2014 Annual Gift Tax Exclusion
You may give the following amount to an individual, free of gift tax: Year Annual Exclusion 2014 $14,000
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2014 Federal Estate Tax Levels
At death, a surviving spouse’s estate will owe estate taxes on the net value that exceeds the annual exemption: Year...
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2014 Federal Tax Brackets
Marginal Tax Rate | Single | Married Filing Jointly or Qualifying Widow(er) | Married Filing Separately |
39.6% | $406,751 and more | $457,601 and more | $228,801 and more |
35% | $405,101 - $406,750 | $405,101 - $457,600 | $202,551 - $228,800 |
2014 SEP IRA Contribution Levels
Here’s what can be contributed to a SEP IRA: Year Status Maximum Contribution 2014 W-2 Income Up to 25% of...
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2014 Traditional IRA Deductions
If you are covered by a retirement plan at work, use this IRS table to determine if you can deduct...
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2014 Roth IRA Conversion Eligibility
Year Eligibility 2014 Anyone Can
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2014 Roth IRA Eligibility
| If your filing status is... | And your modified AGI is... | Then you can contribute... |
|---|---|---|
| married filing jointly or qualifying widow(er) | < $181,000 | up to the limit |
> $181,000 but < $191,000 | a reduced amount | |
> $191,000 | zero | |
| married filing separately and you lived with your spouse at any time during the year | < $10,000 | a reduced amount |
> $10,000 | zero | |
| single, head of household, or married filing separately and you did not live with your spouse at any time during the year | < $114,000 | up to the limit |
> $114,000 but < $129,000 | a reduced amount | |
> $129,000 | zero |
2014 IRA Contribution Levels
Year Under age 50 Age 50+ 2014 $5,500 $6,500
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2013 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.
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2013 Roth IRA Conversion Eligibility
Year Eligibility 2013 Anyone Can
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