Sunday, July 8, 2018

Federal Tax Table 2014 - 2017 (rev. 2)

Please copy & distribute freely.
This information is provided for general information and educational purposes only.
It is based upon publicly available information from sources believed to be reliable.
No assurance to accuracy or completeness can be made,
 and information may change at any time and without notice.
Who Must File? 2014 2015 2016 2017
Filing Status/Age
Gross Income at least:
 Single-Under 65 10,150 10,300 10,350 10,400
 Single-65 or older 11,700 11,850 11,900 11,950
 MfJ - Under 65 (both spouses) 20,300 20,600 20,700 20,800
 MfJ - 65 or older (1 spouse) 21,500 21,850 21,950 22,050
 MfJ - 65 or older (both spouses) 22,700 23,100 23,200 23,300
 MfS - Any age 3,950 4,000 4,050 4,050
 HofH - Under 65 13,050 13,250 13,350 13,400
 HofH - 65 or older 14,600 14,800 14,900 14,950
 QW - Under 65 16,350 16,600 16,650 16,750
 QW - 65 or older 17,550 17,850 17,900 18,000
Standard deduction/Personal exemption 2014   2015  2016   2017
Standard Deduction:
  Single 6,200 6,300 6,300 6,350
  MfJ/QW 12,400 12,600 12,600 12,700
  MfS 6,200 6,300 6,300 6,350
  HofH 9,100 9,250 9,300 9,350
AGI Pease max limit 80%
  MfS  152,525 154,950  155,650  156,900
  Single  254,200 258,250 259,400 261,500
  HofH  279,650 284,050 285,350 287,650
  MfJ/QW 305,050 309,900 311,300 313,800
Add'l standard deduction allowed for taxpayer blind or age 65 or older at end of tax year:  
 MfJ/QW/MfS: married 1,200        1,250        1,250        1,250
 Single/HofH: unmarried 1,550        1,550        1,550        1,550
Child Tax Credit:
per child under age 17 1,000 1,000 1,000 1,000
(Max refundable: 3 kids)
Phaseout begins @MAGI
  Single/HofH/QW 75,000 75,000 75,000 75,000
  MfJ 110,000 110,000 110,000 110,000
  MfS 55,000 55,000 55,000 55,000
Nondiscrimination Comp Limits:
 Highly Comp EE 115,000 120,000 120,000 120,000
 Key EE in top-heavy plan 170,000 170,000 170,000 175,000
 Qualified Plan 260,000 265,000 265,000 270,000
 Defined Benefit plan 210,000 210,000 210,000 215,000
Dependent Standard Deduction: (when dependent claimed on another person's tax return)   
  Greater of        1,000        1,050        1,050        1,050
  OR Dependent's earned 
     income plus 350 350 350 350
Personal Exemption 3,950 4,000 4,050 4,050
PEP Phaseout: 2% for every $2,500 over
AGI begins @
  MfS AGI  152,525 154,950 155,650 156,900
  Single AGI  254,200 258,250 259,400 261,500
  HofH AGI  279,650 284,050 285,350 287,650
  MfJ/QW AGI  305,050 309,900 311,300 313,800
Foreign Income exclusion 99,200 100,800 101,300 102,100
Max housing exp @30% 29,760 30,240 30,390 30,630
 Housing exclusion @14% 13,888 14,112 14,182 14,294
 Avg annual net income tax imposed for 5 taxable years preceding date of loss of US citizenship (or cessation of long-term permanent residency) for individual to be a “covered expatriate” under §877A(g)(1) 157,000 160,000 161,000 162,000
Earned Income Credit 2014  2015  2016  2017
EITC is Zero @ AGI
Married filing Joint:
with 3+ children 52,427 53,267 53,505 53,930
with 2 children 49,186 49,974 50,198 50,597
with 1 child 43,941 44,651 44,846 45,207
with no children   20,020 20,330 20,430 20,600
EITC is zero @ AGI
Single/QW/HofH
with 3+ children 46,997 47,747 47,955 48,340
with 2 children 43,756 44,454 44,648 45,007
with 1 child 38,511 39,131 39,296 39,617
with no children 14,590 14,820 14,880 15,010
EITC max credit
with 3+ children 6,143 6,242 6,269 6,318
with 2 children 5,460 5,548 5,572 5,616
