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Resources

​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
Protection of Assets at Pershing, LLC
Privacy Policy

Geremia Financial Services, LLC is a Registered Investment Adviser. Custody and clearing offered through Pershing Advisor Solutions a Division of Bank of New York.  Geremia Financial Services, LLC only provides investment advice to persons residing in states where it is properly registered, or excluded or exempted from registration requirements. The presence of this web site on the Internet shall in no direct or indirect way be construed or interpreted as a solicitation to sell or offer to sell investment advisory services to any residents of any state other than the states where legally permitted. Please be aware that there are risks associated with all investments and investment strategies. Historical investment performance may not be indicative of future results. It is the policy of Geremia Financial Services, LLC that any e-mail address or other personal information given to Geremia Financial Services, LLC through this website will not be shared with any third party without the sender’s permission. Information submitted to Geremia Financial Services, LLC via this website, other than personal information, will be treated as non-proprietary and available for use by Geremia Financial Services, LLC in its normal course of business.
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  • Home
  • About US
    • Company Overview
    • Our Team
    • Products and Services
    • Investment Philosophy
  • FAQ
  • Contact
  • Geremia Capital, LLC
  • Client Login