{"id":10669,"date":"2022-02-09T06:31:43","date_gmt":"2022-02-09T06:31:43","guid":{"rendered":"https:\/\/ferofinancial.com\/?p=10669"},"modified":"2023-02-23T17:33:19","modified_gmt":"2023-02-23T17:33:19","slug":"2022-important-numbers","status":"publish","type":"post","link":"https:\/\/advisors1.bradcable.com\/ferofinancial\/2022-important-numbers\/","title":{"rendered":"2022 Important Numbers"},"content":{"rendered":"<p>table.edTable { width: 100%; font-size: 17px; } table, table.edTable th, table.edTable td { border: solid 1px #978981; border-collapse: collapse; padding: 3px; text-align: center; } table.edTable td { background-color: #7da8ae; color: #ffffff; font-size: 14px; } table.edTable th { background-color : #bcaea5; color: #ffffff; } tr:hover td { background-color: #978980; color: #dddddd; }<\/p>\n<table id=\"eDnaTab\" class=\"edTable\">\n<tbody>\n<tr>\n<th colspan=\"3\">FEDERAL INCOME TAX<\/th>\n<\/tr>\n<tr>\n<th>TAX RATE<\/th>\n<th>MFJ<\/th>\n<th>SINGLE<\/th>\n<\/tr>\n<tr>\n<td>10%<\/td>\n<td>$0 &#8211; $20,550<\/td>\n<td>$0 &#8211; $10,275<\/td>\n<\/tr>\n<tr>\n<td>12%<\/td>\n<td>$20,550 &#8211; $83,550<\/td>\n<td>$10,275 &#8211; $41,775<\/td>\n<\/tr>\n<tr>\n<td>22%<\/td>\n<td>$83,550 &#8211; $178,150<\/td>\n<td>$41,775 &#8211; $89,075<\/td>\n<\/tr>\n<tr>\n<td>24%<\/td>\n<td>$178,150 &#8211; $340,100<\/td>\n<td>$89,075 &#8211; $170,050<\/td>\n<\/tr>\n<tr>\n<td>32%<\/td>\n<td>$340,100 &#8211; $431,900<\/td>\n<td>$170,050 &#8211; $215,950<\/td>\n<\/tr>\n<tr>\n<td>35%<\/td>\n<td>$431,900 &#8211; $647,850<\/td>\n<td>$215,950 &#8211; $539,900<\/td>\n<\/tr>\n<tr>\n<td>37%<\/td>\n<td>Over $647,850<\/td>\n<td>Over $539,900<\/td>\n<\/tr>\n<tr>\n<th colspan=\"3\">ESTATES &amp; TRUSTS<\/th>\n<\/tr>\n<tr>\n<td>10%<\/td>\n<td>$0 &#8211; $2,750<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>24%<\/td>\n<td>$2,750 &#8211; $9,850<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>35%<\/td>\n<td>$9,850 &#8211; $13,450<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>37%<\/td>\n<td>Over $13,450<\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"3\">ALTERNATIVE MINIMUM TAX<\/th>\n<\/tr>\n<tr>\n<th><\/th>\n<th>MFJ<\/th>\n<th>SINGLE<\/th>\n<\/tr>\n<tr>\n<td>EXEMPTION AMOUNT<\/td>\n<td>$118,100<\/td>\n<td>$75,900<\/td>\n<\/tr>\n<tr>\n<td>28% TAX RATE APPLIES TO INCOME OVER<\/td>\n<td>$206,100<\/td>\n<td>$206,100<\/td>\n<\/tr>\n<tr>\n<td>EXEMPT PHASEOUT THRESHOLD<\/td>\n<td>$1,079,800<\/td>\n<td>$539,900<\/td>\n<\/tr>\n<tr>\n<td>EXEMPTION ELIMINATION<\/td>\n<td>$1,552,200<\/td>\n<td>$843,500<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"4\">LONG-TERM CAPITAL GAINS TAX<\/th>\n<\/tr>\n<tr>\n<td colspan=\"4\">Rates apply to LTCGs and qualified dividends, and are based on taxable income.