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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:

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 roll the IRA over or treat it as their own also use the single life table, but they can look up their age each year.

You may give the following amount to an individual, free of gift tax: Year Annual Exclusion 2013 $14,000

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.

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

Tax on assets transferred to non-spouse heirs at death: Year Exempt from Tax GST Tax Rate 2013 $5,250,000 per person...

Marginal Tax Rate	Single	Married Filing Jointly or Qualifying Widow(er)	Married Filing Separately
39.6%	$400,001 and more	$450,001 and more	$225,001 and more
35%	$398,351 - $400,000	$398,351 - $450,000	$199,176 - $225,000

Here’s what you can contribute to a SEP IRA: Year Status Maximum Contribution 2013 W-2 Income Up to 25% of...

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

Year If your tax status is… … you can contribute to a Roth IRA if yourmodified adjusted gross income is...