Quick Tax Facts

All Address Are Effective 1/1/2010 - I Assume No Liability For Incorrect Address

Home
About Us
Clients Online
Professional Clients
Business Clients
Litigation Support
Help For Families
Tax Information
Quick Tax Facts
Mailing Address
Gov. Links
Free Tax Info
Tax Calendar
Ed. Tax Incentives
CA Sales Tax
Tax Links
Payroll Tax Deposits

Standard Deductions

Tax Rates

Deduction Phase-out

Auto Standard Mileage

Educational Deduction

Retirement Deduction

Taxable Social Security

Long Term Care

Estimated Tax Payments

Phase-Out Range

Filing Thresholds

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

Joint Return (One Man, One Woman) <Both 65

 

20,700

20,600

20300

20,000

19,500

19,000

18,700

17,900

17,900

17,500

16,900

16,400

15,900

15,600

13,850

13,400

12,950

Joint both spouses 65 and over

 

23,250

23,100

22,700

22,400

21,800

20,150

20,900

20,000

20,000

19,600

18,900

18,400

17,800

17,500

15,650

15,200

14,650

Joint one spouses 65 and over

 

21.950

21,850

21,500

21,200

20,650

21,300

19,800

8,950

18,950

18,550

17,900

17,400

16,850

16,550

14,750

14,300

13,800

Unmarried Individuals <65

 

10,350

10,300

10,150

10,000

 9,750

9,500

9,350

8,950

8,950

8,750

8,450

8,200

7,950

7,800

7,700

7,450

7,200

Unmarried Individuals =>65

 

11,900

11,850

11,700

11,500

11,200

10,950

10,750

10,300

10,300

10,050

9,450

9,200

9,150

8,950

8,850

8,550

8,300

Head of Household  <65

 

13,350

13,250

13,050

12,850

12,500

12,200

12,050

11,500

11,500

11,250

10,850

10,500

10,250

10,050

9,900

9,550

9,250

Head of Household 65 or Older

 

14.900

14,800

14,000

14,350

13,950

13,650

13,450

12,850

12,850

 

 

 

 

 

 

 

 

Married Filing Separately

 

4,050

4,000

3,950

3,900

3,800

3,700

3,650

3,500

3,500

3,400

3,300

3,200

3,100

3,050

3,000

2,900

2,800

Qualifying Widow(er) (surviving spouse)

 

16,650

16,600

16,350

16,100

15,700

15,300

15,050

14,400

14,400

14,100

13,600

13,200

12,800

12,550

10,850

10,500

10,150

Qualifying Widow(er) (surviving spouse) 65 or over

 

17,900

17,850

17,550

17,300

16,850

16,450

16,150

15,450

15,450

15,150

14,600

14,200

13,750

13,500

11,750

11,400

11,400

Standard Deductions

Joiint or Qualifying Widow(er)

 

12,600

12,600

12,400

12,200

11,900

11,600

11,400

11,400

10,900

10,700

10,300

10,000

9,700

9,500

7,850

7,600

7,350

Unmarried Individuals

 

6,300

6,300

6,200

6,100

5,950

5,800

5,700

5,700

5,450

5,350

5,150

5,000

4,850

4,750

4,700

4,550

4,400

Head of Household

 

9,300

9,250

9,100

8,950

8,700

8,500

8,400

8,350

8,000

7,850

7,550

7,300

7,150

7,000

6,900

6,650

6,450

Married Filing Separately

 

6,300

6,300

6,200

6,100

5,950

5,800

5,700

5,700

5,450

5,350

5,150

5,000

4,850

4,750

3,925

3,800

3,675

Additional for Elderly/Blind - Married

 

1,250

1,250

1,200

1,200

1,150

1,150

1,100

1,100

1,050

1,050

1,000

1,000

950

950

900

900

850

Additional for Elderly/Blind - Unmarried

 

1,550

1,550

1,550

1,500

1,450

1,450

1,400

1,400

1,350

1,300

1,250

1,250

1,200

1,150

1,150

1,100

1,100

Taxpayer Claimed as Dependent

 

 

 

 

 

Greater of 950 or 300 + Individual's Earned Income (up to 5,150)

Greater of 950 or 300 + Individual's Earned Income (up to 5,150)

Greater of 950 or 300 + Individual's Earned Income (up to 5,150)

Greater of 950 or 300 + Individual's Earned Income (up to 5,150)

Greater of 900 or 300 + Individual's Earned Income (up to 5,150)

