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The following list shows the exemption limits for 2021 and 2022 tax years.

Max Tax Rate 37.00% 37.00%
- Single Top Salary $578,125.00 $609,350.00
- Married Top Salary $693,750.00 $732,200.00
Standard Deduction
- Single Standard Deduction $13,850.00 $14,600.00
- Married Standard Deduction $27,700.00 $29,200.00
- Head of Household Maximum Deduction $20,800.00 $21,900.00
FICA Taxable Wages $160,200.00 $168,600.00
FICA % 6.20% 6.20%
- FICA Max Withholding $9,932.40 $10,453.20
Section 179 1,160,000 $1,160,000.00
Estate Tax Unified Credit $12,920,000.00 $3,610,000.00
Non-Taxable Gifts $17,000.00 $18,000.00
Mileage Rates
- Business Travel $655.000 $0.670
- Charity $0.14 $0.14
- Medical and Moving $0.22 $0.17
Retirement Plans
- Compensation Limit $330,000.00 $345,000.00
- Pension/SEP $66,000.00 $69,000.00
- 401K $22,500.00 $23,000.00
- > 50 Catch Up (401K) $7,500.00 $7,500.00
- Simple $15,500.00 $16,000.00
- > 50 Catch Up (Simple) $3,500.00 $3,500.00
- IRA $6,500.00 $7,000.00
- > 50 Catch Up (IRA) $1,000.00 $1,000.00
Flexible Spending Accounts $3,050.00 $3,200.00
Qualified Employee Fringe Benefits $270.00/month $315.00/month
Health Savings Account
- Self Plan $3,600.00 $4,150.00
- Family Plan $7,200.00 $8,300.00
- Age 55 and Over Catch Up $1,000.00 $1,000.00