Even though the official numbers have not yet been published by the IRS, we’ve projected many of the key tax figures for 2018. Although significant tax reforms are being discussed by lawmakers, these numbers assume no change in the current tax laws on which the numbers are based.

Exemptions
2017 Projected for 2018
Personal and dependency $4,050 $4,150
Phaseout threshold (applies to itemized deductions as well)
Married filing jointly $313,800 $320,000
Head of household $287,650 $293,350
Single $261,500 $266,700
Married filing separately $156,900 $160,000
Standard deduction
2017 Projected for 2018
Married filing jointly $12,700 $13,000
Head of household $9,350 $9,550
Single $6,350 $6,500
Married filing separately $6,350 $6,500
Standard deduction for dependent Greater of $1,050 or $350 + earned income Greater of $1,050 or $350 + earned income
Additional standard deduction for blind or aged (65 or older)
Single/ Head of household $1,550 $1,600
All others $1,250 $1,300
Top income tax bracket (39.6%, 20% for long-term capital gains and qualified dividends)
2017 Projected for 2018
Married filing jointly $470,700 $480,050
Head of household $444,550 $453,350
Single $418,400 $426,700
Married filing separately $235,350 $240,025
Alternative minimum tax (AMT)
2017 Projected for 2018
Maximum AMT exemption amount
Married filing jointly $84,500 $86,200
Single/ Head of household $54,300 $55,400
Married filing separately $42,250 $43,100
Exemption phaseout threshold
Married filing jointly $160,900 $164,100
Single/ Head of household $120,700 $123,100
Married filing separately $80,450 $82,050
26% on AMTI* up to amount, 28% on AMTI above amount
Married filing separately $93,900 $95,750
All others $187,800 $191,500

*Alternative minimum taxable income

Kiddie tax: child’s unearned income
2017 Projected for 2018
Above this amount taxed at parent’s tax rate $2,100 $2,100
IRAs
2017 Projected for 2018
Contribution limits
Traditional and Roth IRAs (combined) $5,500 ($6,500 if age 50 or older) $5,500 ($6,500 if age 50 or older)
Roth IRA income phaseout range (contributions)
Single/ Head of household $118,000 – $133,000 $120,000 – $135,000
Married filing jointly $186,000 – $196,000 $189,000 – $199,000
Married filing separately $0 – $10,000 $0 – $10,000
Traditional IRA income phaseout range (deductibility)
1. Covered by an employer-sponsored plan and filing as:
Single/ Head of household $62,000 – $72,000 $63,000 – $73,000
Married filing jointly $99,000 – $119,000 $101,000 – $121,000
Married filing separately $0 – $10,000 $0 – $10,000
2. Not covered by plan but filing joint return with covered spouse $186,000 – $196,000 $189,000 – $199,000
Estate planning
2017 Projected for 2018
Top gift, estate, and generation-skipping transfer (GST) tax rate 40% 40%
Annual gift tax exclusion $14,000 $15,000
Noncitizen spouse annual gift tax exclusion $149,000 $152,000
Gift tax and estate tax applicable exclusion amount $5,490,0001 + DSUEA2 $5,600,0001 + DSUEA2
GST tax exemption $5,490,000 $5,600,000

1Basic exclusion amount

2Deceased spousal unused exclusion amount

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