|
|
| Single Individuals: |
| Taxable Income |
|
| Over |
But Not Under |
Tax |
| $0 |
$11,600 |
10% |
| $11,601 |
$47,150 |
12% |
| $47,151 |
$100,525 |
22% |
| $100,526 |
$191,950 |
24% |
| $191,951 |
$243,725 |
32% |
| $243,726 |
$609,350 |
35% |
| $609,351 |
And Over |
37% |
| Joint Returns and Surviving Spouses: |
| Taxable Income |
|
| Over |
But Not Under |
% on Excess |
| $0 |
$23,200 |
10% |
| $23,201 |
$94,300 |
12% |
| $94,301 |
$201,050 |
22% |
| $201,051 |
$383,900 |
24% |
| $383,901 |
$487,450 |
32% |
| $487,451 |
$731,200 |
35% |
| $731,201 |
And Over |
37% |
| Heads of Households: |
| Taxable Income |
|
| Over |
But Not Under |
% on Excess |
| $0 |
$16,550 |
10% |
| $16,551 |
$63,100 |
12% |
| $63,101 |
$100,500 |
22% |
| $100,501 |
$191,950 |
24% |
| $191,951 |
$243,700 |
32% |
| $243,701 |
$609,350 |
35% |
| $609,351 |
And Over |
37% |
| Married Filing Separately: |
| Taxable Income |
|
| Over |
But Not Under |
% on Excess |
| $0 |
$11,600 |
10% |
| $11,601 |
$47,150 |
12% |
| $47,151 |
$100,525 |
22% |
| $100,526 |
$191,950 |
24% |
| $191,951 |
$243,725 |
32% |
| $243,726 |
$365,600 |
35% |
| $365,601 |
And Over |
37% |
| Plan Type |
Under Age 50 |
Over Age 50 |
| 401(k), 403(b), most 457, Salary Reduction SEP |
$23,000 |
$30,500 |
| SIMPLE |
$16,000 |
$19,500 |
| IRA (Traditional/Roth) |
$7,000 |
$8,000 |
| Phase Outs |
Phase Out Range |
| Traditional IRA Deduction Phase Outs: |
Modified Adjustment Income |
| Married Filing Joint |
$123,000 |
$143,000 |
| Married Filing Joint - One Spouse is Covered at Work |
$230,000 |
$240,000 |
| Single Or Head of Household |
$77,000 |
$87,000 |
| Married or Filing Separately |
|
$10,000 |
| Roth IRA Contribution Phase Outs: |
Modified Adjustment Income |
| Married Filing Joint |
$230,000 |
$240,000 |
| Single |
$146,000 |
$161,000 |
| Employer-sponsored plans may have additional contribution limits. Not all employer plans allow the higher contributions amount for those aged 50 and older. The IRA limitation caps a person's combined contributions to traditional and Roth IRAs for the year. |
| Unmarried Individuals |
$85,700 |
| Married Filing Jointly |
$133,300 |
| Participant of Employer Retirement Plan: |
| Filing Status |
Modifed AGI |
Deduction |
| Single or Head of Household |
$77,000 or less |
Full up to limit |
|
$77,001 - $87,000 |
Partial |
|
$87,000 or more |
No deduction |
| Joint or Surviving Spouse |
$123,000 or less |
Full up to limit |
|
$123,001 - $143,000 |
Partial |
|
$143,000 or more |
No deduction |
| Married Filing Separately |
less than $10,000 |
Partial |
|
$10,000 or more |
No deduction |
| One Spouse Participates - One Does Not: |
| Filing Status |
Modified AGI |
Deduction |
| Married Filing Jointly |
$230,000 or less |
Full up to limit |
|
$230,001 - $240,000 |
Partial |
|
$240,000 or more |
No Deduction |
| Married Filing Separately |
less than $10,000 |
Partial |
|
$10,000 or more |
No deduction |
|
| Plan Type |
Under Age 50 |
Over Age 50 |
| IRA (Traditional & Roth) |
$7,000 |
$8,000 |
| Standard Deduction |
| Single |
$14,600 |
| Married Filing Jointly |
$29,200 |
| Head of Household |
$21,900 |
| Married Filing Separately |
$14,600 |
| Additional Amount for Aged or Blind |
| Single |
$1,950 |
| Married Filing Jointly |
$1,550 |
| Standard Deduction for Dependent |
| Minimum |
$1,300 |
| Or Earned income plus |
$450 |
| Year |
Passenger Autos/
1st Yr Bonus
|
Light Trucks and Vans,
SUV's/1st Yr Bonus
|
| 1 |
$12,400/$20,400 |
$12,400/$20,400 |
| 2 |
$19,800 |
$19,800 |
| 3 |
$11,900 |
$11,900 |
| 4 and beyond |
$7,160 |
$7,160 |
**This limit includes claiming a §179 expense deduction. If the business use is less than 100%, you must reduce the maximum deduction above proportionately.
**Vehicles are eligible for 100% bonus depreciation if they are above 6,000 lbs. |
| Single |
| Income |
Long-term Capital Gains Rate |
| $0 - $47,025 |
0% |
| $47,026 - $518,900 |
15% |
| $518,901 or more |
20% |
| Married filing jointly |
| Income |
Long-term Capital Gains Rate |
| $0 - $94,050 |
0% |
| $94,051 - $583,750 |
15% |
| $583,751 or more |
20% |
| Head of household |
| Income |
Long-term Capital Gains Rate |
| $0 - $63,000 |
0% |
| $63,001 - $551,350 |
15% |
| $551,351 or more |
20% |
| Married filing separately |
| Income |
Long-term Capital Gains Rate |
| $0 - $47,025 |
0% |
| $47,026 - $291,850 |
15% |
| $291,851 or more |
20% |
|
|
|
|