2017 Tax Rates

2017 Tax Rates Schedule X - Single

If taxable income is over

But not over

The tax is

$0

$9,325

10% of the taxable amount

$9,325

$37,950

$932.50 plus 15% of the excess over $9,325

$37,950

$91,900

$5,226.25 plus 25% of the excess over $37,950

$91,900

$191,650

$18,713.75 plus 28% of the excess over $91,900

$191,650

$416,700

$46,643.75 plus 33% of the excess over $191,650

$416,700

$418,400

$120,910.25 plus 35% of the excess over $416,700

Over $418,400

no limit

$121,505.25 plus 39.6% of the excess over $418,400

2017 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is

$0

$18,650

10% of the taxable amount

$18,650

$75,900

$1,865 plus 15% of the excess over $18,650

$75,900

$153,100

$10,452.50 plus 25% of the excess over $75,900

$153,100

$233,350

$29,752.50 plus 28% of the excess over $153,100

$233,350

$416,700

$52,222.50 plus 33% of the excess over $233,350

$416,700

$470,700

$112,728 plus 35% of the excess over $416,700

$470,700

no limit

$131,628 plus 39.6% of the excess over $470,700

2017 Tax Rates Schedule Y-2 - Married Filing Separately

If taxable income is over

But not over

The tax is

$0

$9,325

10% of the taxable amount

$9,325

$37,950

$932.50 plus 15% of the excess over $9,325

$37,950

$76,550

$5,226.25 plus 25% of the excess over $37,950

$76,550

$116,675

$14,876.25 plus 28% of the excess over $76,550

$116,675

$208,350

$26,111.25 plus 33% of the excess over $116,675

$208,350

$235,350

$56,364 plus 35% of the excess over $208,350

Over $235,350

no limit

$65,814 plus 39.6% of the excess over $235,350

2017 Tax Rates Schedule Z - Head of Household

If taxable income is over

But not over

The tax is

$0

$13,350

10% of the taxable amount

$13,350

$50,800

$1,335 plus 15% of the excess over $13,350

$50,800

$131,200

$6,952.50 plus 25% of the excess over $50,800

$131,200

$212,500

$27,052.50 plus 28% of the excess over $131,200

$212,500

$416,700

$49,816.50 plus 33% of the excess over $212,500

$416,700

$444,550

$117,202.50 plus 35% of the excess over $416,700

$444,550

no limit

$126,950 plus 39.6% of the excess over $444,550

2017 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is

$0

$2,550

15% of the taxable income

$2,550

$6,000

$382.50 plus 25% of the excess over $2,550

$6,000

$9,150

$1,245 plus 28% of the excess over $6,000

$9,150

$12,500

$2,127 plus 33% of the excess over $9,150

$12,500

no limit

$3,232.50 plus 39.6% of the excess over $12,500

Social Security 2017 Tax Rates

Base Salary

$127,200

Social Security Tax Rate

6.2%

Maximum Social Security Tax

$7,886.40

Medicare Base Salary

unlimited

Medicare Tax Rate

1.45%

Additional Medicare 2017 Tax Rates

Additional Medicare Tax

0.9%

Filing status

Compensation over

Married filing jointly

$250,000

Married filing separate

$125,000

Single

$200,000

Head of household (with qualifying person)

$200,000

Qualifying widow(er) with dependent child

$200,000

Education 2017 Credit and Deduction Limits

American Opportunity Tax Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Miscellaneous 2017 Tax Rates

Personal Exemption (Adjusted Gross Income below $156,900)

$4,050

Business Equipment Expense Deduction

$500,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2016 tax liability

Standard mileage rate for business driving

53.5 cents

Standard mileage rate for medical/moving driving

17 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$1,000 per qualifying child

Unearned income maximum for children before kiddie tax applies

$1,050

Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket

0%

Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket

15%

Maximum capital gains tax rate for taxpayers in the 39.6% bracket

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles and qualified small business stock

28%

Maximum contribution for Traditional/Roth IRA

$5,500 if under age 50
$6,500 if 50 or older

Maximum employee contribution to SIMPLE IRA

$12,500 if under age 50
$15,500 if 50 or older

Maximum Contribution to SEP IRA

25% of compensation up to $54,000

401(k) maximum employee contribution limit

$18,000 if under age 50
$24,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$5,490,000

