DOUGLAS COREY & ASSOCIATES, P.C.

Certified Public Accountants

10201 Fairfax Boulevard, Suite 480

Fairfax, VA 22030


Voice: (703) 354-2900 Fax: (703) 354-2606


Douglas Corey & Associates, P.C. is a full service certified public accounting firm, serving the tax and financial needs of small businesses, non-profit organizations and individuals in the Washington, D.C. metropolitan area.



We provide support to business owners utilizing Intuit's QuickBooks and QuickBooks Pro software.





More about the Firm



Tax Information:

Mileage Rates

Retirement Plan Limits
Tax Tables


Useful Sites to Visit:

IRS Forms & Publications
Tax Info - 1040.com
Information Almanac
Social Security Planner


Virginia Department of Taxation
Social Security Administration
Auto Blue Book Values



Fun Sites to Visit:

ESPN SportsZone
Accountant Jokes

Disney Trip Planning
Bradyworld




Contact Us



This site was created and is maintained by GARON, Inc
1996 GARON, Inc. on behalf of Douglas Corey & Associates, P.C. All Rights Reserved

 












 



More About the Firm






In 1990, after 7 years with a medium sized Washington, D.C. area accounting firm, Doug Corey started the accounting firm known today as Douglas Corey & Associates, P.C. Our firm has grown from a one man shop to a full service firm with four full time employees and three part-timers. Doug has over thirty years of experience, with an emphasis on income taxation. Our firm's clients are predominantly small businesses in the real estate and services industries, as well as nonprofit organizations. Our firm offers a full range of services, from audits to tax preparation.




    


 



 








 


MILEAGE RATES



2015 2016
Business: 57.5 cents per mile 54.0 cents per mile
Charitable: 14.0 cents per mile 14.0 cents per mile
Medical: 23.0 cents per mile 19.0 cents per mile
Moving: 23.0 cents per mile 19.0 cents per mile
 
 






 


Retirement Plan Limits



2015 2016
Maximum elective salary
deferral for 401(k) plans
$18,000 $18,000
Maximum salary reduction
for simple plans
$12,500 $12,500
Maximum contribution for
defined contribution plans
$53,000 $53,000
Annual compensation limit on
which plan contributions are based
$265,000 $265,000
Maximum annual benefit
under defined benefit plan
$210,000 $210,000
Maximum IRA Contribution
$5,500 $5,500
Maximum IRA "Catchup Contribution"
for taxpayer 50 or older
$1,000 $1,000
Maximum 401K "Catchup Contribution"
for taxpayer 50 or older
$6,000 $6,000
Maximum SIMPLE "Catchup Contribution"
for taxpayer 50 or older
$3,000 $3,000
 






 





TAX TABLES


Single Individuals
2015

Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $            9,225
        9,225      -----               37,450
      37,450      -----               90,750
      90,750      -----             189,300
    189,300      -----             411,500
    411,500       -----            413,200
    413,200      -----             ............
$                    0
             922.50
          5,126.25
        18,481.25
        46,075.25
      119,401.25
      119,996.25
      10.0    %
      15.0
      25.0
      28.0
      33.0
      35.0
      39.6
  $                      0
    9,225
    37,450

    90,750
    189,300
    411,500
    413,200
 
2016
Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $            9,275
        9,275      -----               37,650
      37,650      -----               91,150
      91,150      -----             190,150
    190,150      -----             413,350
    413,350     -----              415,050
    415,050      -----             ............
$                    0
             927.50
          5,183.75
        18,558.75
        46,278.75
      119,934.75
      120,529.75
      10.0    %
      15.0
      25.0
      28.0
      33.0
      35.0
      39.6
  $                      0
    9,275
    37,650