850 or 300 + Individual's Earned Income

850 or 300 + Individual's Earned Income

800 or 250 + Individual's Earned Income

800 or 250 + Individual's Earned Income

Greater of 750 or 250 plus individual's earned income

750

750

700

Personal/Dependent Exemption

 

4,050

 

3,950

3,900 <250,000/300K

3,800

3,700

3,650

3,650

3,500

3,400

3,300

3,200

3,100

3,050

3,000

2,900

2,800

Unearned Income Without Kiddie Tax

2,100

2,100

2,100

2,000

2,000

1,900

1,900

1,900 (shields)

1,900 (shields)

1,800

1,700

1,700

1,600

1,600

1,500

1,500

1,500

1,400

Adoption Credit-Special Needs Children / Start of Phase Out

 

 

 

 

12,970 194,580-234,580

12,660/189,710-229,710

13,360/182,520-225,210

13,170/182,520-222,520

12,150/182,180-222,180

 

11,390 / 170,820

10,960 / 154,410

10,630 / 159,450

 

 

 

 

 

Child Tax Credit

 

 

 

 

 

 

 

3,000/AGI<15,000=35%

24 Rfdable 12,550

35% to 20%

 

1,000

1,000

 

 

 

 

 

Tax Rates

Taxable Income Not Over

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

10%

 

 

 

 

Joint or Qualifying Widower

 

18,560

18,450

18,150

17,850

17,400

17,000

16,750

16,700

16,051

15,650

15,100

14,600

14,300

14,000

 

 

 

Unmarried Individuals

 

9,275

9,225

9,075

 8,925

8,700

8,500

8,350

8,350

8,025

7,825

7,550

7,300

7,150

7,000

 

 

 

Head of Household

 

13,250

13,150

12,950

12,750

12,400

11,950

11,950

11,950

11,450

11,200

10,750

10,450

10,200

10,000

 

 

 

Married Filing separately

 

9,275

9,225

9,075

 8,925

8,700

8,350

8,350

8,350

8,025

7,825

7,550

7,300

7,150

7,000

 

 

 

Beginning of 15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

15%

 

 

 

Joint or Qualifying Widower

 

18,550

18,450

18,151

17,820

17,400

17,000

16,751

16,701

16,051

15,650

15,100

14,600

14,301

14,001

 

 

 

Unmarried Individuals

 

9,275

9,225

9,075

 8,925

8,700

8,500

8.376

8,351

8,026

7,825

7,550

7,300

7,301

7,001

 

 

 

Head of Household

 

13,250

13,150

12,950

12,750

12,400

12,150

11,950

11,951

11,451

11,200

10,750

10,451

10,201

10,001

 

 

 

Married Filing separately

 

9,275

9,225

9,075

 8,925

8,700

8,500

8,376

8.026

8,026

7,825

7,550

7,301

7,151

7,001

 

 

 

Beginning of 25% 27% /27.5% /28% Bracket

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

25%

27%

27.5%

28%

Joint or Qualifying Widower

 

75,300

74,900

73,801

72,500

70.700

69,001

68,001

67,901

65,101

63,700

61,300

59,400

58,100

56,800

46,700

45,200

43,850

Unmarried Individuals

 

37,650

37,450

36,901

36,250

35,350

34,501

34,001

33,951

32,551

31,850

30,650

29,700

29,050

28,400

27,950

27,050

26,250

Head of Household

 

50,400

50,200

49,400

48,600

47,350

46,250

45,551

45,501

43,651

42,650

41,050

39,801

38,900

38,050

37,450

36,250

35,150

Married Filing separately

 

37,650

37,450

36,900

36,250

35,350

34501

34,001

33,951

32,551

31,850

30,650

29,701

29,050

28,400

23,350

22,600

21,925

Beginning of 28% 30% /30.5% /31% Bracket

28%

28%

28%

28%

28%

28%

28%

28%

28%

28%

28%

28%

28%

28%

28%

30%

30.5%

31%

Joint or Qualifying Widow(er)

 

151,900

151,200

148,851

146,400

142,700

139,351

137,101

137,051

131,451

128,500

123,700

119,951

117,250

114,650

112,850

109,250

105,950

Unmarried Individuals

 

91,150

90,750

89,351

 87,850

85,650

83,601

82,401

82,251

78,851

77,100

74,200

71,950

70,350

68,800

67,700

65,550

63,550

Head of Household

 

