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CCH can assist you with stories, including interviews with CCH subject experts. Also, the 2006
CCH Whole Ball of Tax is available in print. Please contact:

Leslie Bonacum
(847) 267-7153
mediahelp@cch.com

Neil Allen
(847) 267-2179
neil.allen@wolterskluwer.com

Link to special CCH Tax Briefings on key topics from 2005:

2006 CCH Whole Ball of Tax

Release (20) | Back to WBOT

2006 CCH Whole Ball of Tax

Contact: Leslie Bonacum, 847-267-7153, mediahelp@cch.com
Neil Allen, 847-267-2179, neil.allen@wolterskluwer.com

2005 - 2006 Tax Brackets

Married Filing Jointly (& Surviving Spouse)

2006 Taxable Income	Tax Rate	2005 Taxable Income	Tax Rate
$0-$15,100	10%	$0-$14,600	10%
$15,100-$61,300	15%	$14,600-$59,400	15%
$61,300-$123,700	25%	$59,400-$119,950	25%
$123,700-$188,450	28%	$119,950-$182,800	28%
$188,450-$336,550	33%	$182,800-$326,450	33%
over $ 336,550	35%	over $326,450	35%

Married Filing Separately

2006 Taxable Income	Tax Rate	2005 Taxable Income	Tax Rate
$0-$7,550	10%	$0-$7,300	10%
$7,550-$30,650	15%	$7,300-$29,700	15%
$30,650-$61,850	25%	$29,700-$59,975	25%
$61,850-$94,225	28%	$59,975-$91,400	28%
$94,225-$168,275	33%	$91,400-$163,225	33%
over $168,275	35%	over $163,225	35%

Single Filers

2006 Taxable Income	Tax Rate	2005 Taxable Income	Tax Rate
$0-$7,550	10%	$0-$7,300	10%
$7,550-$30,650	15%	$7,300-$29,700	15%
$30,650-$74,200	25%	$29,700-$71,950	25%
$74,200-$154,800	28%	$71,950-$150,150	28%
$154,800-$336,550	33%	$150,150-$326,450	33%
over $ 336,550	35%	over $326,450	35%

Head of Household

2006 Taxable Income	Tax Rate	2005 Taxable Income	Tax Rate
$0-$10,750	10%	$0-$10,450	10%
$10,750-$41,050	15%	$10,450-$39,800	15%
$41,050-$106,000	25%	$39,800-$102,800	25%
$106,000-$171,650	28%	$102,800-$166,450	28%
$171,650-$336,550	33%	$166,450-$326,450	33%
over $336,550	35%	over $326,450	35%

Standard Deduction Amounts

Filing Status	2006	2005	Increase
Married Filing Jointly (& Surviving Spouse)	$10,300	$10,000	$300
Married Filing Separately	$ 5,150	$ 5,000	$150
Single	$ 5,150	$ 5,000	$150
Head of Household	$ 7,550	$ 7,300	$250

Standard Deduction for Dependents (“Kiddie” Standard Deduction)

2006	2005	Increase
$850	$800	$50

Income Level At Which 3-Percent Itemized Deduction Limitation Takes Effect
(Adjusted Gross Income)

Filing Status	2006	2005	Increase
Married Filing Jointly (& Surviving Spouse)	$150,500	$145,950	$4,550
Married Filing Separately	$ 75,250	$ 72,975	$2,275
Single	$150,500	$145,950	$4,550
Head of Household	$150,500	$145,950	$4,550

Personal Exemption Amounts

2006	2005	Increase
$3300	$3,200	$100

Threshold for Personal Exemption Phaseout

Filing Status	2006	2005	Increase
Married Filing Jointly (& Surviving Spouse)	$225,750	$218,950	$6,800
Married Filing Separately	$112,875	$109,475	$3,400
Single	$150,500	$145,950	$4,550
Head of Household	$188,150	$182,450	$5,700

Gift Tax Exemption

2006	2005	Increase
$12,000	$11,000	$1,000

SOURCE: CCH, 2006

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nb-06-24

2006 CCH Whole Ball of Tax

2005 - 2006 Tax Brackets

Married Filing Jointly (& Surviving Spouse)

Married Filing Separately

Single Filers

Head of Household

Standard Deduction Amounts

Standard Deduction for Dependents (“Kiddie” Standard Deduction)

Income Level At Which 3-Percent Itemized Deduction Limitation Takes Effect (Adjusted Gross Income)

Personal Exemption Amounts

Threshold for Personal Exemption Phaseout

Gift Tax Exemption

Income Level At Which 3-Percent Itemized Deduction Limitation Takes Effect
(Adjusted Gross Income)