Frank DiPaola,
EA
Tax Accountant
Tax Form Processing LLC
FOR THE TAXPAYER
SM
www.TaxFormProcessing.com
2400 N Forsyth Road Suite 101
Orlando, FL 32807-6445
What's NEW for Tax Year 2005?
"Working Families Tax Relief Act of 2004"
"American Jobs Creation Act of 2004"
2005 Tax Rate Schedule
Standard Deduction
Personal & Dependent Exemption Amount
Dependents - New Rules Relating to "Qualifying Child" and "Qualifying Relative"
Mileage Rates
Social Security Tax Wage Limits
& Rates & Medicare Rates
Contribution Limits for IRA's, ESA's HSA's, & Pension Plans
Earned Income Credit Amounts
Adoption Credit Increased
Section 179 Expense Increased
Charitable Contributions of Motor Vehicles, Boats & Aircraft
Clean-Fuel Vehicle Deduction Available for Certain Models
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Last Revised December 30, 2011