<\/td>\n<\/tr>\n<tr>\n<th>FILING STATUS<\/th>\n<th>0% RATE<\/th>\n<th>15% RATE<\/th>\n<th>20% RATE<\/th>\n<\/tr>\n<tr>\n<th>MFJ<\/th>\n<td>&lt; $83,350<\/td>\n<td>$83,350 &#8211; $517,200<\/td>\n<td>&gt; $517,200<\/td>\n<\/tr>\n<tr>\n<th>SINGLE<\/th>\n<td>&lt; $41,675<\/td>\n<td>$41,675 &#8211; $459,750<\/td>\n<td>&gt; $459,750<\/td>\n<\/tr>\n<tr>\n<th>ESTATES\/TRUSTS<\/th>\n<td>&lt; $2,800<\/td>\n<td>$2,800 &#8211; $13,700<\/td>\n<td>&gt; $13,700<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"4\">3.8% NET INVESTMENT INCOME TAX<\/th>\n<\/tr>\n<tr>\n<td colspan=\"4\">Paid on the lesser of net investment income or excess of MAGI over:<\/td>\n<\/tr>\n<tr>\n<th>MFJ<\/th>\n<td>$250,000<\/td>\n<th>SINGLE<\/th>\n<td>$200,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"4\">STANDARD DEDUCTION<\/th>\n<\/tr>\n<tr>\n<th colspan=\"2\" width=\"50%\">FILING STATUS<\/th>\n<th colspan=\"2\" width=\"50%\">ADDITIONAL (AGE 65\/OLDER OR BLIND)<\/th>\n<\/tr>\n<tr>\n<td>MFJ<\/td>\n<td>$25,900<\/td>\n<td>MARRIED (EACH ELIGIBLE SPOUSE)<\/td>\n<td>$1,400<\/td>\n<\/tr>\n<tr>\n<td>SINGLE<\/td>\n<td>$12,950<\/td>\n<td>UNMARRIED (SINGLE, HOH)<\/td>\n<td>$1,750<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"4\">SOCIAL SECURITY<\/th>\n<\/tr>\n<tr>\n<th>WAGE BASE<\/th>\n<td>$147,000<\/td>\n<th colspan=\"2\">EARNINGS LIMIT:<\/th>\n<\/tr>\n<tr>\n<th>MEDICARE<\/th>\n<td>No Limit<\/td>\n<th>Below FRA<\/th>\n<td>$19,560<\/td>\n<\/tr>\n<tr>\n<th>COLA<\/th>\n<td>5.9%<\/td>\n<th>Reaching FRA<\/th>\n<td>$51,960<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"4\">FULL RETIREMENT AGE<\/th>\n<\/tr>\n<tr>\n<th>BIRTH YEAR<\/th>\n<th>FRA<\/th>\n<th>BIRTH YEAR<\/th>\n<th>FRA<\/th>\n<\/tr>\n<tr>\n<td>1943-54<\/td>\n<td>66<\/td>\n<td>1958<\/td>\n<td>66 + 8mo<\/td>\n<\/tr>\n<tr>\n<td>1955<\/td>\n<td>66 + 2mo<\/td>\n<td>1959<\/td>\n<td>66 + 10mo<\/td>\n<\/tr>\n<tr>\n<td>1956<\/td>\n<td>66 + 4mo<\/td>\n<td>1960+<\/td>\n<td>67<\/td>\n<\/tr>\n<tr>\n<td>1957<\/td>\n<td>66 + 6mo<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\">\n<tbody>\n<tr>\n<th>PROVISIONAL INCOME<\/th>\n<th>MFJ<\/th>\n<th>SINGLE<\/th>\n<\/tr>\n<tr>\n<td>0% TAXABLE<\/td>\n<td>&lt; $32,000<\/td>\n<td>&lt; $25,000<\/td>\n<\/tr>\n<tr>\n<td>50% TAXABLE<\/td>\n<td>$32,000 &#8211; $44,000<\/td>\n<td>$25,000 &#8211; $34,000<\/td>\n<\/tr>\n<tr>\n<td>85% TAXABLE<\/td>\n<td>&gt; $44,000<\/td>\n<td>&gt; $34,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"3\">MEDICARE PREMIUMS &amp; IRMAA SURCHARGE<\/th>\n<\/tr>\n<tr>\n<td>PART B PREMIUM:<\/td>\n<td colspan=\"2\">$170.10<\/td>\n<\/tr>\n<tr>\n<td>PART A PREMIUM:<\/td>\n<td>Less than 30 Credits: $499<\/td>\n<td>30 &#8211; 40 Credits: $274<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\">\n<tbody>\n<tr>\n<th colspan=\"2\" width=\"50%\">MEDICARE PREMIUMS &amp; IRMAA SURCHARGE<\/th>\n<th colspan=\"2\" width=\"50%\">MEDICARE PREMIUMS &amp; IRMAA SURCHARGE<\/th>\n<\/tr>\n<tr>\n<th>MFJ<\/th>\n<th>SINGLE<\/th>\n<th>PART B<\/th>\n<th>PART D<\/th>\n<\/tr>\n<tr>\n<td>$182,000 or less<\/td>\n<td>$91,000 or less<\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>$182,000 &#8211; $228,000<\/td>\n<td>$91,000 &#8211; $114,000<\/td>\n<td>$68.00<\/td>\n<td>$12.40<\/td>\n<\/tr>\n<tr>\n<td>$228,000 &#8211; $284,000<\/td>\n<td>$114,000 &#8211; $142,000<\/td>\n<td>$170.10<\/td>\n<td>$32.10<\/td>\n<\/tr>\n<tr>\n<td>$284,000 &#8211; $340,000<\/td>\n<td>$142,000 &#8211; $170,000<\/td>\n<td>$272.20<\/td>\n<td>$51.70<\/td>\n<\/tr>\n<tr>\n<td>$340,000 &#8211; $750,000<\/td>\n<td>$170,000 &#8211; $500,000<\/td>\n<td>$374.20<\/td>\n<td>$71.30<\/td>\n<\/tr>\n<tr>\n<td>$750,000 or more<\/td>\n<td>$500,000 or more<\/td>\n<td>$408.20<\/td>\n<td>$77.90<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 35px\">\n<tbody>\n<tr>\n<th colspan=\"2\">RETIREMENT PLANS<\/th>\n<\/tr>\n<tr>\n<th colspan=\"2\">ELECTIVE DEFERRALS (401(K), 403(B), 457)<\/th>\n<\/tr>\n<tr>\n<td>Contribution Limit<\/td>\n<td>$20,500<\/td>\n<\/tr>\n<tr>\n<td>Catch Up (Age 50+)<\/td>\n<td>$6,500<\/td>\n<\/tr>\n<tr>\n<td>403(b) Additional Catch Up (15+ Years of Service)<\/td>\n<td>$3,000<\/td>\n<\/tr>\n<tr>\n<th colspan=\"2\">DEFINED CONTRIBUTION PLAN<\/th>\n<\/tr>\n<tr>\n<td>Limit Per Participant<\/td>\n<td>$61,000<\/td>\n<\/tr>\n<tr>\n<th colspan=\"2\">DEFINED BENEFIT PLAN<\/th>\n<\/tr>\n<tr>\n<td>Maximum Annual Benefit<\/td>\n<td>$245,000<\/td>\n<\/tr>\n<tr>\n<th colspan=\"2\">SIMPLE IRA<\/th>\n<\/tr>\n<tr>\n<td>Contribution Limit<\/td>\n<td>$14,000<\/td>\n<\/tr>\n<tr>\n<td>Catch Up (Age 50+)<\/td>\n<td>$3,000<\/td>\n<\/tr>\n<tr>\n<th colspan=\"2\">SEP IRA<\/th>\n<\/tr>\n<tr>\n<td>Maximum % of Comp (Adj. Net Earnings If Self-Employed)<\/td>\n<td>25%<\/td>\n<\/tr>\n<tr>\n<td>Contribution Limit<\/td>\n<td>$61,000<\/td>\n<\/tr>\n<tr>\n<td>Minimum