130,150

129,600

127,550

125,450

122,300

119,400

117,651

117,451

112,651

110,100

106,000

102,801

100,500

98,250

96,700

93,650

90,800

Married Filing separately

 

75,950

75,600

74,425

73,200

71,350

69,676

68,651

82,251

78,851

64,250

61,850

59,976

58,625

57,325

56,425

54,625

52,975

Beginning of 33% 35% /35.5% /36% Bracket

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

33%

35%

35.5%

36%

Joint or Qualifying Widower

 

231,450

230,450

226,851

223,050

217,450

212,301

209,251

208,851

200,304

195,850

188,450

182,800

178,650

174,700

171,950

166,500

161,450

Unmarried Individuals

 

190,150

189,300

186,351

183,250

178,650

174,401

171,851

171,551

164,551

160,850

154,800

150,150

146,750

143,500

141,250

136,750

132,600

Head of Household

 

210,800

209,850

206,600

203,150

198,050

193,350

190,551

190,201

182,401

178,350

171,650

166,451

162,700

159,100

156,600

151,650

147,050

Married Filing separately

 

115,725

115,225

113,425

111,525

108,725

106,150

104,625

171,551

164,551

97,925

94,225

91,401

89,325

87,350

85,975

83,250

80,725

Beginning of 35% 38.6% /39.1% /39.6% Bracket

35%

35%

35%

35%

35%

35%

35%

35%

35%

35%

35%

35%

35%

35%

35%

38.6%

39.1%

39.6%

Joint or Qualifying Widow(er)

 

413,350

411,500

405,101

398,435

388,350

379,150

>373.650

>372,950

>357,700

>349,700

>336,550

326,451

319,100

311,950

307,050

297,300

288,350

Unmarried Individuals

 

413,350

411,500

405,101

398,350

388,350

379,150

>373.650

>372,950

>357,700

>349,700

>336,550

>326,450

 

 

 

 

 

Head of Household

 

413,350

411,500

405.100

398,350

388,350

379,150

>373.650

>372,950

>357,700

>349,700

>336,550

326,451

 

 

 

 

 

Married Filing separately

 

206,675

205,750

202,550

199,175

194,175

189,575

>186,475

>186,475

>178,851

>174,850

>168,275

163,226

319,100

159,100

153,525

148,675

144,175

Beginning of 39.6%

39.6%

39.6%

39.6%

39.6%

39.6%

 

 

 

 

 

 

 

 

 

 

 

 

 

Joint or Qualifying Widower

 

466,950

464,850

457,600

450,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Unmarried Individuals

 

415,050

413,200

406,750

400,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Head of Household

 

441,000

439,000

432,200

425,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Married Filing separately

 

233,475

232,425

228,800

225,000

 

 

 

 

 

 

 

 

 

 

 

 

 

12 Month Capital Gains Rate Above 15% Rate

 

 

 

 

 

 

 

 

 

 

15%

15%

15%

 5% / 15%

>5/5/03 5% / 15%

20%/10%

20%/10%

20%/10%

12 Month Capital Gains Rate 10% or 15% Rate

 

 

 

 

 

 

 

 

 

 

5%

5%

5%

 

 

 

 

 

5 Year Capital Gains Rate (Beg. 2008)

 

 

 

 

 

 

 

 

 

 

 

 

 

>5/5/03 Eliminated

>5/5/03 Eliminated

18% / 8%

18% / 8%

18% / 8%

Beginning/End of Personal Exemption Phase-out (AGI)

Joint or Qualifying Widow(er)

 

311,300

309,900

305,050 / 427,550

300,000

Repealed

Repealed

Repealed

250,200 to 372,700

239,950 to 362,450

234,600 to 357,100

225,750

218,950 / 341,450

214,050 / 336,550

209,250 / 331,750

206,000 / 328,500

199,450 / 321,950

193,400 / 315,900

Unmarried Individuals

 

259,400

258,250

254,200 / 376,700

150,000

Repealed

Repealed

Repealed

166,800 to 289,300

159,950 to 282,450

156,400 to 278,900

150,500

145,950 / 304,950

142,700 / 265,200

139,500 / 262,000

137,300 / 259,800

132,950 / 255,450

128,950 / 251,450

Head of Household

 

285,350

284,050

279,650

275,000

Repealed

Repealed

Repealed

208,500 to 331,000

199,950 to 322,450

195,500 to 318,000

188,150

182,450 / 304,950

178,350 / 300,850

174,400 / 296,900

171,650 / 294,150

166,200 / 288,700

161,150 / 283,650

Married Filing separately

 