Annual Exclusion for Gifts

$14,000

Foreign Earned Income Exclusion

$102,100

2016 Tax Rates

2016 Tax Rates Schedule X - Single

If taxable income is over

But not over

The tax is

$0

$9,275

10% of the taxable amount

$9,275

$37,650

$927.50 plus 15% of the excess over $9,275

$37,650

$91,150

$5,183.75 plus 25% of the excess over $37,650

$91,150

$190,150

$18,558.75 plus 28% of the excess over $91,150

$190,150

$413,350

$46,278.75 plus 33% of the excess over $190,150

$413,350

$415,050

$119,934.75 plus 35% of the excess over $413,350

Over $415,050

no limit

$120,529.75 plus 39.6% of the excess over $415,050

2016 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is

$0

$18,550

10% of the taxable amount

$18,550

$75,300

$1,855 plus 15% of the excess over $18,550

$75,300

$151,900

$10,367.50 plus 25% of the excess over $75,300

$151,900

$231,450

$29,517.50 plus 28% of the excess over $151,900

$231,450

$413,350

$51,791.50 plus 33% of the excess over $231,450

$413,350

$466,950

$111,818.50 plus 35% of the excess over $413,350

$466,950

no limit

$130,578.50 plus 39.6% of the excess over $466,950

2016 Tax Rates Schedule Y-2 - Married Filing Separately

If taxable income is over

But not over

The tax is

$0

$9,275

10% of the taxable amount

$9,275

$37,650

$927.50 plus 15% of the excess over $9,275

$37,650

$75,950

$5,183.75 plus 25% of the excess over $37,650

$75,950

$115,725

$14,758.75 plus 28% of the excess over $75,950

$115,725

$206,675

$25,895.75 plus 33% of the excess over $115,725

$206,675

$233,475

$55,909.25 plus 35% of the excess over $206,675

Over $233,475

no limit

$65,289.25 plus 39.6% of the excess over $233,475

2016 Tax Rates Schedule Z - Head of Household

If taxable income is over

But not over

The tax is

$0

$13,250

10% of the taxable amount

$13,250

$50,400

$1,325 plus 15% of the excess over $13,250

$50,400

$130,150

$6,897.50 plus 25% of the excess over $50,400

$130,150

$210,800

$26,835 plus 28% of the excess over $130,150

$210,800

$413,350

$49,417 plus 33% of the excess over $210,800

$413,350

$441,000

$116,258.50 plus 35% of the excess over $413,350

$441,000

no limit

$125,936 plus 39.6% of the excess over $441,000

2016 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is

$0

$2,550

15% of the taxable income

$2,550

$5,950

$382.50 plus 25% of the excess over $2,550

$5,950

$9,050

$1,232.50 plus 28% of the excess over $5,950

$9,050

$12,400

$2,100.50 plus 33% of the excess over $9,050

$12,400

no limit

$3,206 plus 39.6% of the excess over $12,400

Social Security 2016 Tax Rates

Base Salary

$118,500

Social Security Tax Rate

6.2%

Maximum Social Security Tax

$7,347.00

Medicare Base Salary

unlimited

Medicare Tax Rate

1.45%

Additional Medicare 2016 Tax Rates

Additional Medicare Tax

0.9%

Filing status

Compensation over

Married filing jointly

$250,000

Married filing separate

$125,000

Single

$200,000

Head of household (with qualifying person)

$200,000

Qualifying widow(er) with dependent child

$200,000

Education 2016 Credit and Deduction Limits

American Opportunity Tax Credit

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Miscellaneous 2016 Tax Rates

Personal Exemption (Adjusted Gross Income below $155,650)

$4,050

Business Equipment Expense Deduction

$500,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2015 tax liability

Standard mileage rate for business driving

54 cents

Standard mileage rate for medical/moving driving

19 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$1,000 per qualifying child

Unearned income maximum for children before kiddie tax applies

$1,050

Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket

0%

Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket

15%

Maximum capital gains tax rate for taxpayers in the 39.6% bracket

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles and qualified small business stock

28%

Maximum contribution for Traditional/Roth IRA

$5,500 if under age 50
$6,500 if 50 or older

Maximum employee contribution to SIMPLE IRA

$12,500 if under age 50
$15,500 if 50 or older

Maximum Contribution to SEP IRA

25% of compensation up to $53,000

401(k) maximum employee contribution limit

$18,000 if under age 50
$24,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$5,450,000

