2017 Tax InformationPosted on September 20th, 2016
Standard Deduction: $6,350 single, $12,700 married filing joint, $9,350 head of household.
Personal Exemptions: $4,050.
Gift Tax exemption: $14,000 a person.
Estate Tax Exemption: $5,490,000 (federal only).
IRA contribution limit: $5,500 and $6,500 (age 50 and over).
Keep in mind there are certain phase out limits for the Standard Deduction and Personal Exemptions. Please call our office at (954) 7965-4050 for additional information.