Individual Income Tax

Married, Filing Joint Return (and Surviving Spouse)

 $ 12,700

Head of Household

 $ 9,350

Unmarried (Not Surviving Spouse or Head of Household)

 $ 6,350

Married, Filing Separate Return

 $ 6,350

Dependent Standard Deduction (Minimum)

 $ 1,050

Additional Amount for Blindness or Age

 $ 1,250

Additional Amount as Above if Unmarried and Not S.S.

 $ 1,550

Phaseout of Itemized Deductions (AGI Threshold Starts)

• Married, Filing Joint Return (and Surviving Spouse)
  

 $ 313,800

• Head of Household
  

 $ 287,650

• Unmarried (Not Surviving Spouse or Head of Household)
  

 $ 261,500

• Married, Filing Separate Return
  

 $ 156,900

Nonbusiness Casualty Loss (AGI Threshold)

10%

Medical Deduction (AGI Threshold)

• Taxpayers, Generally
  

10%

• Taxpayer or Spouse, Age 65 and Older
  

7.5%

Miscellaneous Itemized Deduction (AGI Threshold)

2%

Personal and Dependent Amount

 $ 4,050

Phaseout of Exemptions (AGI Threshold Starts/Upper Limit)

• Married, Filing Joint Return (and Surviving Spouse)
  

$313,800/$436,300

• Head of Household
  

$287,650/$410,150

• Unmarried (Not Surviving Spouse or Head of Household)
  

$261,500/$384,000

• Married, Filing Separate Return
  

$156,900/$218,150

American Opportunity (Modified Hope) Credit

 $ 2,500

Lifetime Learning Credit

 $ 2,000

Coverdell Education Savings Account Contribution

 $ 2,000

Student Loan Interest Deduction

$ 2,500

Phaseout of U.S. Savings Bond Interest Exclusion (MAGI Threshold Starts/Upper Limit)

• Married, Filing Joint Return
  

$117,250/$147,250

• Unmarried, Surviving Spouse, or Head of Household
  

$78,150/$93,150

Excess Taxable Income Threshold for 28% Rate (if not 26%)

Individuals, Estates, and Trusts, Generally

$ 187,800

Married, Filing Separate Return

$ 93,900

Exemption Amounts

Married, Filing Joint Return (and Surviving Spouse)

$ 84,500

Unmarried and Head of Household (not Surviving Spouse)

$ 54,300

Married, Filing Separate Return

$ 42,250

Estate and Trust

$ 24,100

Phaseout of AMT Exemption (AMTI Threshold Starts)

Married, Filing Joint Return (and Surviving Spouse)

$ 160,900

Unmarried and Head of Household (not Surviving Spouse)

$ 120,700

Married, Filing Separate Return

$ 80,450

Estate and Trust

$ 80,450

Business Mileage Rate

54¢

Medical and Moving Mileage Rate

19¢

Charitable Mileage Rate

14¢

Depreciation Component of Standard Mileage Rate

24¢

High/Low Cost Locality Per Diem Travel Rates (after 9/30/17)

High: $284 / Low: $191

High/Low Cost Locality Per Diem Travel Rates (after 9/30/16)

High: $282 / Low: $189

Additional Tax on Net Investment Income of High-Income Taxpayers

3.8%

Taxpayers in 10% or 15% Income Tax Bracket

 0%

Taxpayers in 25%, 28%, 33% or 35% Income Tax Bracket

15%

Taxpayers in 39.6% Income Tax Bracket

20%

Unrecaptured Gain on Real Estate (Section 1250 gain)

25%

Collectibles and Qualified Small Business Stock

28%

Estate & Gift Basic Exclusion Amount

$ 5,490,000

Annual Gift Tax Exclusion (Per Donee)

$ 14,000

Maximum Estate & Gift Tax Rate

40%

Maximum Deduction

 $ 510,000

Investment Limitation

 $ 2,030,000

Maximum Elective Deferral to 401(k), 403(b), 457, and Thrift Plans

 $ 18,000

Maximum Elective Deferral to SIMPLE 401(k) and SIMPLE IRA Plans

 $ 12,500

Maximum Contribution Limit to Traditional and Roth IRAs

 $ 5,500

Catch-Up Contributions Limits (For Individuals Age 50 and Over)

• 401(k), 403(b), 457, and Thrift Plans
  

 $ 6,000

• SIMPLE 401(k) and SIMPLE IRA Plans
  

 $ 3,000

• Traditional and Roth IRAs
  

 $ 1,000

Limit on Annual Additions to Defined Contribution Plans and SEPs

 $ 54,000

Annual Compensation Limit for Determining Contributions

 $ 270,000

SEP Minimum Compensation Amount

 $ 600

Limit on Annual Benefits Under Defined Benefit Plans

 $ 215,000

Highly Compensated Employee Threshold

$ 120,000

Health Savings Account (HSA) Contribution Limit

• Self-Only Coverage
  

 $ 3,400

• Family Coverage
  

$ 6,750

Health Flexible Savings Account (FSA) Contribution Limit

 $ 2,600

FICA or Self-Employed Combined Rate (OASDI + Medicare)

 15.3%

FICA (Employer or Employee) Rate (OASDI + Medicare)

 7.65%

OASDI (Employer or Employee) Rate

 6.2%

OASDI Maximum Base

 $ 127,200

Medicare (Employer and Employee) Rate

1.45%

Additional Medicare Rate (High-Income Employees and Self-Employed)

 0.9%

FUTA Rate

6.0%

FUTA Wage Base

$ 7,000

Nanny Tax Threshold

 $ 2,000