Compensation<\/td>\n<td>$650<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"2\">TRADITIONAL IRA &amp; ROTH IRA CONTRIBUTIONS<\/th>\n<\/tr>\n<tr>\n<td>Total Contribution Limit<\/td>\n<td>$6,000<\/td>\n<\/tr>\n<tr>\n<td>Catch Up (Age 50+)<\/td>\n<td>$1,000<\/td>\n<\/tr>\n<tr>\n<th colspan=\"2\">ROTH IRA ELIGIBILITY<\/th>\n<\/tr>\n<tr>\n<td>SINGLE MAGI PHASEOUT<\/td>\n<td>$129,000 &#8211; $144,000<\/td>\n<\/tr>\n<tr>\n<td>MFJ MAGI PHASEOUT<\/td>\n<td>$204,000 &#8211; $214,000<\/td>\n<\/tr>\n<tr>\n<th colspan=\"2\">TRADITIONAL IRA DEDUCTIBILITY (IF COVERED BY WORK PLAN)<\/th>\n<\/tr>\n<tr>\n<td>SINGLE MAGI PHASEOUT<\/td>\n<td>$68,000 &#8211; $78,000<\/td>\n<\/tr>\n<tr>\n<td>MFJ MAGI PHASEOUT<\/td>\n<td>$109,000 &#8211; $129,000<\/td>\n<\/tr>\n<tr>\n<td>MFJ (IF ONLY SPOUSE IS COVERED)<\/td>\n<td>$204,000 &#8211; $214,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"3\">EDUCATION TAX CREDIT INCENTIVES<\/th>\n<\/tr>\n<tr>\n<th><\/th>\n<th>AMERICAN OPPORTUNITY<\/th>\n<th>LIFETIME LEARNING<\/th>\n<\/tr>\n<tr>\n<td>AMOUNT OF CREDIT<\/td>\n<td>100% of first $2,000,<br \/>\n25% of next $2,000<\/td>\n<td>20% of first $10,000<\/td>\n<\/tr>\n<tr>\n<td>SINGLE MAGI PHASEOUT<\/td>\n<td>$80,000 &#8211; $90,000<\/td>\n<td>$80,000 &#8211; $90,000<\/td>\n<\/tr>\n<tr>\n<td>MFJ MAGI PHASEOUT<\/td>\n<td>$160,000 &#8211; $180,000<\/td>\n<td>$160,000 &#8211; $180,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"4\">UNIFORM LIFETIME TABLE (RMD)<\/th>\n<\/tr>\n<tr>\n<td colspan=\"4\">OR Used to calculate RMD for account owners who have reached their RBD. Not to be used when spousal beneficiary is 10+ yrs younger.<\/td>\n<\/tr>\n<tr>\n<th>AGE<\/th>\n<th>FACTOR<\/th>\n<th>AGE<\/th>\n<th>FACTOR<\/th>\n<\/tr>\n<tr>\n<td>72<\/td>\n<td>27.4<\/td>\n<td>88<\/td>\n<td>13.7<\/td>\n<\/tr>\n<tr>\n<td>73<\/td>\n<td>26.5<\/td>\n<td>89<\/td>\n<td>12.9<\/td>\n<\/tr>\n<tr>\n<td>74<\/td>\n<td>25.5<\/td>\n<td>90<\/td>\n<td>12.2<\/td>\n<\/tr>\n<tr>\n<td>75<\/td>\n<td>24.6<\/td>\n<td>91<\/td>\n<td>11.5<\/td>\n<\/tr>\n<tr>\n<td>76<\/td>\n<td>23.7<\/td>\n<td>92<\/td>\n<td>10.8<\/td>\n<\/tr>\n<tr>\n<td>77<\/td>\n<td>22.9<\/td>\n<td>93<\/td>\n<td>10.1<\/td>\n<\/tr>\n<tr>\n<td>78<\/td>\n<td>22.0<\/td>\n<td>94<\/td>\n<td>9.5<\/td>\n<\/tr>\n<tr>\n<td>79<\/td>\n<td>21.1<\/td>\n<td>95<\/td>\n<td>8.9<\/td>\n<\/tr>\n<tr>\n<td>80<\/td>\n<td>20.2<\/td>\n<td>96<\/td>\n<td>8.4<\/td>\n<\/tr>\n<tr>\n<td>81<\/td>\n<td>19.4<\/td>\n<td>97<\/td>\n<td>7.8<\/td>\n<\/tr>\n<tr>\n<td>82