Resources

TY 2018 Retirement Plan Contribution Limits

Plan	Contribution Limits	Catch-up Contribution (if 50 or older)
Traditional IRA	$5,500	$1,000
Roth IRA	$5,500	$1,000
SIMPLE	$12,500	$3,000
401(k), 403(b), and 457 plans	$18,500	$6,000

TY 2018 Social Security & Medicare Tax

	Maximum Compensation subject to FICA
Social Security	$128,400
Medicare Tax	No Limit
Medicare Additional Tax	over $200,000

TY 2018 Income Tax Brackets

Single	Married Filing Jointly	Married Filing Separately	Head of Household	Marginal Tax Rate
$0 to $9,525	$0 to $19,050	$0 to $9,525	$0 to $13,600	10.0%
$9,526 to $38,700	$19,051 to $77,400	$9,526 to $38,700	$13,601 to $51,800	12.0%
$38,701 to $82,500	$77,401 to $165,000	$38,701 to $82,500	$51,801 to $82,500	22.0%
$82,501 to $157,500	$165,001 to $315,000	$82,501 to $157,500	$82,501 to $157,500	24.0%
$157,501 to $200,000	$315,001 to $400,000	$157,501 to $200,000	$157,501 to $200,000	32.0%
$200,001 to $500,000	$400,001 to $600,000	$200,001 - $300,000	$200,001 to $500,000	35.0%
$500,001 or more	$600,001 or more	$300,001 or more	$500,001 or more	37.0%

TY 2018 Deductions & Exemptions

	Single	Married Filing Jointly	Married Filing Separately
Standard Deduction	$6,350	$12,700	$6,350
Additional Deduction for 65 and Older or Blind	$1,550	$1,250	$1,250

TY 2018 Mileage Rates

Purpose	Cents per mile
Business	54.5 ¢
Medical	18 ¢
Charitable	14 ¢
Moving	18 ¢

TY 2018 Capital Gains and Qualified Dividends

Filing Status	Short Term	Long Term/Qualified Dividends
		0%	15%	20%
Single	ordinary rate	$0 - $38,600	$38,601 - $425,800	Over $425,800
Married Filing Jointly	ordinary rate	$0 - $77,200	$77,201 - $479,000	Over $479,000
Married Filing Separately	ordinary rate	$0 - $38,600	$38,601 - $239,500	Over $239,500
Head of Household	ordinary rate	$0 - $51,700	$51,701 - $452,400	Over $452,400

Last updated 11/16/18