155,650

154,950

152,525

150,000

Repealed

Repealed

Repealed

125,100 to 186,350

119,975 to 181,225

117,300 to 178,550

112,875

109,475 / 170,725

107,025 / 168,275

104,625 / 165,875

103,000 / 164,250

99,725 / 160,975

96,700 / 157,950

Beginning of Itemized Deduction Phase-out (AGI)

Joint

 

311,300

309,900

305,050

300,000

Repealed

Repealed

Repealed

166,800

159,950

156,400

150,500

145,950

142,700

139,500

137,300

132,950

128,950

Unmarried Individuals

 

259,400

258,250

254,200

250,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Head of Household

 

285,350

284,050

279,650

275,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Married Filing Separately

 

195,650

154,950

152,525

150,000

Repealed

Repealed

Repealed

83,400

79,975

78,200

75,250

72,975

71,350

69,750

68,650

66,475

64,475

FICA/SE Tax Information

FICA/SE Tax Max Earnings

 

118,500

118,500

117,000

113,700

110,100

106,800

106,800

106,800

102,000

97,500

94,200

90,000

87,900

87,000

84,900

80,400

72,600

FICA (OASDI and HI) Tax Rate (Employee)

 

6.2%

6.2%

6.2%

6.2%

4.2 (Employee) 6.2

4.2 (Employee) 6.2

6.20

6.20

6.20

6.20

6.20%

6.20%

6.20%

6.20%

6.20%

6.20%

6.20%

FICA - Medicare Tax

 

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit

1.45%
 (No Limit

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
 (No Limit)

1.45%
(No Limit)

1.45%
(No Limit)

SE Tax Rate

 

15.3%

15.3%

15.3%

15.30%

13.30

13.30

15.30%

15.30%

15.30%

15.30%

15.30%

15.30%

15.30%

15.30%

15.30%

15.30%

15.30%

California UI Rate

 

 

 

1.5% to 6.2%

1.5% to 6.2%

1.5% to 6.2%

 

 

 

 

1.5%-6.2%

1.5%-6.2%

1.5% - 6.2%

1.5% - 6.2%

 

 

 

 

Taxable Wage Limit

 

 

 

7,000

7,000

7,000

7,000

7,000

7,000

7,000

7,000

7,000

7,000

7,000

7,000

 

 

 

New Employer UI

 

 

 

3.4%

3.4%

3.4%

3.4%

3.4%

3.4%

3.4%

3.4%

3.4%

3.4%

3.4%

3.4%

 

 

 

Employment Training Tax

 

 

 

0.1%

0.1%

0.1%

0.1%

0.1%

0.1%

0.1%

0.1%

0.1

0.1%

0.1%

0.1%

 

 

 

State Disability Insurance

 

 

 

1.0% 101,636

1.0% 100,880

1.0% 95,585

1.2% 93,316

1.1% 93,316

1.1% Max 90,669

0.7% Max 86,698

0.6% Max 83,389

0.8% Max 79,418

1.08% Max 79,418

1.18% Max 68,829

 

 

 

 

Auto Standard Mileage Allowances

Business

0.535

0.54

 

0.560

.565

0.555

>6/30/11 0.51
After .555

0.50

0.55

1/1-6/30=.505 or .585

0.485

0.445

0.405

0.375

0.360

.365

.345

.325

Charity Work

 

 

 

0.14

0.14

0.14

0.14

0.14

0.14

0.14

0.140 Katrina=0.320

0.140 Katrina=0.320

0.140

0.140

0.140

.140

.140

.140

Moving Expense Mileage

0.17

0.19

 

0.235

0.24

0.23

0.14

0.165

0.24

1/1-6/30=0.19 or 0.27

0.180

0.180

0.150

0.140

0.120

.130

.120

.100

Medical

0.17

0.19

 

0.235

0.24

0.23

.19/.235

0.165

0.24

1/1-6/30=0.19 or 0.27

0.180

0.180

0.150

0.140

0.120

.130

.120

.100

Depreciation Component of Standard Mileage Rate

0.25

0.22

 

0.22

0.23

0.23

0.23

0.23

 

 

 

 

 

 

 

 

 

 

High Cost Locality Per Diem Travel Rate (After 9/30/12)

 

 

 

 

High $242 / Low $163

 

 

0.233

 

 

 

 

 

 

 

 

 

 