Annual Exclusion for Gifts

$14,000

Foreign Earned Income Exclusion

$101,300

2015 Tax Rates

2015 Tax Rates Schedule X - Single

If taxable income is over

But not over

The tax is

$0

$9,225

10% of the taxable amount

$9,225

$37,450

$922.50 plus 15% of the excess over $9,225

$37,450

$90,750

$5,156.25 plus 25% of the excess over $37,450

$90,750

$189,300

$18,481.25 plus 28% of the excess over $90,750

$189,300

$411,500

$46,075.25 plus 33% of the excess over $189,300

$411,500

$413,200

$119,401.25 plus 35% of the excess over $411,500

Over $413,200

no limit

$119,996.25 plus 39.6% of the excess over $413,200

2015 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is

$0

$18,450

10% of the taxable amount

$18,450

$74,900

$1,845 plus 15% of the excess over $18,450

$74,900

$151,200

$10,312.50 plus 25% of the excess over $74,900

$151,200

$230,450

$29,387.50 plus 28% of the excess over $151,200

$230,450

$411,500

$51,577.50 plus 33% of the excess over $230,450

$411,500

$464,850

$111,324 plus 35% of the excess over $411,500

$464,850

no limit

$129,996.50 plus 39.6% of the excess over $464,850

2015 Tax Rates Schedule Y-2 - Married Filing Separately

If taxable income is over

But not over

The tax is

$0

$9,225

10% of the taxable amount

$9,225

$37,450

$922.50 plus 15% of the excess over $9,225

$37,450

$75,600

$5,156.25 plus 25% of the excess over $37,450

$75,600

$115,225

$14,693.75 plus 28% of the excess over $75,600

$115,225

$205,750

$25,788.75 plus 33% of the excess over $115,225

$205,750

$232,425

$55,662 plus 35% of the excess over $205,750

Over $232,425

no limit

$64,998.25 plus 39.6% of the excess over $232,425

2015 Tax Rates Schedule Z - Head of Household

If taxable income is over

But not over

The tax is

$0

$13,150

10% of the taxable amount

$13,150

$50,200

$1,315 plus 15% of the excess over $13,150

$50,200

$129,600

$6,872.50 plus 25% of the excess over $50,200

$129,600

$209,850

$26,722.50 plus 28% of the excess over $129,600

$209,850

$411,500

$49,192.50 plus 33% of the excess over $209,850

$411,500

$439,000

$115,737 plus 35% of the excess over $411,500

$439,000

no limit

$125,362 plus 39.6% of the excess over $439,000

2015 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is

$0

$2,500

15% of the taxable income

$2,500

$5,900

$375 plus 25% of the excess over $2,500

$5,900

$9,050

$1,225 plus 28% of the excess over $5,900

$9,050

$12,300

$2,107 plus 33% of the excess over $9,050

$12,300

no limit

$3,179.50 plus 39.6% of the excess over $12,300

Social Security 2015 Tax Rates

Base Salary

$118,500

Social Security Tax Rate

6.2%

Maximum Social Security Tax

$7,347.00

Medicare Base Salary

unlimited

Medicare Tax Rate

1.45%

Additional Medicare 2015 Tax Rates

Additional Medicare Tax

0.9%

Filing status

Compensation over

Married filing jointly

$250,000

Married filing separate

$125,000

Single

$200,000

Head of household (with qualifying person)

$200,000

Qualifying widow(er) with dependent child

$200,000

Education 2015 Credit and Deduction Limits

American Opportunity Tax Credit

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Miscellaneous 2015 Tax Rates

Personal Exemption (Adjusted Gross Income below $154,950)

$4,000

Business Equipment Expense Deduction

$500,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2014 tax liability

Standard mileage rate for business driving

57.5 cents

Standard mileage rate for medical/moving driving

23.0 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$1,000 per qualifying child

Unearned income maximum for children before kiddie tax applies

$1,050

Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket

0%

Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket

15%

Maximum capital gains tax rate for taxpayers in the 39.6% bracket

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles and qualified small business stock

28%

Maximum contribution for Traditional/Roth IRA

$5,500 if under age 50
$6,500 if 50 or older

Maximum employee contribution to SIMPLE IRA

$12,500 if under age 50
$15,500 if 50 or older

Maximum Contribution to SEP IRA

25% of compensation up to $53,000

401(k) maximum employee contribution limit

$18,000 if under age 50
$24,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$5,430,000

