Key Tax Numbers for 2013

Exemptions
Each allowable exemption (21.1) $ 3,900
Phaseout starts/ends (21.12)
  Joint return/Qualifying widow/widower $300,00/$422,500
  Head of Household $275,000/$397,500
  Single $250,000/$372,500
  Married filing separately $150,000/$211,250
Standard Deduction (13.1)
Joint return/Qualifying widow/widower $ 12,200
Head of Household $ 8,950
Single $ 6,100
Married filing separately $ 6,100
Dependents-minimum deduction (13.5) $ 1,000
Additional deduction if age 65 or older, or blind (13.4)
  Married-per spouse, filing jointly or separately $ 1,200 ($2,400 for age and blindness)
  Qualifying widow/widower $ 1,200 ($2,400 for age and blindness)
  Single or head of household $ 1,500 ($3,000 for age and blindness)
Long-term Care Premiums (17.15)
Limit on premium allowed as medical expense
  Age 40 or under $ 360
  Over 40 but not over 50 $ 680
  Over 50 but not over 60 $ 1,360
  Over 60 but not over 70 $ 3,640
  Over 70 $ 4,550
IRA Contributions
Traditional IRA contribution limit (8.2) $ 5,500
  Additional contribution if age 50 or older but under 70½ $ 1,000
  Deduction phaseout for active plan participant (8.4)
    Single or head of household $ 59,000 − $ 69,000
    Married filing jointly, two participants $ 95,000 − $ 115,000
    Married filing jointly, one participant
      Participant spouse $ 95,000 − $ 115,000
      Non-participant spouse $ 178,000 − $ 188,000
    Married filing ...

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