Low Cost Locality Per Diem Travel Rate (After 9/30/13)

 

 

 

 

High $251 / Low $170

 

 

0.16

 

 

 

 

 

 

 

 

 

 

College Bond Interest Exclusion

Unmarried Individuals/Head of Household

 

 

 

 

60,000-75,000

80,000-90,000

71,100–86,100

 

69,950 to 84,950

 

65,600 - 80,600

63,100 - 78,100

61,200 - 76,200

59,850 - 74,850

58,500-73,500

$57,600-72,600

$55,750-70,750

$54,100-69100

Joint

 

 

 

 

125,000-155,000

160,000-180,000

106,650–136,650

 

104,900 to 134,900

 

98,400 - 128,400

94,700 - 124,700

91,850 - 121,850

89,750 - 119,750

87,750-117,750

$86,400-116,400

$83,650-113,650

$81,100-111,100

Married Filling Separately

 

 

 

 

 

No exclusion

No exclusion

 

69,950 to 84,950

 

63,100 - 78,10

63,100 - 78,100

61,200 - 76,200

59,850 - 74,850

0

0

0

0

Education Savings Account Phase Out(Ed. IRA)

Maximum Contribution

 

2,000

2,000

2,000

2,000

2,000

 

 

 

2,000

2,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$95-000-110,000

$95-000-110,000

$95-000-110,000

$95-000-110,000

$95-000-110,000

$95-000-110,000

$95-000-110,000

$95,000-110,000

$95,000-110,000

 

 

 

 

 

 

 

 

 

 

$190,000-220,000

$190,000-220,000

$190,000-220,000

$190,000-220,000

$190,000-220,000

$190,000-220,000

$190,000-220,000

150,000-160,000

150,000-160,000

Hope/Lifetime Learning Credits

Maximum HOPE Credit (First 2 yrs post-second)

 

 

 

 

 

 

 

 

1,800

1,800

1,650

 

 

 

 

 

 

 

Unmarried Individuals/Head of Household

 

 

 

 

53,000

52,000-62,000

 

 

50,000 to 60,000

48,000

47,000 - 57,000

45,000 - 55,000

43,000 - 53,000

42,000

$41,000-51,000

$41,000-51,000

$40,000-50,000

$40,000-50,000

Joint

 

 

 

 

107,00

104,000-124,000

 

 

100,000 to 120,000

96,000

94,000 - 114,000

90,000 - 110,000

87,000 - 107,000

85,000

$83,000-103,000

$82,000-102,000

$80,000-100,000

$80,000-100,000

Married Filing Seperately

 

 

 

 

 

No exclusion

 

 

 

 

Not Available

Not Available

Not Available

Not Available

 

0

0

0

Education Loan Interest Deduction Maximum Interest Deduction = $2,500

Maximum Deduction

 

2,500

2,500

2,500

2,500

2,500

 

 

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

2,500

 

Unmarried Individuals/Head of Household

 

 

 

 

 

60,000-75,000

 

 

60,000-75,000

55,000-70,000

55,000-70,000

50,000-65,000

50,000-65,000

50,000-65,000

50,000-65,000

$50,000-65,000

$40,000-55,000

$40,000-55000

Joint

 

 

 

 

 

120,000-150,000

 

 

120,000-150,000

110,000-140,000

110,000-140,000

105,000-135,000

105,000-135,000

100,000-130,000

100,000-130,000

$100,000-130,000

$60,000-75000

$60,000-75000

Married Filing Separately

 

 

 

 

 

0

 

 

0

0

0

 

 

 

0

0

0

0

Retirement Savings Limit Employee Contributions

Individual Retirement - Under 50

 

5,500

5,500

5,500

5,500

5,000

5,000

5,000

5,000

5,000

4,000

4,000

4,000

3,000

3,000

3,000

2,000

2,000

Individual Retirement - Over   50

 

6,500

6,500

6,500

6,500

6,000

6,000

6,000

6,000

6,000

5,000

5,000

4,500

3,500

3,500

3,500

2,000

2,000

Spousal Retirement

 

5,500

5,500

5,500

5,500

5,000

5,000

5,000

5,000

5,000

4,000

4,000

4,000

3,000

3,000

3,000

2,000

2,000

Combined Married IRA

11,000 to 13,000

11,000 to 13,000

 

 