Annual Exclusion for Gifts

$14,000

2014 Tax Rates

2014 Tax Rates Schedule X - Single

If taxable income is over

But not over

The tax is

$0

$9,075

10% of the taxable amount

$9,075

$36,900

$907.50 plus 15% of the excess over $9,075

$36,900

$89,350

$5,081.25 plus 25% of the excess over $36,900

$89,350

$186,350

$18,193.75 plus 28% of the excess over $89,350

$186,350

$405,100

$45,353.75 plus 33% of the excess over $186,350

$405,100

$406,750

$117,541.25 plus 35% of the excess over $405,100

Over $406,750

no limit

$118,118.75 plus 39.6% of the excess over $406,750

2014 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is

$0

$18,150

10% of the taxable amount

$18,150

$73,800

$1,815 plus 15% of the excess over $18,150

$73,800

$148,850

$10,162.50 plus 25% of the excess over $73,800

$148,850

$226,850

$28,925 plus 28% of the excess over $148,850

$226,850

$405,100

$50,765 plus 33% of the excess over $226,850

$405,100

$457,600

$109,587.50 plus 35% of the excess over $405,100

$457,600

no limit

$127,962.50 plus 39.6% of the excess over $457,600

2014 Tax Rates Schedule Y-2 - Married Filing Separately

If taxable income is over

But not over

The tax is

$0

$9,075

10% of the taxable amount

$9,075

$36,900

$907.50 plus 15% of the excess over $9,075

$36,900

$74,425

$5,081.25 plus 25% of the excess over $36,900

$74,425

$113,425

$14,462.50 plus 28% of the excess over $74,425

$113,425

$202,550

$25,382.50 plus 33% of the excess over $113,425

$202,550

$228,800

$54,793.75 plus 35% of the excess over $202,550

Over $228,800

no limit

$63,981.25 plus 39.6% of the excess over $228,800

2014 Tax Rates Schedule Z - Head of Household

If taxable income is over

But not over

The tax is

$0

$12,950

10% of the taxable amount

$12,950

$49,400

$1,295 plus 15% of the excess over $12,950

$49,400

$127,550

$6,762.50 plus 25% of the excess over $49,400

$127,550

$206,600

$26,300 plus 28% of the excess over $127,550

$206,600

$405,100

$48,434 plus 33% of the excess over $206,600

$405,100

$432,200

$113,939 plus 35% of the excess over $405,100

$432,200

no limit

$123,424 plus 39.6% of the excess over $432,200

2014 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is

$0

$2,500

15% of the taxable income

$2,500

$5,800

$375 plus 25% of the excess over $2,500

$5,800

$8,900

$1,200 plus 28% of the excess over $5,800

$8,900

$12,150

$2,068 plus 33% of the excess over $8,900

$12,150

no limit

$3,140.50 plus 39.6% of the excess over $12,150

Social Security 2014 Tax Rates

Base Salary

$117,000

Social Security Tax Rate

6.2%

Maximum Social Security Tax

$7,254.00

Medicare Base Salary

unlimited

Medicare Tax Rate

1.45%

Additional Medicare 2014 Tax Rates

Additional Medicare Tax

0.9%

Filing status

Compensation over

Married filing jointly

$250,000

Married filing separate

$125,000

Single

$200,000

Head of household (with qualifying person)

$200,000

Qualifying widow(er) with dependent child

$200,000

Education 2014 Credit and Deduction Limits

American Opportunity Tax Credit

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Miscellaneous 2014 Tax Rates

Personal Exemption

$3,950

Business Equipment Expense Deduction

$500,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2013 tax liability

Standard mileage rate for business driving

56 cents

Standard mileage rate for medical/moving driving

23.5 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$1,000 per qualifying child

Unearned income maximum for children before kiddie tax applies

$1,000

Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket

0%

Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket

15%

Maximum capital gains tax rate for taxpayers in the 39.6% bracket

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles

28%

Maximum contribution for Traditional/Roth IRA

$5,500 if under age 50
$6,500 if 50 or older

Maximum employee contribution to SIMPLE IRA

$12,000 if under age 50
$14,500 if 50 or older

Maximum Contribution to SEP IRA

25% of compensation up to $52,000

401(k) maximum employee contribution limit

$17,500 if under age 50
$23,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$5,340,000

