O'Reilly logo

J.K. Lasser's Your Income Tax 2014: For Preparing Your 2013 Tax Return by J. K. Lasser

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

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 ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required