compensation over
Married filing jointly
$250,000
Married filing separate
$125,000
Single
$200,000
Head of household (with qualifying person)
$200,000
Qualifying widow(er) with dependent child
$200,000

Education 2017 Credit and Deduction Limits

American Opportunity Tax Credit (Hope)
$2,500
Lifetime Learning Credit
$2,000
Student Loan Interest Deduction
$2,500
Coverdell Education Savings Contribution
$2,000

Miscellaneous 2017 Tax Rates

Personal Exemption (Adjusted Gross Income below $156,900)
$4,050
Business Equipment Expense Deduction
$500,000
Prior-year safe harbor for estimated taxes of higher-income
110% of your 2016 tax liability
Standard mileage rate for business driving
53.5 cents
Standard mileage rate for medical/moving driving
17 cents
Standard mileage rate for charitable driving
14 cents
Child Tax Credit
$1,000 per qualifying child
Unearned income maximum for children before kiddie tax applies
$1,050
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket
0%
Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket
15%
Maximum capital gains tax rate for taxpayers in the 39.6% bracket
20%
Capital gains tax rate for unrecaptured Sec. 1250 gains
25%
Capital gains tax rate on collectibles and qualified small business stock
28%
Maximum contribution for Traditional/Roth IRA
$5,500 if under age 50 $6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA
$12,500 if under age 50 $15,500 if 50 or older
Maximum Contribution to SEP IRA
25% of compensation up to $54,000
401(k) maximum employee contribution limit
$18,000 if under age 50 $24,000 if 50 or older
Self-employed health insurance deduction
100%
Estate tax exemption
$5,490,000
Annual Exclusion for Gifts
$14,000
Foreign Earned Income Exclusion
$102,100
Free consultations & Reasonable Prices
Contact Us Today

410-449-5266

Message Sent.

Thank you for contacting us. We will be in touch with you shortly.

Error

Bad respond
Connect With Us
Location
8600 La Salle RoadSuite 312 Towson, MD 21286, US
See larger map
Get Directions
Payment Methods
Cash
PayPal
Personal Check
Home About Us Due Dates Tax Rates
© Steven S. Chalawsky, CPA. All rights reserved.
Privacy Policy Sitemap
Steven S. Chalawsky, CPA
8600 La Salle Road Suite 312
Towson, MD 21286
410-449-5266

We use cookies to enable essential functionality on our website, and analyze website traffic. By clicking Accept you consent to our use of cookies. Read about how we use cookies.

Your Cookie Settings

We use cookies to enable essential functionality on our website, and analyze website traffic. Read about how we use cookies.

Cookie Categories

Essential

These cookies are strictly necessary to provide you with services available through our websites. You cannot refuse these cookies without impacting how our websites function. You can block or delete them by changing your browser settings, as described under the heading "Managing cookies" in the Privacy and Cookies Policy.

Analytics

These cookies collect information that is used in aggregate form to help us understand how our websites are being used or how effective our marketing campaigns are.