Married, filing jointly
$0–$18,650 10.0% $18,651–$75,900 15.0% $75,901–$153,100 25.0% $153,101–$233,350 28.0% $233,351–$416,700 33.0% $416,701–$470,700 35.0% Over $470,700 39.6% Married, filing separately $0–$9,325 10.0% $9,326–$37,950 15.0% $37,951–$76,550 25.0% $76,551–$116,675 28.0% $116,676–$208,350 33.0% $208,351–$235,350 35.0% Over $235,350 39.6% Estates and trusts $0–$2,550 15.0% $2,551–$6,000 25.0% $6,001–$9,150 28.0% $9,151–$12,500 33.0% Over $12,500 39.6% |
Single
$0–$9,325 10.0% $9,326–$37,950 15.0% $37,951–$91,900 25.0% $91,901–$191,650 28.0% $191,651–$416,700 33.0% $416,701–$418,400 35.0% Over $418,400 39.6% Head of household $0–$13,350 10.0% $13,351–$50,800 15.0% $50,801–$131,200 25.0% $131,201–$212,500 28.0% $212,501–$416,700 33.0% $416,701–$444,550 35.0% Over $444,550 39.6% |
Long-term capital gains/ qualified dividend rates
0.0%–15.0% brackets 0.0% >15.0% but <39.6% brackets 15.0% Top bracket (39.6%) 20.0% Capital gains on collectibles 28.0% Standard deduction Married, filing jointly $12,700 Single $6,350 Married, filing separately $6,350 Head of household $9,350 Blind or over 65: $1,250 if married; $1,550 if single or head of household. |
Capital loss limit
Married, filing jointly $3,000 Single $3,000 Married, filing separately $1,500 If your capital loss exceeds your capital gains. Estate tax Transfer tax rate (maximum) 40.0% Estate tax exemption $5,490,000 Gift tax exemption $5,490,000 Generation-skipping transfer exemption $5,490,000 |
Kiddie tax exemption $2,100
529 plan contributions, $14,000 per yr. per individual before a gift tax 529 plan contributions, $28,000 per yr. per couple before a gift tax Accelerate 5 years of gifting into 1 year per individual $70,000 Per couple $140,000 Student loan interest Deduction limit $2,500 Phaseout—single $65,000–$80,000 MAGI1 Phaseout—joint $135,000–$165,000 MAGI1 American Opportunity Education Tax Credit Maximum credit $2,500 Phaseout—single $80,000–$90,000 MAGI1 Phaseout—joint $160,000–$180,000 MAGI |
Lifetime learning credits
Maximum credit $2,000 Phaseout—single $56,000–$66,000 MAGI1 Phaseout—joint $112,000–$132,000 MAGI1 Coverdell Education Savings Account Contribution $2,000 Phaseout—single $95,000–$110,000 MAGI1 Phaseout—joint $190,000–$220,000 MAGI1 Phaseout of tax-free savings bonds interest Single $78,150–$93,150 MAGI1 Joint $117,250–$147,250 MAGI1 |
Retirement IRA and Roth contributions
Under age 50 $5,500 Aged 50 and over $6,500 Phaseout for deducting IRA contributions Contribution (for qualified plan participants) Married, filing jointly $99,000–$119,000 MAGI1 Single or head of household $62,000–$72,000 MAGI1 Married, filing jointly2 $186,000–$196,000 MAGI1 Phaseout of Roth contribution eligibility Joint $186,000–$196,000 MAGI1 Single $118,000–$133,000 MAGI1 Filing separately $0–$10,000 MAGI1 |
SEP contribution
Up to 25% of compensation Limit $54,000 To participate in SEP $600 SIMPLE elective deferral Under age 50 $12,500 Aged 50 and over $15,500 Qualified plan contributions 401(k), 403(b), 457, and SARSEP $18,000 Aged 50 and over $24,000 Limit on additions to defined contribution plan $54,000 Annual benefit limit on defined benefit plan $215,000 Highly compensated employee income level $120,000 Annual compensation taken into account for qualified plans $270,000 |