|
|
Filing Thresholds
|
2012
|
2011
|
2010
|
2009
|
2008
|
2007
|
2006
|
2005
|
2004
|
2003
|
2002
|
2001
|
2000
|
|
Joint Return (One Man, One Woman) <Both 65
|
|
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
|
|
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
|
|
21,300
|
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
|
|
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
|
|
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
|
|
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
|
|
13,650
|
13,450
|
12,850
|
12,850
|
|
|
|
|
|
|
|
|
|
Married Filing Separately
|
|
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)
|
|
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
|
|
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)
|
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
|
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
|
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
|
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
|
1,150
|
1,150
|
1,100
|
1,100
|
1,050
|
1,050
|
1,000
|
1,000
|
950
|
950
|
900
|
900
|
850
|
|
Additional for Elderly/Blind - Unmarried
|
1,450
|
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
|
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
|
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
|
12,660/189,710-229,710
|
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%
|
|
|
|
|
|
Joint or Qualifying Widower
|
17,400
|
17,000
|
16,750
|
16,700
|
16,051
|
15,650
|
15,100
|
14,600
|
14,300
|
14,000
|
|
|
|
|
Unmarried Individuals
|
8,700
|
8,500
|
8,350
|
8,350
|
8,025
|
7,825
|
7,550
|
7,300
|
7,150
|
7,000
|
|
|
|
|
Head of Household
|
12,400
|
11,950
|
11,950
|
11,950
|
11,450
|
11,200
|
10,750
|
10,450
|
10,200
|
10,000
|
|
|
|
|
Married Filing separately
|
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%
|
|
|
|
|
Joint or Qualifying Widower
|
17,400
|
17,000
|
16,751
|
16,701
|
16,051
|
15,650
|
15,100
|
14,600
|
14,301
|
14,001
|
|
|
|
|
Unmarried Individuals
|
8,700
|
8,500
|
8.376
|
8,351
|
8,026
|
7,825
|
7,550
|
7,300
|
7,301
|
7,001
|
|
|
|
|
Head of Household
|
12,400
|
12,150
|
11,950
|
11,951
|
11,451
|
11,200
|
10,750
|
10,451
|
10,201
|
10,001
|
|
|
|
|
Married Filing separately
|
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%
|
27%
|
27.5%
|
28%
|
|
Joint or Qualifying Widower
|
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
|
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
|
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
|
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%
|
30%
|
30.5%
|
31%
|
|
Joint or Qualifying Widow(er)
|
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
|
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
|
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
|
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%
|
35%
|
35.5%
|
36%
|
|
Joint or Qualifying Widower
|
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
|
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
|
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
|
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%
|
38.6%
|
39.1%
|
39.6%
|
|
Joint or Qualifying Widow(er)
|
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
|
388,350
|
379,150
|
>373.650
|
>372,950
|
>357,700
|
>349,700
|
>336,550
|
>326,450
|
|
|
|
|
|
|
Head of Household
|
388,350
|
379,150
|
>373.650
|
>372,950
|
>357,700
|
>349,700
|
>336,550
|
326,451
|
|
|
|
|
|
|
Married Filing separately
|
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
|
|
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)
|
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
|
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
|
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
|
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, Unmarried Individuals, Head of Household
|
Repealed
|
Repealed
|
Repealed
|
166,800
|
159,950
|
156,400
|
150,500
|
145,950
|
142,700
|
139,500
|
137,300
|
132,950
|
128,950
|
|
Married Filing Separately
|
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
|
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)
|
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)
|
|
SE Tax Rate
|
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%-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
|
|
|
|
|
New Employer UI
|
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%
|
|
|
|
|
State Disability Insurance
|
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
|
0.555
|
>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
|
0.140 Katrina=0.320
|
0.140 Katrina=0.320
|
0.140
|
0.140
|
0.140
|
.140
|
.140
|
.140
|
|
Moving Expense Mileage
|
|
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/Moving
|
|
.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
|
|
|
0.23
|
|
|
|
|
|
|
|
|
|
|
|
High Cost Locality Per Diem Travel Rate (After 9/30/10)
|
|
|
0.233
|
|
|
|
|
|
|
|
|
|
|
|
Low Cost Locality Per Diem Travel Rate (After 9/30/10)
|
|
|
0.16
|
|
|
|
|
|
|
|
|
|
|
|
College Bond Interest Exclusion
|
|
Unmarried Individuals/Head of Household
|
|
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
|
|
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
|
|
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 Credit
|
|
|
|
|
2,000
|
2,000
|
|
|
|
|
|
|
|
|
Unmarried Individuals/Head of Household/Married Filing Separate
|
|
|
|
|
$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
|
|
Joint
|
|
|
|
|
$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
|
|
|
|
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
|
|
|
|
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
|
|
|
|
|
|
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
|
|
|
Unmarried Individuals/Head of Household
|
|
|
|
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
|
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
|
|
Retirement Savings Limit Employee Contributions
|
|
Individual Retirement - Under 50
|
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
|
6,000
|
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
|
5,000
|
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
|
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
|
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
|
8,000/68,000
|
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
|
|
Max Employee Deferral Deductible 401(k) and 403(b) / (50 or over)
|
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
|
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)
|
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
|
550
|
550
|
550
|
550
|
500
|
500
|
450
|
450
|
450
|
450
|
450
|
450
|
450
|
|
SIMPLE Plan Employee Deferral
|
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)
|
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
|
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
|
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
|
|
|
|
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
|
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
|
139,000
|
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
|
|
26,800
|
|
27,800
|
32,000
|
|
|
|
|
|
|
|
|
|
Joint - Less than 27,800
|
|
0%
|
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
|
- Between 27,800 and 36,200
|
|
50%
|
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
|
- Over 36,200
|
|
85%
|
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
|
Base Amount
|
|
23,200
|
|
23,200
|
25,000
|
|
|
|
|
|
|
|
|
|
Unmarried Individuals - Less than 23,2000
|
|
0%
|
|
0%
|
0%
|
0%
|
0%
|
0%
|
0%
|
0
|
0%
|
0%
|
0%
|
|
- Between 23,200 and 26,800
|
|
50%
|
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
50%
|
|
- Over 26,800
|
|
85%
|
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
85%
|
|
Earnings Ceiling for Social Security
|
|
Under Age 65
|
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
|
|
Age 70 and Above
|
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 MSA Limits Of A High Deductible Health Plan
|
|
Family Coverage - Minimum Annual Deductible
|
|
|
|
4,000
|
3,850
|
3,750
|
3,650
|
|
|
|
|
|
|
|
Family Coverage - Maximum Annual Deductible
|
|
|
|
6,050
|
5,800
|
5,650
|
5,450
|
|
|
|
|
|
|
|
Annual Out-of-Pocket Required to be Paid
|
|
|
|
7,350
|
7,050
|
|
|
|
|
|
|
|
|
|
Individual Coverage - Minimum Annual Deductible
|
|
|
|
2,000
|
1,950
|
1,900
|
1,800
|
|
|
|
|
|
|
|
Individual Coverage - Maximum Annual Deductible
|
|
|
|
3,000
|
2,900
|
2,850
|
3,650
|
|
|
|
|
|
|
|
Annual Out-of-Pocket Required to be Paid
|
|
|
|
4,000
|
3,850
|
|
|
|
|
|
|
|
|
|
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
|
|
(1) Earned Income Amount (MFJ) - One
|
|
|
|
16,420
|
|
35,241
|
34,001
|
37,263
|
7,660
|
|
|
|
|
|
(1) Earned Income Amount (MFJ) - Two or More
|
|
|
| |
