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$2,551 - $9,150 Tax-Free Daily Per Diem Amount $360 $780 Coverage Minimum Deductible Maximum Out-Of-Pocket Maximum Out-Of-Pocket Maximu
Of-Pocket Family Single $135,000 $73,000

2018 TAXES

BY THE NUMBERS
The Tax Cuts and Jobs Act made changes to the annual
cost-of-living adjustments for tax numbers. Here are the
official tax numbers for 2018.

ESTATE, GIFT, & GST TAXES

EMPLOYMENT TAXES

Annual Taxable Gift Exclusion

$15,000

Annual Taxable Gift Exclusion for
Noncitizen Spouse

$152,000

Unified Estate & Gift Tax Exemption
(portability available)

$11,180,000

Generation Skipping Transfer Tax
Exemption (no portability)

$11,180,000

Estate, Gift & GST Tax Rate

40%

TRUSTS & ESTATES
INCOME TAXES
Taxable Income

Marginal
Tax Rate

$0 - $2,550

10%

$2,551 - $9,150

24%

$9,151 - $12,500

35%

Over $12,500

37%

ELIGIBLE QUALIFIED
LONG-TERM CARE INSURANCE
Age

Limitation on
Deductible Premiums

40 or less

$420

41 to 50

$780

51 to 60

$1,560

61 to 70

$4,160

Max Earnings
Subject to Tax

Max Earnings
Subject to Tax Rate

Social Security

$128,400

6.2% (12.4% for
self-employed)

Medicare

No Cap

1.45% (2.9% for
self-employed)

INCOME TAX
STANDARD DEDUCTIONS
Single

$12,000

Married Filing Joint

$24,000

INDIVIDUAL ORDINARY INCOME TAXES

CORPORATE
INCOME
Tax Rate – 21%

Marginal
Ordinary
Income
Tax Rate

Single Taxable
Income

Married Filing Joint
Taxable Income

$0 - $9,525

$0 - $19,050

10%

$9,526 - $38,700

$19,051 - $77,400

12%

$38,701 - $82,500

$77,401 - $165,000

22%

$82,501 - $157,500

$165,001 - $315,000

24%

$157,501 - $200,000

$315,001 - $400,000

32%

$200,001 - $500,000

$400,001 - $600,000

35%

Over $500,000

Over $600,000

37%

LONG-TERM CAPITAL GAIN TAXES
Long-Term
Capital
Gain Tax
Rate

Single Taxable
Income

Married Filing Joint
Taxable Income

$0 - $38,600

$0 - $77,200

0%

$38,601 - $425,800

$77,201 - $479,000

15%

Over $425,800

Over $479,000

20%

More than 70

Over $425,800

$5,200

Tax-Free Daily Per Diem Amount $360

Maximum
Contribution

Coverage

Minimum
Deductible

Self-Only

$1,350

$6,650

$3,450

Family

$2,700

$13,300

$6,850

Over Age 55 “Catch-Up” Contribution

$1,000

RETIREMENT PLANS

Single

$200,000

Married Filing Joint

$250,000

ROTH IRA CONTRIBUTION PHASE-OUT

Defined Contribution Maximum
Annual Contribution

$55,000

401(k), 403(b) & 457(b) Elective Deferral Limit

$18,500

401(k), 403(b) & 457(b) “Catch-up”
Contribution Limit for Persons Over Age
50 at Year End

$6,000

SIMPLE Plan Elective Deferral Limit

$12,500

SIMPLE Plan “Catch-up” Contribution Limit for
Persons Over Age 50 at Year End

$3,000

SEP Minimum Compensation Amount

$600

Key Employee “Top-Heavy” Plan
Compensation Threshold

$175,000

Highly Compensated Employee
Compensation Threshold

$120,000

Defined Benefit Plan Maximum Annual Benefit

$220,000

Maximum Annual Compensation Taken into
Account for Qualified Plans

$275,000

ESOP Additional Year Threshold / 5 Year
Distribution Threshold

$220,000 /
$1,105,000

IRA Contribution Limit (Traditional and
Roth Combined)

$5,500

IRA “Catch-up” Contribution Limit for Persons
Over Age 50 at Year End (Traditional and Roth
Combined)

20%

3.8% NET INVESTMENT INCOME TAX MAGI
THRESHOLD & 0.9% MEDICARE EARNED
INCOME SURTAX THRESHOLD

HEALTH SAVINGS
ACCOUNTS
Maximum
Out-OfPocket

Over $479,000

$1,000

Phase-Out
Begins at
MAGI of

No Contribution
When MAGI Is

Single

$120,000

$135,000

Married
Filing Joint

$189,000

$199,000

TRADITIONAL IRA DEDUCTIBILITY
PHASE-OUT (COVERED BY EMPLOYER’S
RETIREMENT PLAN)
Phase-Out
Begins at
MAGI of

No Contribution
When MAGI Is

Single

$63,000

$73,000

Married
Filing Joint
(contributing
spouse
covered)

$101,000

$121,000

Married
Filing Joint
(noncontributing
spouse
covered)

$189,000

$199,000

Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional
regarding your individual situation.

®

Pub8822 (02/18)
2018-53993 (Exp. 12/18)

The Guardian Life Insurance Company of America 7 Hanover Square New York, NY 10004-4025 www.guardianlife.com


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