    91,150
    190,150
    413,350
    415,050
 





Married Filing Jointly and Surviving Spouses
2015

Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $          18,450
      18,450      -----               74,900
      74,900      -----             151,200
    151,200      -----             230,450
    230,450      -----             411,500
    411,500      -----             464,850
    464,850      -----             ............
$                    0
          1,845.00
        10,312.50
        26,387.50
        51,577.50
      111,324.00
      129,996.50
      10.0    %
      15.0
      25.0
      28.0
      33.0
      35.0
      39.6
  $                      0
 18,450
    74,900
   151,200
    230,450
    411,500
    464,850
 

2016
Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $          18,550
      18,550      -----               75,300
      75,300      -----             151,900
    151,900      -----             231,450
    231,450      -----             413,350
    413,350      -----             466,950
    466,950      -----             ............
$                    0
          1,855.00
        10,367.50
        28,517.50
        51,791.50
      111,818.50
      130,578.50
      10.0    %
      15.0
      25.0
      28.0
      33.0
      35.0
      39.6
  $                      0
 18,550
    75,300
   151,900
    231,450
    413,350
    466,950
 






Married Individuals Filing Separately
2015

Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $            9,225
        9,225      -----               37,450
      37,450      -----               75,600
      75,600      -----             115,225
    115,225      -----             205,750
    205,750      -----             232,425
    232,425      -----              ............
$                    0
             922.50
          5,156.25
        14,693.75
        25,788.75
        55,662.00
        64,998.25
      10.0    %
      15.0
      25.0
      28.0
      33.0
      35.0
      39.6
  $                      0
    9,225
    37,450
     75,600
      115,225
      205,750
    232,425
 

2016
Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $            9,275
        9,275      -----               37,650
      37,650      -----               75,950
      75,950      -----             115,725
    115,725      -----             206,675
    206,675      -----             233,475
    233,475      -----             ............
$                    0
             927.50
          5,183.75
        14,758.75
        25,895.75
        55,909.25
        65,289.25
      10.0    %
      15.0
      25.0
      28.0
      33.0
      35.0
      39.6
  $                      0
    9,275
    37,650
     75,950
      115,725
      206,675
    233,475
 


Heads of Households
2015
Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $           13,150
      13,150      -----                50,200
      50,200      -----              129,600
    129,600      -----              209,850
    209,850      -----              411,500
    411,500      -----              439,000
    439,000      -----             ............
$                    0
          1,315.00
          6,872.50
        26,722.50
        49,192.50
      115,737.00
      125,362.00
      10.0    %
      15.0
      25.0
      28.0
      33.0
      35.0
      39.6
  $                      0
 13,150
    50,200
     129,600
      209,850
      411,500
    439,000
 

2016
Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $           13,250
      13,250      -----                50,400
      50,400      -----              130,150
    130,150      -----              210,800
    210,800      -----              413,350
    413,350      -----              441,000
    441,000      -----             ............
$                    0
          1,325.00
          6,897.50
        26,835.00
        49,417.00
      116,258.50
      125,936.00
      10.0    %
      15.0
      25.0
      28.0
      33.0
      35.0
      39.6
  $                      0
 13,250
    50,400
     130,150
      210,800
      413,350
    441,000
 


Estates and Nongrantor Trusts
2015
Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $           2,500
        2,500      -----                5,900
        5,900      -----                9,050
        9,050      -----              12,300
      12,300      -----             ............
$                    0
             375.00
          1,225.00
          2,107.00
          3,179.50
      15.0
      25.0
      28.0
      33.0
      39.6
  $                      0
 2,500
    5,900
     9,050
      12,300
 

2016
Taxable Income
of the
                                        But Not
      Over                               Over
Pay % on
+   Excess
  amount
over---
$             0      -----   $           2,550
        2,550      -----                5,950
        5,950      -----                9,050
        9,050      -----              12,400
      12,400      -----             ............
$                    0
             382.50
          1,232.50
          2,100.50
          3,179.50
      15.0
      25.0
      28.0
      33.0
      39.6
  $                      0
 2,550
    5,950
     9,050
      12,400