| Business expensing limit: Cap on equipment purchases |
$2,890,000 |
| Business expensing limit: New and Used Equipment and Software |
$1,160,000 |
| Qualified Business Income threshold amount |
$182,100 (single and head of household); $364,200 (married filing joint return) |
| Qualified Small Employer Health Reimbursement Arrangement limit |
$5,850 (single coverage); $11,800 (family coverage) |
| Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2022 tax liability |
| Standard mileage rate for business driving |
$0.655 |
| Child Tax Credit |
$2,000 |
| Unearned income maximum for children under 19 before kiddie tax applies |
$1,250 |
| Maximum capital gains tax rate for taxpayers with income up to $44,625 for single filers, $89,250 for married filing jointly |
0% |
| Maximum capital gains tax rate for taxpayers with income $44,625 to $492,300 for single filers, $89,250 to $553,850 for married filing jointly |
15% |
| Maximum capital gains tax rate for taxpayers with income above $492,300 for single filers, $553,850 for married filing jointly |
20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
| Capital gains tax rate on collectibles |
28% |
| Maximum contribution for Traditional/Roth IRA |
$6,500 if under age 50
$7,500 if 50 or older
|
| Maximum employee contribution to SIMPLE IRA |
$15,500 if under age 50
$19,000 if 50 or older
|
| Maximum Contribution to SEP IRA |
25% of eligible compensation
up to $66,000
|
| 401(k) maximum employee contribution limit |
$22,500 if under age 50
$30,000 if 50 or older
|
| Estate tax exemption |
$12,920,000 |
| Annual Exclusion for Gifts |
$17,000 |