11,000 to 13,000

10,000 to 12,000

10,000 to 12,000

10,000 to 12,000

10,000 to 12,000

10,000 to 12,000

8,000 to 10,000

8,000 to 10,000

8,000 to 9,000

6,000 to 7,000

6,000 to 7,000

6,000 to 7,000

4,000

4.000

IRA Adjusted Gross Earnings Phase Outs Joint

99,000 / 119,000

98,000 / 118,000

 

96,000 / 116,000

95,000 / 115,000

92,000/112,000

90,000/110,000

 89,000/109,000

89,000-109,000

85,000-105,000

83,000-103,000

75,000 - 85,000

70,000 - 80,000

65,000 - 75,000

60,000 - 70,000

54,000 - 64,000

53,000 - 63,000

52,000 - 62,000

Unmarried Individuals, Head of Household

62,000 / 72,000

61,600 / 71,000

 

60,000 / 70,000

59,000 / 69,000

58,000/68,000

56,000/66,000

56,000/66,000

55,000-65,000

53,000-63,000

52,000-62,000

50,000 - 60,000

50,000 - 60,000

45,000 - 55,000

40,000 - 50,000

34,000 / 44,000

33,000 / 43,000

32,000 / 42,000

Married Filing Separately

0 / 10,000

0 / 10,000

 

0/10,000

0/10,000

0/10,000

0/10,000

0/10,000

0 - 10,000

0 - 10,000

0 - 10,000

0 - 10,000

0 - 10,000

0 - 10,000

0 - 10,000

0 / 10,000

0 / 10,000

0 / 10,000

Roth IRA Adjusted Gross  Phase Outs Joint

186,000 / 196,000

184,000 / 194,000

 

181;000 to 191,000

178,000 to 188,000

 

 

 

 

 

 

 

 

 

 

 

 

 

IRA Adjusted Gross Earnings Phase Out Single

62,000 / 72,000 

61,000 / 71,000

 

114,000 to 129,000

112,000 to 127,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Max Employee Deferral Deductible 401(k) and 403(b) / (50 or over)

 

18,000

 

17,500 / 23,000

17,500 / 23,000

17,000 / 22,500

16,500 / 22,000

16,500 / 22,000

16,500 / 22,000

15,500 / 20.500

15,500 / 20,500

15,000 / 20,000

14,000 / 18,000

13,000 / 16,000

12,000 / 14,000

11,000 / 12,000

10,500

10,500

457 Annual Elective Deferral Limit (State & Local Goverments & Tax Exempt Organizations

 

18,000

 

17,500 / 23,000

17,500 / 23,000

17,000 / 22,500

16,500 / 22,000

16,500 / 22,000

16,500 / 22,000

15,500 / 20.500

15,500

15,000

14,000

13,000

12,000

11,000

8,500

8,000

SEP (Employee Deferral)

 

18,000

 

17,500 / 23,000

17,500 / 23,000

17,000 / 22,500

16,500 / 22,000

16,500 / 22,000

16,500 / 22,000

15,500 / 20.500

15,500

15,000

14,000

13,000

12,000

11,000

10,500

10,500

SEP (Employer Contributions)

 

 

 

 

 

$49,000 or
 25% of compensation, limited to $245,000 [20% of SE income (net of half SE tax) for owners])

$49,000 or
 25% of compensation, limited to $245,000 [20% of SE income (net of half SE tax) for owners])

Lesser of 25% of Compensation or $245,000 (20% of Self-employed Income)

Lesser of 25% of Compensation or $230,000 (20% of Self-employed Income)

Lesser of 25% of Compensation or $230,000 (20% of Self-employed Income)

Lesser of 25% of Compensation or $225,000 (20% of Self-employed Income)

Lesser of 25% of Compensation or $220,000 (20% of Self-employed Income)

Lesser of 25% of Compensation or $210,000 (20% of Self-employed Income)

Lesser of 25% of Compensation or $200,000 (20% of Self-employed Income)

Lesser of 25% of Compensation or $200,000 (20% of Self-employed Income)

Lesser of 15% of Compensation or $40,000 (13.0435% of Self-employed Income)

Lesser of 15% of Compensation or $35,000 (13.0435% of Self-employed Income)

Lesser of 15% of Compensation or $35,000 (13.0435% of Self-employed Income)

SEP Compensation Threshold

 

600

 

 

550

550

550

550

550

500

500

450

450

450

450

450

450

450

SIMPLE Plan Employee Deferral

 

12,600

 

 

