Single Life Expectancy Table
(to be used for calculating post-death required distributions to beneficiaries)
Designated beneficiaries use this single life expectancy table based on their age in the year after the IRA owner's death. That factor is reduced by one for each succeeding distribution year. Spouse beneficiaries who do not elect to the roll the IRA over or treat it as their own, also use the single life table, but they can recalculate each year.
Joint Life Expectancy Table
This table is used only for lifetime distributions and only when the spousal exception applies (when the spouse is the sole beneficiary for the entire year and is more than 10 years younger than the IRA owner). Beneficiaries never use this table.
View this tableUniform Lifetime Table
This table is the new life expectancy table to be used by all IRA owners to calculate lifetime distributions (unless your beneficiary is your spouse who is more than 10 years younger than you). In that case, you would not use this table, you would use the actual joint life expectancy of you and your spouse based on the regular joint life expectancy table. The Uniform Distribution Table is never used by IRA beneficiaries to compute required distributions on their inherited IRAs.
View this tableIRA Minimum Distribution Tables
When owners of a Traditional IRA reach age 70½, they are required to take annual minimum distributions. The amount changes each year. Simply divide your IRA's value at the end of each year by the distribution period listed next to your age in the following IRS charts:
Annual Gift Tax Exclusion
You may give the following amount to an individual, free of gift tax: Year Annual Exclusion 2012 $13,000
View this tableFederal Estate Tax Levels
At death, a surviving spouse’s estate will owe estate taxes on the net value that exceeds the annual exemption: Year...
View this tableGeneration-Skipping Transfer (GST) Tax
Tax on assets transferred to non-spouse heirs at death: Year Exempt from Tax GST tax rate 2012 $5.12 million per...
View this table2012 Federal Tax Brackets
Marginal Tax Rate Single Married Filing Jointly or Qualifying Widow(er) Married Filing Separately 35% $388,351 and more $388,351 and more...
View this tableSEP IRA Contribution Levels
Here’s what you can contribute to a SEP IRA: Year Status Maximum Contribution Deductible 2012 W-2 Income Up to 25%...
View this tableTraditional IRA Deductions
If you do participate in a retirement plan at work, use this IRS table to determine if you can deduct...
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