And if you look at things that are deductions, buying a home, having a kid, and starting a business, you can see what the government wants us to do to bolster the economy.
The best way to get an answer that is specific to your exact needs is to contact your own professional tax advisor.
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You can look up the rate now if you want, but Turbotax will look it up for you when you file your return.
When is the tax deadline and has it been extended? Want my blog posts delivered to your inbox? Cabral suggests getting a head start by gathering your expense receipts and all the necessary forms as early as February.