100% of compensation or
 $12,000

100% of compensation or
 $11,500

100% of compensation or
 $11,500

11,500 / 14,000

11,500 / 14,000

10,500 / 13,000

10,500 / 13000

10,000 / 12,000

10,000 / 12,000

9,000 / 10,500

8,000 / 9,000

7,000

6,500

6,000

SIMPLE IRA Plan

 

 

 

 

 

100% match up to 3% of compensation (not limited) or
 2% of compensation (limited to $250,000)

100% match up to 3% of compensation (not limited) or
 2% of compensation (limited to $245,000)

100% match up to 3% of compensation (not limited) or
 2% of compensation (limited to $245,000)

100% match up to 3% of compensation (not limited) or
 2% of compensation (limited to $245,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $230,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $225,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $220,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $210,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $200,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $200,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $200,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $170,000)

100% match up to 3% of Compensation (not limited) or 2% of Compensation (Limited to $170,000)

Defined Contribution Plans (Employer)

 

53,000

 

52,000

51,000

50,000

49,000

49,000

49,000

46,000

45,000

44,000

42,000

41,000

40,000

40,000

35,000

30,000

Annual Compensation Taken into Account

 

265,000

 

260,000

255,000

250,000

245,000

245,000

245,000

230,000

225,000

220,000

210,000

205,000

200,000

200,000

170,000

170,000

Annual Benefit Limit for Defined Benefit Plan

 

210,000

 

210,000

205,000

200,000

195,000

195,000

195,000

185,000

180,000

175,000

170,000

165,000

160,000

160,000

140,000

135,000

Dollar Limitation Definition of Key Employee

175,000

170,000

170,000

170,000

165,000

 

 

 

160,000

150,000

145,000

140,000

135,000

130,000

 

 

 

 

Definition of "Control Employee" for Fringe Benefit Valuation  Purposes Who is Officer of Employer and Earnings at least $50,000

 

 

 

 

 

100,000

95,000

95,000

95,000

95,000

90,000

85,000

85,000

80,000

 

 

 

 

Highly Compensated Employee Definition

 

120,000

 

115,000

115,000

115,000

110,000

110,000

110,000

105,000

100,000

100,000

95,000

90,000

90,000

90,000

85,000

85,000

Self Employed Health Insurance Deduction

 

 

 

 

 

 

 

 

100%

100%

100%

100%

100%

100%

100%

70%

60%

60%

Section 179 Deductionn

510,000

500,000

500,000

500,000

500,000

500,000

500,000

500,000

250,000

250,000

$125,000

108,000

105,000

102,000

100,000

24,000

24,000

20,000

Taxable Social Security Income Thresholds

Base Amount

 

 

 

 

 

32,000

26,800

 

27,800

32,000

 

 

 

 

 

 

 

 

Joint - Less than Base Amount

 

 

 

 

 

0%

0%

 

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

- Between Base Amount 44,000

 

 

 

 

 

50%

50%

 

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

- Over 44,000

 

 

 

 

 

85%

85%

 

85%

85%

85%

85%

85%

85%

85%

85%

85%

85%

Base Amount

 

 

 

 

 

25,000

23,200

 

23,200

25,000

 

 

 

 

 

 

 

 

Unmarried Individuals - Less than 23,2000

 

 

 

 

 

0%

0%

 

0%

0%

0%

0%

0%

0%

0

0%

0%

0%

- Between Base Amount - 34,000

 

 

 

 

 

 

50%

 

50%

50%

50%

50%

50%

50%

50%

50%

50%

50%

- Over 34,000

 

 

 

 

 

 

85%

 

85%

85%

85%

85%

85%

85%

85%

85%

85%

85%

Earnings Ceiling for Social Security

Under Age 65

 

 

 

15,400

 

14,640

14,160

14,160

14,160

13,500

12,960

12,480

12,000

11,640

11,520

11,280

10,680

10,080

The Year an Individual Reaches Full Ret. Age
(Applies to mo. prior to attaining full retirement age)

 

 

 

 

 

 

 

 

37,680

36,120

34,400

33,240

 

 

 

 

 

 

Age Full Retirement Age to 69

 

 

 

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Age 70 and Above

 

 

 

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Unlimited

Maximum Social Security Benefits (mo)

 

 

 

 

 

 

 

 

2,323

 

2,116

2,053

1,939

1,825

1,741

1,660

1,536

1,433

Archer HSA / MSA Limits Of A High Deductible Health Plan

Family Coverage -  HSA Contribution Limit

6,750

6,750

 

6,550

 

 

 

