​ETF Guide

2015 1099 Statement Guide

The Power of Retirement Saving

2015 Earned Income Tax Credit Information​

2016 Tax Reference

2016 Tax Reference

• Tax Brackets
• Capital Gains
• Estate Tax
• Education
• Retirement

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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

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