| Standard Deductions |
| Joint or Qualifying Widower |
$25,900 |
$25,100 |
$24,800 |
| Single |
$12,950 |
$12,550 |
$12,400 |
| Head of Household |
$19,400 |
$18,800 |
$18,650 |
| Married Filing Separately |
$12,950 |
$12,550 |
$12,400 |
| Taxpayer Claimed as Dependent of another |
$1,150 |
$1,100 |
$1,100 |
| |
| Personal / Dependent Exemption |
- |
- |
- |
| |
| Child Tax Credit |
|
|
$2,000 |
| Children under 6 |
$2,000 |
$3,600 |
|
| Children Ages 6-17 |
$2,000 |
$3,000 |
|
| |
| Unearned Income Without Kiddie Tax |
$2,300 |
$2,200 |
$2,100 |
| |
| Gift and Estate Tax |
| Estate and Gift Tax Exclusion |
$11,060,000 |
$11,700,000 |
$11,580,000 |
| Gift Tax Annual Exclusion |
$16,000 |
$15,000 |
$15,000 |
| |
| FICA Tax Maximum Earnings |
$147,000 |
$142,800 |
$137,700 |
| |
| Auto Standard Mileage Allowances |
| Business |
$0.585 |
$0.56 |
$0.575 |
| Charity Work |
$0.14 |
$0.14 |
$0.14 |
| Medical / Moving |
$0.18 |
$0.16 |
$0.18 |
| |
| Earnings Ceiling for Social Security |
| Below Full Retirement Age |
$19,560 |
$18,960 |
$18,240 |
| Full Retirement Age |
Unlimited |
Unlimited |
Unlimited |
| |
| Section 179 Deduction |
| Deduction |
$1,050,000 |
$1,050,000 |
$1,040,000 |
| Maximum Equipment Purchases |
$2,620,000 |
$2,620,000 |
$2,590,000 |
| |
| Maximum 401(k) Deferral |
| Annual Deferral |
$20,500 |
$19,500 |
$19,500 |
| Catch-up Contributions |
$6,500 |
$6,500 |
$6,500 |
| |
| Simple Plan Deferral |
| Annual Deferral |
$14,000 |
$13,500 |
$13,500 |
| Catch-up Contributions |
$3,000 |
$3,000 |
$3,000 |
| |
| IRA Contributions |
| Annual Contribution Limit |
$6,000 |
$6,000 |
$6,000 |
| Catch-up Contributions |
$1,000 |
$1,000 |
$1,000 |
| |
| Section 179 Deduction |
| Deduction |
$1,080,000 |
|
|
| Manimum Equipment Purchases |
$2,700,000 |
|
|