with 1 child 3,305 3,359 3,373 3,400
with no children 496 503 506 510
Gift & Estate 2014 2015 2016 2017
Personal gift & estate exemption 5.34M 5.43M 5.45M 5.49M
Married couple:
(Portability between spouses: DSUEA) (TRA2010)  10.68M 10.86M 10.90M 10.98M
GST tax exemption 5.34M 5.43M 5.45M 5.49M
(No DSUEA portability)
Lifetime Gift-tax exemption 5.34M 5.43M 5.45M 5.49M
  Estate/GST tax
max/top tax rate: 40% 40% 40% 40%
  Gift tax 
max/top tax rate: 40% 40% 40% 40%
Special use valuation limit (qualified real property in decedent's gross estate): §2032A 1,090K 1,100K 1,100K 1,120K
Annual Exclusion:
Gift tax exclusion §2503 14,000 14,000 14,000 14,000
Gift tax exclusion non-citizen spouse §2523(i)  145,000 147,000 148,000 149,000
Mileage Rates 2014 2015 2016 2017
Standard Mileage Rates (cents/mile):
 Business (gas & oil, insurance, repairs, tires,maintenance, depreciation)  56 57.5   54 53.5
 Depreciation (component) 22 24 24 25
 Medical & moving 23.5 23 19 17
 Charitable 14 14 14 14
Lease inclusion table when FMV over:
  Automobile 18,500 17,500 19,000 19,000
  Truck/Van 19,000 18,500 19,500 19,500
Alternative Min Tax 2014 2015 2016 2017
AMT Exemption:
  MfJ/QW 82,100 83,400 83,800 84,500
  Single/HofH 52,800 53,600 53,900 54,300
  MfS 41,050 41,700 41,900 42,250
  Estates & Trusts 23,500 23,800 23,900 24,100
AMT Exemption Phaseout:
Reduced by 25% over AMTI, begins @
  MfJ/QW  156,500 158,900 159,700 160,900
  Single/HofH 117,300 119,200 119,700 120,700
  MfS  78,250 79,450 79,850 80,450
  Estates & Trusts 78,250 79,450 79,850 80,450
AMT tax rate (low 26%/high 28%)
28% hi-rate begins @
  MfJ/QW/Estates&Trusts 182,500 185,400 186,300 187,800
  Single/HofH  182,500 185,400 186,300 187,800
  MfS  91,250 92,700 93,150 93,900
Education Provisions 2014 2015 2016 2017
Education Provisions (only one education benefit for same qualifying expense) 
American Opportunity  2,500 2,500 2,500 2,500
(modified HOPE) credit*
(1st 4-years of college) (40% refundable: $1,000)
Phaseout @MAGI
  Single/HofH/QW begins  80,000  80,000  80,000 80,000
  Single/HofH/QW ends 90,000 90,000 90,000 90,000
  MfJ begins  160,000 160,000 160,000 160,000
  MfJ ends  180,000 180,000 180,000 180,000
  MfS  -0- -0- -0- -0-
Lifetime Learning Credit** 2,000 2,000 2,000 2,000
(20% of 1st $10K tuition)
Phaseout begins @MAGI
  Single/HofH/QW  54,000 55,000 55,000 56,000
  MfJ 108,000 110,000 110,000 12,000
  MfS -0- -0- -0- -0-
 Tuition & fees** deduction: 4,000 4,000 4,000 n/a
Phaseout begins @MAGI
  Single/HofH/QW 65,000 65,000 65,000 n/a
  MfJ 130,000 130,000 130,000 n/a
Student loan interest** deduction 2,500 2,500 2,500 2,500
Phaseout begins @MAGI
  Single/HofH/QW   65,000  65,000  65,000 65,000
  MfJ  130,000 130,000 130,000 135,000
  MfS -0- -0- -0- -0-
Coverdell ESA* (< age 18) annual contribution: 2,000 2,000 2,000 2,000
(elementary, secondary, college) 
Phaseout ends @MAGI
  Single/HofH/QW 110,000 110,000 110,000 110,000
  MfJ 220,000 220,000 220,000 220,000
  §529 Annual limit/Donor* 14,000 14,000 14,000 14,000
  Lump-sum §529-single  70,000  70,000  70,000 70,000
  Lump-sum §529-joint  140,000  140,000  140,000 140,000
($300K lifetime)
*per student/**per family
Depreciation/§179 2014 2015 2016 2017
Depreciation limits
  1st year cap (New):
Bonus Depr (Add'l 50%)
      Automobiles 11,160 11,160 11,160 11,160
      Trucks & Vans 11,460 11,460 11,560 11,560
  1st year cap (Used):
No Bonus (Standard)
      Automobiles 3,160 3,160 3,160 3,160