<\/td>\n<td>18.5<\/td>\n<td>98<\/td>\n<td>7.3<\/td>\n<\/tr>\n<tr>\n<td>83<\/td>\n<td>17.7<\/td>\n<td>99<\/td>\n<td>6.8<\/td>\n<\/tr>\n<tr>\n<td>84<\/td>\n<td>16.8<\/td>\n<td>100<\/td>\n<td>6.4<\/td>\n<\/tr>\n<tr>\n<td>85<\/td>\n<td>16.0<\/td>\n<td>101<\/td>\n<td>6.0<\/td>\n<\/tr>\n<tr>\n<td>86<\/td>\n<td>15.2<\/td>\n<td>102<\/td>\n<td>5.6<\/td>\n<\/tr>\n<tr>\n<td>87<\/td>\n<td>14.4<\/td>\n<td>103<\/td>\n<td>5.2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"6\">SINGLE LIFETIME TABLE (RMD)<\/th>\n<\/tr>\n<tr>\n<td colspan=\"6\">Used to calculate RMD for certain beneficiaries of inherited accounts. This is an abbreviated version..<\/td>\n<\/tr>\n<tr>\n<th>AGE<\/th>\n<th>SINGLE<\/th>\n<th>AGE<\/th>\n<th>SINGLE<\/th>\n<th>AGE<\/th>\n<th>SINGLE<\/th>\n<\/tr>\n<tr>\n<td>25<\/td>\n<td>60.2<\/td>\n<td>43<\/td>\n<td>42.9<\/td>\n<td>61<\/td>\n<td>26.2<\/td>\n<\/tr>\n<tr>\n<td>26<\/td>\n<td>59.2<\/td>\n<td>44<\/td>\n<td>41.9<\/td>\n<td>62<\/td>\n<td>25.4<\/td>\n<\/tr>\n<tr>\n<td>27<\/td>\n<td>58.2<\/td>\n<td>45<\/td>\n<td>41.0<\/td>\n<td>63<\/td>\n<td>24.5<\/td>\n<\/tr>\n<tr>\n<td>28<\/td>\n<td>57.3<\/td>\n<td>46<\/td>\n<td>40.0<\/td>\n<td>64<\/td>\n<td>23.7<\/td>\n<\/tr>\n<tr>\n<td>29<\/td>\n<td>56.3<\/td>\n<td>47<\/td>\n<td>39.0<\/td>\n<td>65<\/td>\n<td>22.9<\/td>\n<\/tr>\n<tr>\n<td>30<\/td>\n<td>55.3<\/td>\n<td>48<\/td>\n<td>38.1<\/td>\n<td>66<\/td>\n<td>22.0<\/td>\n<\/tr>\n<tr>\n<td>31<\/td>\n<td>54.4<\/td>\n<td>49<\/td>\n<td>37.1<\/td>\n<td>67<\/td>\n<td>21.2<\/td>\n<\/tr>\n<tr>\n<td>32<\/td>\n<td>53.4<\/td>\n<td>50<\/td>\n<td>36.2<\/td>\n<td>68<\/td>\n<td>20.4<\/td>\n<\/tr>\n<tr>\n<td>33<\/td>\n<td>52.5<\/td>\n<td>51<\/td>\n<td>35.3<\/td>\n<td>69<\/td>\n<td>19.6<\/td>\n<\/tr>\n<tr>\n<td>34<\/td>\n<td>51.5<\/td>\n<td>52<\/td>\n<td>34.3<\/td>\n<td>70<\/td>\n<td>18.8<\/td>\n<\/tr>\n<tr>\n<td>35<\/td>\n<td>50.5<\/td>\n<td>53<\/td>\n<td>33.4<\/td>\n<td>71<\/td>\n<td>18.0<\/td>\n<\/tr>\n<tr>\n<td>36<\/td>\n<td>49.6<\/td>\n<td>54<\/td>\n<td>32.5<\/td>\n<td>72<\/td>\n<td>17.2<\/td>\n<\/tr>\n<tr>\n<td>37<\/td>\n<td>48.6<\/td>\n<td>55<\/td>\n<td>31.6<\/td>\n<td>73<\/td>\n<td>16.4<\/td>\n<\/tr>\n<tr>\n<td>38<\/td>\n<td>47.7<\/td>\n<td>56<\/td>\n<td>30.6<\/td>\n<td>74<\/td>\n<td>15.6<\/td>\n<\/tr>\n<tr>\n<td>39<\/td>\n<td>46.7<\/td>\n<td>57<\/td>\n<td>29.8<\/td>\n<td>75<\/td>\n<td>14.8<\/td>\n<\/tr>\n<tr>\n<td>40<\/td>\n<td>45.7<\/td>\n<td>58<\/td>\n<td>28.9<\/td>\n<td>76<\/td>\n<td>14.1<\/td>\n<\/tr>\n<tr>\n<td>41<\/td>\n<td>44.8<\/td>\n<td>59<\/td>\n<td>28.0<\/td>\n<td>77<\/td>\n<td>13.3<\/td>\n<\/tr>\n<tr>\n<td>42<\/td>\n<td>43.8<\/td>\n<td>60<\/td>\n<td>27.1<\/td>\n<td>78<\/td>\n<td>12.6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"3\">ESTATE &amp; GIFT TAX<\/th>\n<\/tr>\n<tr>\n<th>LIFETIME EXEMPTION<\/th>\n<th>TAX RATE<\/th>\n<th>GIFT TAX ANNUAL<\/th>\n<\/tr>\n<tr>\n<td>$12,060,000<\/td>\n<td>40%<\/td>\n<td>$16,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table id=\"eDnaTab\" class=\"edTable\" style=\"margin-top: 30px\">\n<tbody>\n<tr>\n<th colspan=\"4\">HEALTH SAVINGS ACCOUNT<\/th>\n<\/tr>\n<tr>\n<th width=\"25%\">COVERAGE<\/th>\n<th width=\"25%\">CONTRIB.<\/th>\n<th width=\"25%\">MINIMUM ANNUAL DEDUCTIBLE<\/th>\n<th width=\"25%\">MAX OUT-OF-POCKET EXPENSE<\/th>\n<\/tr>\n<tr>\n<td>INDIVIDUAL<\/td>\n<td>$3,650<\/td>\n<td>$1,400<\/td>\n<td>$7,050<\/td>\n<\/tr>\n<tr>\n<td>FAMILY<\/td>\n<td>$7,300<\/td>\n<td>$2,800<\/td>\n<td>$14,100<\/td>\n<\/tr>\n<tr>\n<td>AGE 55+ CATCH UP<\/td>\n<td>$1,000<\/td>\n<td>N\/A<\/td>\n<td>N\/A<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center\"><a href=\"https:\/\/advisors1.bradcable.com\/ferofinancial\/wp-content\/uploads\/sites\/129\/2022\/02\/Important-Numbers-2022.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Click here to download a PDF of this report.<\/strong><\/a><\/p>\n<p>Securities offered through LPL Financial, member FINRA\/SIPC. Advisory Services offered through IFG Advisory, LLC, a registered investment advisor. Integrated Financial Group, IFG Advisory, LLC, Rebekah J. Fero, LLC and Fero Financial are separate entities from LPL Financial. This material was prepared by fpPathfinder and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note \u2013 investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>table.edTable { width: 100%; font-size: 17px; } table, table.edTable th, table.edTable td { border: solid 1px #978981; border-collapse: collapse; padding: 3px; text-align: center; } table.edTable td { background-color: #7da8ae; color: #ffffff; font-size: 14px; } table.edTable th { background-color : #bcaea5; color: #ffffff; } tr:hover td { background-color: #978980; color: #dddddd; } FEDERAL INCOME TAX TAX [&hellip;]<\/p>\n","protected":false},"author":77,"featured_media":10683,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","wds_primary_category":0,"footnotes":""},"categories":[14],"tags":[],"class_list":["post-10669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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