As of Oct. 18, 2006, Fast Tax Facts 2006.

Welcome to our annual at-a-glance compilation of federal and state tax information. User-friendly tax rate schedules, facts, figures and assorted data make this time-saving section a handy companion. Keep it within arm's reach as you enter the upcoming busy season.

[ILLUSTRATION OMITTED]

special thanks to: the CalCPA Committee on Taxation, especially John DiCarlo, CPA; Ann Ngo, CPA; Lisa Edeling, CPA; and the FTB for compiling this information.

2006 TAX DATA SCHEDULE 2006 2006 Federal California Standard Deductions Single $5,150 $3,410 Married Filing Jointly, Surviving Spouse 10,300 6,820 Married Filing Separately 5,150 3,410 Head of Household 7,550 6,820 Additional for Age 65 and Older or 1,000 Blind -- Married Additional for Age 65 and Older or 1,250 Blind -- Unmarried (per individual for each situation, age or blind) Taxpayer Claimed as a Dependent 850 850 Personal or Dependent Exemption 3,300 (Social Security Number required) California Exemption Credits Single, Married Filing Separately, Head $91 of Household Married Filing Jointly, Surviving Spouse 182 Dependent 285 Blind or Age 65 and Older 91 Senior Head of Household Credit 2% of California taxable income, maximum $1,111 California AGI of $58,963 with maximum credit of Joint Custody Head of Household Credit and Dependent Parent Credit Each is 30% of net tax with maximum $363 credit of Child and Dependent Care Credit Percentage of federal credit for California AGI limits $0-40,000 50% 40,001-70,000 43% 70,001-100,000 34% 100,001 or more 0% Teacher's Retention Credit This California tax credit has been suspended for taxable years 2004, 2005, and 2006. California Renter's Credit Married Filing Jointly, Head of $120 Household, Surviving Spouse if AGI is $64,544 below Single or Married Filing Separately if 60 AGI is below $32,272 IRC Sec. 179 Deduction $108,000 $25,000 Beginning of Personal Exemption Phaseout Range -- Based on Federal AGI Single $150,500 $150,743 Married Filing Jointly, Surviving Spouse 225,750 301,491 Married Filing Separately 112,875 150,743 Head of Household 188,150 226,119 Beginning of Itemized Deduction Phaseout Range -- Based on Federal AGI Single $150,500 $150,743 Married Filing Jointly, Surviving Spouse 150,500 301,491 Married Filing Separately 75,250 150,743 Head of Household 150,500 226,119 Rate Reduced over federal AGI limits 3% 6% Schedule A Medical Deduction Based on federal AGI 7.5% 7.5% Schedule A Miscellaneous Deduction Based on federal AGI 2% 2%...