IRA and Tax Tables 2014

The following is for tax year 2014 (except where noted). Bookmark this page for faster reference.

2014 IRA 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:

View this table

2014 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 table

2014 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.
View this table

2014 Single Life Expectancy Table

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.

View this table

2014 Generation-Skipping Transfer (GST) Tax

Tax on assets transferred to non-spouse heirs at death: Year Exempt from Tax GST Tax Rate 2014 $5,340,000 per person...
View this table

2014 Annual Gift Tax Exclusion

You may give the following amount to an individual, free of gift tax: Year Annual Exclusion 2014 $14,000
View this table

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...
View this table

2014 Federal Tax Brackets

Marginal Tax Rate


Married Filing Jointly or Qualifying Widow(er)

Married Filing Separately


$406,751 and more

$457,601 and more

$228,801 and more


$405,101 - $406,750

$405,101 - $457,600

$202,551 - $228,800

View this table

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...
View this table

2014 Traditional IRA Deductions

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