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.
IRA Minimum Distribution Tables
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:
Single Life Expectancy Table
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 tableAnnual Gift Tax Exclusion
You may give the following amount to an individual, free of gift tax:
| Year | Annual Exclusion |
|---|
| 2025 | $19,000 |
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.
View this tableGeneration-Skipping Transfer (GST) Tax
Tax on assets transferred to non-spouse heirs at death:
| Year | Exempt from Tax | GST Tax Rate |
|---|
| 2025 | $13,990,000 per person (no portability) | 40% |
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 | Exempt from Tax | Estate-Tax Rate |
|---|
| 2025 | $13,990,000 per person with portability | Top rate of 40% |
Federal Tax Brackets
Taxable Income Brackets for 2025
Marginal Tax Rate |
Married Filing Joint |
Single |
10% | $0 – $23,850 | $0 – $11,925 |
12% | $23,851 – $96,950 | $11,926 – $48,475 |
22% | $96,951 –$206,700 | $48,476 – $103,351 |
24% | $206,701 – $394,600 | $103,350 – $197,300 |
32% | $394,601 – $501,050 | $197,301 – $250,525 |
35% | $501,051 – $751,600 | $250,526 – $626,350 |
37%* | Over $751,600 | Over $626,350 |
SEP IRA Contribution Levels
Here's what can be contributed to a SEP IRA:
| Year | Maximum Contribution |
|---|
| 2025 | The SEP limit for 2025 is 25% of up to $350,000 of compensation, limited to a maximum annual contribution of $70,000. |
