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This table is the 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 Lifetime Table is never used by IRA beneficiaries to compute required distributions on their inherited IRAs.

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.

You may give the following amount to an individual, free of gift tax:

Year	Annual Exclusion
2016	$14,000

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:

Tax on assets transferred to non-spouse heirs at death:

Year	Exempt from Tax	GST Tax Rate
2016	$5,450,000 per person (no portability)	40%

At death, a surviving spouse's estate will owe estate taxes on the net value that exceeds the annual exemption:

Year	Exempt from Tax	Estate-Tax Rate
2016	$5,450,000 per person with portability	Top rate of 40%

Marginal Tax Rate	Single	Married Filing Jointly or Qualifying Widow(er)	Married Filing Separately
39.6%	$415,051 and more	$466,951 and more	$223,476 and more
35%	$413,351 - $415,050	$413,351 - $466,950	$206,676 - $223,475

Year	Eligibility
2016	Anyone Can

Here's what can be contributed to a SEP IRA:

Year	Status	Maximum Contribution
2016	W-2 Income	Up to 25% of compensation, but no more than $53,000.
2016	Self Employed	Generally up to 20%, but no more than $53,000.

If you are covered by a retirement plan at work, use this IRS table to determine if you can deduct...