Tax Year 2006 Federal Income Tax Law Changes for Individuals

The deadline for filing your federal income tax return this year is April 17, 2007. Below you will find in-depth information on tax year 2006 federal income tax law changes for individual income tax filers, from the Internal Revenue Service (IRS). Choose a link from the topic list, and get updated information on that topic before you file your 2006 return with the IRS.

• Alternative Minimum Tax
• Archer MSA Limits Increased
• Charitable Contributions
• Earned Income Credit
• Education Savings Bonds
• Educator Expenses Deduction
• Electric and Alternative Motor Vehicles
• Exemption Amounts
• Health Savings Account
• Hope and Lifetime Learning Credits
• Itemized Deductions
• Original Issue Discount Instruments
• Social Security and Medicare Taxes
• Split Refund Option
• Standard Deduction
• Standard Mileage Rates
• Tax-Exempt Interest Reporting
• Tax Rate Schedules - 2006
• Tuition and Fees Deduction