Support Resources

Year-round Availability
Unlike many of the national preparation firms, our office is open year around. While we typically maintain 9 to 5 hours during the off-season we ask that you call ahead to make sure that we aren’t out to lunch or visiting a client. During the “tax season” our office hours are extended to early evenings and Saturdays.

Special Planning or Analysis
Purchase of a vacation home, sale of an investment, or the purchase of a business may lead to tax or financial questions that require our assistance. Our years of experience in analyzing financial decisions provides you with a valuable resource to answer these questions. Sometimes an office visit may be necessary, but often a phone call or email can provide the required information.

Basic Tax Rates & Thresholds
A few significant tax rates and thresholds are listed below:

  • 25% Tax Brackets for 2006 (amounts are after deductions)
    Single Taxpayers - $30,650 to $74,200
    Married Taxpayers - $61,300 to $123,700
    Head of Household - $41,050 to $106,000
  • Business equipment expense deduction = $108,000
  • Standard mileage rate = 44.5 cents/mile
  • Capital gains tax rates
    Taxpayers in 25% bracket or higher = 15%
    Taxpayers in 25% bracket or lower = 5%
  • Maximum IRA contribution = $4,000 (plus $1,000 catch-up)
  • Maximum 401k contribution =$15,000 (plus $5,000 catch-up)
  • Maximum Gift = $12,000
  • Estate tax exemption = $2,000,000

Links To Other Resources

    Track Your Refund
    You can track the status of your current IRS income tax refund or State of Illinois refund by using these links.

    IRS Tax Updates
    Tax laws are constantly changing. The IRS summarizes recent changes in the tax laws, which may impact your current year's personal income tax return.

    Financial Calculators
    Numerous loan, savings, retirement, tax, and Financial Calculators can be found at this location. You can easily answer questions like:

    • How much automobile can I buy based on a given monthly payment?
    • Should we refinance our mortgage? Use this calculator to determine when you will break even!
    • Is our retirement plan on track?