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IRS 990 2025 Form Lakewood Colorado: What You Should Know
No. . 2016. Form 990. Part I — Base and Additional Income Tax Year (2016) Tax Type Amount of Base Income Current Year Base Capital Gains and Losses Deductions Qualified Dividends Interest and Other Income (Other than Exemptions Against Net Investment Income.) The 2025 base year is 2018. For any year after 2018, see the 2025 to 2025 pages in these publications to figure the 2025 base year capital gains and qualified dividend income. The amount of capital gain income allowed in the return is equal to the amount by which any deductions are reduced by basis. The resulting amount, net capital gain, is divided by the total amount of basis in capital assets. The resulting number of basis points is determined using the following table. The base income method works for taxpayers in all tax ranges. The following table illustrates how each of the income tax brackets is treated under the base income method. Tax Year (2018) Base Income Tax Rate Maximum Tax Effective Rate (10% — 0%) 0 – 8,525 13% 1,075 25% 1,925 28% 3,625 31% 4,475 35% 5,625 38.5% 6,525 The maximum tax rate applied to these returns is 13% if the person making the return is in the top tax bracket. Otherwise, the tax rate is 25%. Also see: “Tax Rate Under the Base Income Method” and Table 1, “Taxable Income Limits, Alternative Minimum Tax, and 10% Additional Tax, as of December 31, 2017” above. See also: “Base and Additional Income Returns, 2017” and Table 1, “Taxable Income Limits, Alternative Minimum Tax, and 10% Additional Tax, as of April 7, 2018” below. There is also a 25% tax on additional income (discussed above under “Base and Additional Income”) which is applicable to all returns filed for 2022. Under the base income method, the amount of basis gain is determined for each item of base income and each eligible part of base income, without regard to its distribution basis. For each taxable year, base income is based on the taxable gain from the previous taxable year. Base gains and losses are allocated to the individual's base income for that taxable year based on the following table.
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