      Trucks & Vans 3,460 3,460 3,560 3,560
  2nd year limit
      Automobiles 5,100 5,100 5,100 5,100
      Trucks & Vans 5,500 5,600 5,700 5,700
  3rd year limit
      Automobiles  3,050 3,050 3,050 3,050
      Trucks & Vans 3,350 3,350 3,350 3,450
  4th etc year limit
      Automobiles 1,875 1,875 1,875 1,875
      Trucks & Vans 1,975 1,975 2,075 2,075
Code §179 Vehicle Expensing - 1st year
SUV limit (per vehicle) 25,000 25,000 25,000 25,000
for Trucks & Vans
having loaded GVW 
over 6,000 lbs. (Plus 
50% or 100% additional 
1st year Bonus 
depreciation. Subject 
to depreciation dollar 
limits within MACRS 
allowable percentages)
Code §179
  Annual Expense Limit 500K 500K 500K 510K
Property cost limit prior to phase-out: 2M 2M 2M 2.03M
(Phase-out begins when
§179 property exceeds)
Capital gains rates 2014 2015 2016 2017
Long term Capital 3.80% 3.80% 3.80% 3.80%
Gains & Qualifying
Dividends Tax Rate:
plus 3.8% Medicare 
surtax (NIIT) on lessor of 
Net Investment Income or AGI
 >$250K MfJ/QW
 >$200K Single/HofH
 >$125K MfS
Estates&Trusts @ 3.8% 
 >Undistributed NII
ATRA2012 IRC §1411 12,150 12,300 12,400 12,500
  For taxpayers in 
10% - 15% bracket -0-% -0-% -0-% -0-%
25% - 35% bracket  15% 15% 15% 15%
39.6% bracket 23.80% 23.80% 23.80% 23.80%
20% Cap Gain tax rate begins @ AGI
  >$450K+COLA MfJ/QW
  >$400K+COLA Single
  MfJ/QW  457,600 464,850 466,950 470,700
  HofH 432,200 439,000 441,000 444,550
  Single 406,750 413,200 415,050 418,400
  MfS  228,800 232,425 233,475 235,350
  Estates & Trusts UNII 12,150 12,300 12,400 12,500
Tax on §1250 gain 25% 25% 25% 25%
depreciation recapture
(buildings) TRA1997
 Capital gains tax rate 28% 28% 28% 28%
on collectibles: (gold,
coins, art, antiques) & Qualified Small Business Stock §1202
Retirement 2014 2015 2016 2017
401(k), 403(b), 457 plans Annuities, SARSEP 
Annual Elective 
Deferral Limit:
  Under age 50 17,500 18,000 18,000 18,000
  Age 50+ catch-up 5,500 6,000 6,000 6,000
Defined Contribution Plan
 SEP/Profit-sharing 
contribution limit:  52,000 53,000 53,000 54,000
  Age 50+ catch-up 5,500 6,000 6,000 6,000
limited to 25% of comp 
 SEP Min comp amount:  550 600 600 600
 Solo 401(k):
  Age 50+ catch-up 52,000 53,000 53,000 54,000
limited to 100% of comp 5,500 6,000 6,000 6,000
Saver's credit
  Individual 1,000 1,000 1,000 2,000
  Couples 2,000 2,000 2,000 4,000
 Phaseout AGI ends @
  Single/MfS   30,000 30,500 30,750 31,000
  HofH   45,000 45,750 46,125 46,500
  MfJ   60,000 61,000 61,500 62,000
SIMPLE & SIMPLE 401(k) §408(p)(2)(e)
  Under age 50 12,000 12,500 12,500 12,500
  Age 50 catch-up 2,500 3,000 3,000 3,000
IRA*/Roth Contribution limits
(not to exceed income)
  Under Age 50  5,500  5,500  5,500  5,500
  Age 50+ catch-up 1,000 1,000 1,000 1,000
Traditional IRA:   60,000 61,000 61,000 62,000
 TP "covered" at work: 96,000 98,000 98,000 99,000
AGI Phaseout begins @ -0- -0- -0- -0-
  Single/HofH 
  MfJ/QW
  MfS
 TP "not covered" at work/ Spouse "covered" at work:  181,000  183,000  184,000 186,000
AGI Phaseout begins @ 
  MfJ  
 *Fully deductible, regardless of income, if not covered by employer plan at work
Roth Phaseout begins @
  Single/HofH AGI 114,000 116,000 117,000 118,000 186,000
  MfJ/QW AGI 181,000 183,000 184,000 -0-
  MfS AGI  -0- -0- -0-
Social Security 2014 2015 2016 2017
Social Security items:
Taxable when Modified Adjusted Gross Income (MAGI) is more than:
  50% Taxable
  Single 25,000 25,000 25,000 25,000
  Married 32,000 32,000 32,000 32,000
  85% Taxable
