Welcome to Tax Brief!

Pay no taxes when you sell your home! 
If you have owned and used a home as your principal residence 
for 2 out of the 5 years before the sale, you can exclude up to 
$500,000 of the gain. This could result in a 100% tax-free sale 
of your home, including prior deferred gains.
Send for our free brochure on the new tax laws @ Fax (770) 760-8320.		 








TAX PAYMENT CALENDER







If Corporation


Year End Is





January15, 1998


Payment Due Date






September 30

1st quarter - Estimated tax payments 




July 30

2nd quarter - Estimated tax payments  




April 30

3rd quarter - Estimated tax payments 




January 31

4th quarter - Estimated tax payments  




October 31

Tax filing due date and tax payments




April 30

Tax filing due date  under extension











Tax calculator: Estimate you 1997 taxes:


Individual Income Tax Rates for 1997:







Taxable Income 


is over:




but less than




Tax is:




Over 








$ -         0- 




$ 24,650




$         -0- + 15%




$           -0-








24,650




59,750




3,698 + 28%




24,650








59,750




124,650




13,526 + 31%




59,750








124,650




271,050




33,645 + 36%




124,650








271,050+





86,349 + 39.6%




271,050







Married filing Joint Income Tax Rates for 1997:







Taxable Income 


is over:




but less than




Tax is:




Over 








$-0-




$ 41,200




$         -0- + 15%




$-0-






41,200	   
99,600


6,180 + 28%


41,200




99,600
151,750


22,532 + 31%


99,600




151,750
271,050


38,699 + 36%


151,750




271,050+



81,647 + 39.6%


271,050	


























Update 10/1/97