 

4,000

3,850

3,750

3,650

 

 

 

 

 

 

Individual Coverage - HSA Contribution Limit

3,400

3,350

 

3,300

 

 

 

 

3,000

2,900

2,850

3,650

 

 

 

 

 

 

Long Term Care Premiums Maximum Deductible Amount

Age 40 and under (at year end)

 

 

 

 

 

350

 340

330

320

310

290

280

270

260

250

240 (Est)

230

220

Age 41-50 (at year end)

 

 

 

 

 

660

640

620

600

580

550

530

510

490

470

450 (Est)

430

410

Age 51-60 (at year end)

 

 

 

 

 

1,310

1,270

1,230

1,190

1,150

1,110

1,060

1,020

980

940

900 (Est)

860

820

Age 61-70 (at year end)

 

 

 

 

 

3,500

3,390

3,290

3,180

3,080

2,950

2,830

2,720

2,600

2,510

2,390 (Est)

2,290

2,200

Over age 70 (at year end)

 

 

 

 

 

4,370

4,240

4,110

3,980

3,850

3,680

3,530

3,400

3,250

3,130

2,990 (Est)

2,860

2,750

Excludable Long-term Care Services / Day

 

 

 

 

 

310

300

290

 

 

$250

 

 

 

 

 

 

 

Alternative Minimum Tax Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

<175,000=26% / 28%

 

TBA

26%/28%

26%/28%

Estimated Tax Payments (AGI > $150,000)

% of Prior Year Tax

 

 

 

 

 

 

 

 

 

 

110%

110%

110%

110%

110%

112%

110%

108.6%

% of Current Year Tax

 

 

 

 

 

 

 

 

 

 

90%

90%

90%

90%

90%

90%

90%

90%

Earned Income (1)= Beginning Phaseout Amount; (2) Ending Phaseout Amount

(0) Earned Income Amount  (Single-None)

 

 

 

 

 

13,980

 

 

13,400

 

 

 

 

 

 

 

 

 

(0) Earned Income Amount (MFJ-None)

 

 

 

 

 

19,190

 

 

18,400

 

 

 

 

 

 

 

 

 

(1) Earned Income (Single-One)

 

 

 

 

 

36,920

 

 

35,450

 

 

 

 

 

 

 

 

 

(1) Earned Income Amount (MFJ - One)

 

 

 

 

 

42,130

 

 

40,450

 

35,241

34,001

37,263

7,660

 

 

 

 

(2) Earned Income Amount (Single-Two)

 

 

 

 

 

41,952

 

 

35,450

 

 

 

 

 

 

 

 

 

(2) Earned Income Amount - (MFJ-Two)

 

 

 

 

 

47,162

 

 

40,450

41,646

39,763

38,348

33,030

10,750

 

 

 

 

(3) Earned Income Amount - (Single Three or More)

 

 

 

 

 

45,060

 

 

43,350

 

 

 

 

 

 

 

 

 

(3) Earned Income Amount - (MFJ-Three or More)

 

 

 

 

 

50,270

 

 

48,300

 

 

 

 

 

 

 

 

 

Maximum Amount of Credit -  (MFJ 3 or more)

 

 

 

 

6,044

5,891

 

 

 

 

 

 

 

 

 

 

 

 

Maximum Investment Income Cannot Exceed

 

 

 

 

 

3,200

 

 

 

 

 

 

 

 

 

 

 

 

Gift and Estate Tax

Unified Credit Equivalent

 

>5,430,000

>5,430,000

>5,340,000

>5,250,000 40%

>5,120,000

>5,000,000 35%

Repealed

3,500,000

2,000,000

2,000,000

2,000,000

1,500,000

1,500,000

1,000,000

1,000,000

675,000

675,000

Annual Gift Tax Exclusion

 

14,000

14,000

14,000

14,000

13,000

13,000

13,000

13,000

12,000

12,000

12,000

11,000

11,000

11,000

11,000

10,000

10,000

Yucaipa Office

35460 Beech Avenue

Yucaipa, CA  92399

Telephone  (909) 790-1583

Fax            (909) 790-3862

E-mail Please Call For Address

Please contact our Web master with questions or comments.

Copyright 1999 Jerry E. Bartram, CPA  All rights reserved.

Web designed and authored by Jerry E. Bartram, CPA  Last Updated 01/17/17

"IRS Circular 230 disclosure: To ensure compliance with requirements imposed by the IRS, I inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any matters addressed herein."