This chart is only for those who are covered by a company retirement plan.
Year
Married/Joint
Single or head of Household
2023
116,000 - 136,000
73,000 - 83,000
2024
123,000 - 143,000
77,000 - 87,000
2025
126,600 - 146,000
79,000 - 89,000
If not covered by a company plan but the spouse is, the phase-out range for 2024 is $230,000 - $240,000 and for 2025 is $236,000 - $246,000. If filing married-separate, the phase-out range is $0 - $10,000.
Quick Fact Sheet – Roth IRA Contributions You have earned income You contribute already taxed funds (after-tax funds) to a Roth IRA You receive no tax...
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.
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.
Uniform Lifetime Table
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.
When owners of a Traditional IRA reach age 73, they are required to take annual minimum distributions. The amount changes each year. Simply divide your IRA's value at the end of the prior year by the distribution factor 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:
