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Located in San Leandro (near Pleasanton, San Ramon, Danville and Livermore), California, we're a local CPA resource providing you with convenience, reliability and expertise. Bailey & Utley, CPAs is a full-service accounting firm serving clients throughout the east bay, San Leandro, California area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs in San Leandro, Hayward, Pleasanton, San Ramon, Danville and Livermore.
Congress Approves Income Tax Rates
Reductions in Individual Income Tax Rates
Extends the 10% bracket. Under current law, the 10% individual income tax bracket expires at the end of 2010. The legislation extends the 10% individual income tax bracket for an additional two years, through 2012.
Extends the 25%, 28%, 33%, and 35% brackets. Under current law, the 25%, 28%, 33%, and 35% individual income tax brackets expire at the end of 2010. Upon expiration, the rates become 28%, 31%, 36%, and 39.6% respectively. The legislation extends the 25%, 28%, 33%, and 35% individual income tax brackets for an additional two years, through 2012.
