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Tax Reference Guide

Navigating taxes can be daunting, but having easily accessible information is priceless. Our comprehensive tax reference guide offers quick access to the most common tax rates, deductions, and credits for businesses and their owners. Simplify your understanding and make informed decisions with ease.

Standard and itemized deductions

Standard deduction amounts
Itemized - Interest Expense
You may deduct the mortgage and any home equity line of credit on your primary residence as long as the funds were borrowed to buy, build or improve your home. You are limited based on the aggregate balance due on both types of loans as follows:
- For mortgages dated 12/17/2017 or after: Interest on the first $750,000 is deductible, the balance is not.
- For mortgage dated 12/16/2017 or prior: Interest on the first $1,000,000 is deductible, the balance is not.
(these rules apply for the 2022, 2023 and 2024 tax years)

Retirement plans

Traditional IRA
Roth IRA
401(k)
SEP-IRA
SIMPLE IRA

Vehicle mileage rates

mileage-rate

Depreciation

Rules
Rates
Bonus
Section 179

Payroll / Self-Employment Tax

payroll-self-employment-taxes

Net investment income tax

net-investment-income-tax

Health Savings Accounts

health-savings-accounts

Child Tax Credit

child-tax-credit

Gift & estate tax exemptions

gift-and-estate-exemption

Tax Rates

2024 Tax Rates
2023 Tax Rates
2022 Tax Rates