Annual Exclusion for Gifts

$14,000

2015 Tax Rates Schedule X – Single

If taxable income is over

But not over

The tax is

$0$9,22510% of the taxable amount
$9,225$37,450$922.50 plus 15% of the excess over $9,225
$37,450$90,750$5,156.25 plus 25% of the excess over $37,450
$90,750$189,300$18,481.25 plus 28% of the excess over $90,750
$189,300$411,500$46,075.25 plus 33% of the excess over $189,300
$411,500$413,200$119,401.25 plus 35% of the excess over $411,500
Over $413,200no limit$119,996.25 plus 39.6% of the excess over $413,200

2015 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is

$0$18,45010% of the taxable amount
$18,450$74,900$1,845 plus 15% of the excess over $18,450
$74,900$151,200$10,312.50 plus 25% of the excess over $74,900
$151,200$230,450$29,387.50 plus 28% of the excess over $151,200
$230,450$411,500$51,577.50 plus 33% of the excess over $230,450
$411,500$464,850$111,324 plus 35% of the excess over $411,500
$464,850no limit$129,996.50 plus 39.6% of the excess over $464,850

2015 Tax Rates Schedule Y-2 – Married Filing Separately

If taxable income is over

But not over

The tax is

$0$9,22510% of the taxable amount
$9,225$37,450$922.50 plus 15% of the excess over $9,225
$37,450$75,600$5,156.25 plus 25% of the excess over $37,450
$75,600$115,225$14,693.75 plus 28% of the excess over $75,600
$115,225$205,750$25,788.75 plus 33% of the excess over $115,225
$205,750$232,425$55,662 plus 35% of the excess over $205,750
Over $232,425no limit$64,998.25 plus 39.6% of the excess over $232,425

2015 Tax Rates Schedule Z – Head of Household

If taxable income is over

But not over

The tax is

$0$13,15010% of the taxable amount
$13,150$50,200$1,315 plus 15% of the excess over $13,150
$50,200$129,600$6,872.50 plus 25% of the excess over $50,200
$129,600$209,850$26,722.50 plus 28% of the excess over $129,600
$209,850$411,500$49,192.50 plus 33% of the excess over $209,850
$411,500$439,000$115,737 plus 35% of the excess over $411,500
$439,000no limit$125,362 plus 39.6% of the excess over $439,000

2015 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is

$0$2,50015% of the taxable income
$2,500$5,900$375 plus 25% of the excess over $2,500
$5,900$9,050$1,225 plus 28% of the excess over $5,900
$9,050$12,300$2,107 plus 33% of the excess over $9,050
$12,300no limit$3,179.50 plus 39.6% of the excess over $12,300

Social Security 2015 Tax Rates

Base Salary$118,500
Social Security Tax Rate6.2%
Maximum Social Security Tax$7,347.00
Medicare Base Salaryunlimited
Medicare Tax Rate1.45%

Additional Medicare 2015 Tax Rates

Additional Medicare Tax0.9%
Filing statusCompensation over
Married filing jointly$250,000
Married filing separate$125,000
Single$200,000
Head of household (with qualifying person)$200,000
Qualifying widow(er) with dependent child$200,000

Education 2015 Credit and Deduction Limits

American Opportunity Tax Credit$2,500
Lifetime Learning Credit$2,000
Student Loan Interest Deduction$2,500
Coverdell Education Savings Contribution$2,000

Miscellaneous 2015 Tax Rates

Personal Exemption (Adjusted Gross Income below $154,950)$4,000
Business Equipment Expense Deduction$500,000
Prior-year safe harbor for estimated taxes of higher-income110% of your 2014 tax liability
Standard mileage rate for business driving57.5 cents
Standard mileage rate for medical/moving driving23.0 cents
Standard mileage rate for charitable driving14 cents
Child Tax Credit$1,000 per qualifying child
Unearned income maximum for children before kiddie tax applies$1,050
Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket0%
Maximum capital gains tax rate for taxpayers in the 25%, 28%, 33%, or 35% bracket15%
Maximum capital gains tax rate for taxpayers in the 39.6% bracket20%
Capital gains tax rate for unrecaptured Sec. 1250 gains25%
Capital gains tax rate on collectibles and qualified small business stock28%
Maximum contribution for Traditional/Roth IRA$5,500 if under age 50
$6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA$12,500 if under age 50
$15,500 if 50 or older
Maximum Contribution to SEP IRA25% of compensation up to $53,000
401(k) maximum employee contribution limit$18,000 if under age 50
$24,000 if 50 or older
Self-employed health insurance deduction100%
Estate tax exemption$5,430,000
Annual Exclusion for Gifts$14,000