  Single 34,000 34,000 34,000 34,000
  Married 44,000 44,000 44,000 44,000
Benefits Planner
Quarter of Coverage: 1,200 1,220 1,260 1,300
Earnings needed 
to earn one Social 
Security credit  
Max earnings: Social
Security recipients
Benefits witholding: 15,480 15,720 15,720 16,920
Prior to FRA (Age 62-65)
($1/$2 earnings above)
Benefits witholding: 41,400 41,880 41,880 44,880
Year of FRA (Age 66)
($1/$3 earnings above)
After Full  no limit no limit no limit no limit
Retirement age
Max Monthly SS Benefit:  2,642 2,663 2,639 2,687
  Worker retiring @ full retirement age 
Social Security Benefits
Max earnings  117,000 118,500 118,500 127,200
subject to 
Social Security tax
Max earnings subject no limit no limit no limit no limit
to Medicare tax
plus 0.9% Medicare 
surtax withheld on
taxable income
 >$250K MfJ
 >$200K Single/HofH
 >$125 MfS
Obama Care
Medicare Part B
Base-Premium/year 1,260 1,260 1,464 1,608
Yearly income <$85K 105/mo 105/mo 122/mo 134/mo
(Dr. visits, surgeries, lab 
tests,ambulance,supplies)
General deductions, 2014 2015 2016 2017
exclusions & Health items
 Adoption credit:  13,190 13,400 13,460 13,570
(non-refundable)
Phaseout MAGI begins@ 197,880 201,010 201,920 203,540
Phaseout MAGI ends@ 237,880 241,010 241,920 243,540
Nanny tax threshhold:
Household employee
(Schedule H)
 Amount FICA begins 1,900 1,900 2,000 2,000
 Amount FUTA begins 1,000 1,000 1,000 1,000
"Kiddie Tax" threshold:
(Kids under 19) Kid's unearned income over earnings limit taxed @ parent's highest rate 2,000 2,100 2,100 2,100
Attorney fee award 190 200 200 200
limitation (per hour)
§7430(c)(1)(B)(iii)
Commuter fringe/month (vanpool, bus, ferry, rail & all public trans) 130  250 255 255
Parking fringe 250 250 255 255
ISRP (No MEC?) 
  ISRP Higher of: 
% of Household Income 1% 2% 2.50% 2.50%
OR flat fee/Adult  95  325  695 695
      flat fee/Child under 18 47.5 162.5 347.5 347.5
Max flat fee per family  285 975 2,085 2,085
(Max cannot exceed Natl Avg Marketplace Bronze Plan annual premium) 
Medical Savings Account 
 Max % of deductible-self 65% 65% 65% 65%
 HDHP Max Deductible 3,250 3,300 3,350 3,350
 HDHP Min Deductible 2,200 2,200 2,250 2,250
 Max out-of-pocket 4,350 4,450 4,450 4,500
 Max % of deductible-family  75%  75% 75% 75%
 HDHP Max Deductible 6,550 6,650 6,700 6,750
 HDHP Min Deductible 4,350 4,450 4,450 4,500
 Max out-of-pocket 8,000 8,150 8,150 8,250
HSA Contribution Limit
100% Deductible
  Self-only  3,300 3,350 3,350 3,400
  Family  6,550 6,650 6,750 6,750
  Catch-up (55+) 1,000 1,000 1,000 1,000
HDHP Min deductible: 
  Self-only 1,250 1,300 1,300 1,300
  Family 2,500 2,600 2,600 2,600
HDHP Max out-of-pocket  
  Self-only 6,350 6,450 6,550 6,550
  Family 12,700 12,900 13,100 13,100
LTC Premium
deduction limit:
  Age 40 or less 370 380 390 410
  Age 41 to 50 700 710 730 770
  Age 51 to 60 1,400 1,430 1,460 1,530
  Age 61 to 70 3,720 3,800 3,900 4,090
  Age over 70 4,660 4,750 4,870 5,110
LTC Benefit:  330 330 340 360
  Max daily excludable
Flex-Spending Account
Cafeteria Plan §125: 
  Max excludable ($500 max unused annual carryover)  2,500 2,550 2,550 2,600
Property exempt
from levy: §6334(a)(2)
 Furniture personal   8,940 9,080 9,120 9,200
 Tools/Books 4,470 4,540 4,560 4,600
Per Diem Rates §274(d) Annual High/Low 
High-cost locality: 
 Lodging    186 194 207 214
 Meals & Incidentals 65 65 68 68
   Max high-cost rate 251 259 275 282
Low-cost locality:
 Lodging 118 120 128 132
 Meals & Incidentals 52 52 57 57
   Max low-cost rate 170 172 185 189