IRA and Tax Tables 2019

2019 Single Life Table for Inherited IRAs

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.

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2019 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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2019 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.
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2019 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 the IRA's value at the end of the prior year by the distribution period listed next to the age in the respective IRS table below.

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2019 Annual Gift Tax Exclusion

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

YearAnnual Exclusion
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2019 Generation-Skipping Transfer (GST) Tax

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

YearExempt from TaxGST Tax Rate

$11,400,000 per person (no portability)

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2019 Federal Estate Tax Levels

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

YearExempt from TaxEstate-Tax Rate

$11,400,000 per person with portability

Top rate of 40%
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2019 Federal Tax Brackets

Marginal Tax Rate Single Married Filing Jointly or Qualifying Widow(er) Married Filing Separately 10% $0 – $9,700 $0 – $19,400...
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2019 SEP IRA Contribution Levels

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

Year Status Maximum Contribution
2019 W-2 Income Up to 25% of compensation, but no more than $56,000.
2019 Self Employed Generally up to 20%, but no more than $56,000.
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2019 Roth IRA Conversion Eligibility

2019Anyone Can
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