Fundraising in General articles
- Gift & Estate Taxes for 2012
The gift tax annual exemption will remain at $13,000 for 2012. Pursuant to the IRC, the exemption can rise only when the inflation adjustment produces an increase of $1,000 or more. In 2012, the applicable | Read More »
- Personal Exemptions in 2012
The amount of personal and dependency exemptions for 2012 will increase to $3,800 from the 2011 level of $3,700. | Read More »
- Standard Deduction for 2012
The 2012 standard deduction will increase for all taxpayers. The standard deduction amounts for 2012 will be $5,950, for single taxpayers; $8,700, for heads of households; $11,900, for married taxpayers filing jointly and surviving spouses; | Read More »
- Tax Brackets for 2012
Joint returns. For married taxpayers filing jointly and surviving spouses, the maximum taxable income subject to the 10-percent bracket will rise from $17,000 in 2011, to $17,400 in 2012; the top of the 15-percent tax | Read More »
- Estate Tax Exemption Increased
The IRS announced the estate tax exemption for 2012 will be $5.12 million (see news release), up from $5 million this year. The higher threshold is scheduled to expire at the end of 2012, and | Read More »
