IRA and Tax Tables 2024

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.
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Annual Gift Tax Exclusion

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

YearAnnual Exclusion
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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.
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Generation-Skipping Transfer (GST) Tax

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

YearExempt from TaxGST Tax Rate

$13,610,000 per person (no portability)

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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

$13,610,000 per person with portability

Top rate of 40%
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Federal Tax Brackets

Taxable Income Brackets for 2024

Marginal Tax Rate

Married Filing Joint



$0 – $23,200

$0 – $11,600


$23,201 – $94,300

$11,601 – $47,150


$94,301 –$201,050

$47,151 – $100,525


$201,051 – $383,900

$100,526 – $191,950


$383,901 – $487,450

$191,951 – $243,725


$487,451 – $731,200

$243,726 – $609,350


Over $731,200

Over $609,350

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SEP IRA Contribution Levels

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

Year Maximum Contribution
2024 The SEP limit for 2024 is 25% of up to $345,000 of compensation, limited to a maximum annual contribution of $69,000.
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Roth IRA Conversion Eligibility

2024Anyone Can
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