KJE.Default.TaxRate=25;KJE.Default.TaxRateRetire=15;KJE.Default.TaxRateCapGain=15;KJE.Default.StateTaxRate=8;KJE.Default.IncomeTaxTableTaxYear="Use the table below to assist you in estimating your federal tax rate.
Tax Rate | Married Filing Jointly or Qualified Widow(er) | Single | Head of Household | Married Filing Separately |
---|---|---|---|---|
10% | $0 - $18,650 | $0 - $9,325 | $0 - $13,350 | $0 - $9,325 |
15% | $18,650 - $75,900 | $9,325 - $37,950 | $13,350 - $50,800 | $9,325 - $37,950 |
25% | $75,900 - $153,100 | $37,950 - $91,900 | $50,800 - $131,200 | $37,950 - $76,550 |
28% | $153,100 - $233,350 | $91,900 - $191,650 | $131,200 - $212,500 | $76,550 - $116,675 |
33% | $233,350 - $416,700 | $191,650 - $416,700 | $212,500 - $416,700 | $116,675 - $208,350 |
35% | $416,700 - $470,700 | $416,700 - $418,400 | $416,700 - $444,550 | $208,350 - $235,350 |
39.6% | Over $470,700 | Over $418,400 | Over $444,550 | Over $235,350 |
*Caution: Do not use these tax rate schedules to figure 2016 taxes. Use only to figure 2017 estimates. Source: Rev. Proc. 2016-55 |
Filing Status | Standard Deduction |
---|---|
Married Filing Joint | $12,700 |
Qualified Widow(er) | $12,700 |
Single | $6,350 |
Heads of Household | $9,350 |
Married Filing Separately | $6,350 |
2017 | 2016 | Change | |
---|---|---|---|
HSA Contribution Limit | Single: $3,400 Family: $6,750 | Single: $3,400 Family: $6,750 | Single: $50+ Family: no change |
HSA catch-up contributions | $1,000 | $1,000 | No change, not indexed to inflation |
HDHP mimimum deductible* | Single: $1,300 Family: $2,600 | Single: $1,300 Family: $2,600 | Single: no change Family: no change |
HDHP maximum out-of-pocket** | Single: $6,550 Family: $13,100 | Single: $6,550 Family: $13,100 | Single: no change Family: no change |
*Catch-up contributions can be made anytime during the year in which the participant turns 55. **This includes deductible amount, co-payments and other non-premium payments. |
Please note, you are no longer eligible to make HSA contributions starting in the first month that you are eligible for and enrolled in Medicare Part A or B.
For complete details on HSAs you may wish to visit the U.S. Treasury at US Treasury Health Savings Accounts";KJE.definitions.set("**HSA_LIMITS_DEFINITION**",KJE.Default.HSALimitsDefinition);KJE.HSAvsTraditionalCalc=function(){this.MSG_ERROR1="Annual deductible must be less than your maximum out of pocket expense.";this.MONTHLY_PREMIUM=KJE.FloatArray(2);this.ANNUAL_DEDUCTIBLE=KJE.FloatArray(2);this.MAXIMUM_ANNUAL_OUT_OF_POCKET=KJE.FloatArray(2);this.OTHER_EXPENSE=KJE.FloatArray(2);this.CO_INSURANCE=KJE.FloatArray(2);this.CO_PAY=KJE.FloatArray(2);this.CO_PAYDOC=KJE.FloatArray(2);this.HSA_CONTRIBUTIONS=KJE.FloatArray(2);this.bIncludCopaysInMaxOOP=KJE.parameters.get("INCLUDE_COPAYS_IN_OUTOFPOCKET_TOTAL",true);this.AVG_COST_PRESCRIPTIONS=KJE.parameters.get("AVG_COST_PRESCRIPTIONS",50);this.AVG_COST_DOCTOR_VISITS=KJE.parameters.get("AVG_COST_DOCTOR_VISITS",50);this.ANNUAL_PREMIUM=KJE.FloatArray(3);this.ESTIMATED_MEDICAL_EXPENSES=KJE.FloatArray(3);this.ESTIMATED_HSA_WITHDRAWALS=KJE.FloatArray(3);this.ESTIMATED_HSA_TAX_SAVINGS=KJE.FloatArray(3);this.TOTAL_ANNUAL_COST=KJE.FloatArray(3);this.TOTAL_MONTHLY_COST=KJE.FloatArray(3);this.HSA_UNUSED_BALANCE=0;this.bUseCopay=[false,true];this.MSG_HSA_BALANCE=[KJE.parameters.get("MSG_HSA_BALANCE1","Your entire HSA_CONTRIBUTIONS1 HSA contribution can be paid from HDHP qualified plan premium savings."),KJE.parameters.get("MSG_HSA_BALANCE2","Your HSA_CONTRIBUTIONS1 HSA contribution can be paid in part from HDHP qualified plan premium savings.")];this.DS_NEW=KJE.FloatArray(2);this.cats=[KJE.parameters.get("MSG_GRAPHCAT1","HSA"),KJE.parameters.get("MSG_GRAPHCAT2","Traditional")]};KJE.HSAvsTraditionalCalc.prototype.clear=function(){var b=this.MONTHLY_PREMIUM.length;for(var a=0;aA[x]){throw (this.MSG_ERROR1)}q[x]=m[x]*12;n=(e[x]?0:f*w+u*v)+r[x];var p=(e[x]?f*C[x]+v*d[x]:0);if(n In order to put money into an HSA you are required to have a High Deductible Health Plan (HDHP) in effect for either you or your family. A HDHP is simply health insurance that meets certain minimum deductible and maximum out-of-pocket expense requirements. **HSA_LIMITS_DEFINITION** A HDHP with a HSA could save you TOTAL_MONTHLY_COST3 per month.
MSG_HSA_BALANCE Your unused HSA account balance is HSA_UNUSED_BALANCE for the year which rolls over to next year, tax-free (state taxes may vary). **GRAPH** Annual prescriptions ANNUAL_PRESCRIPTIONS Annual doctor visits ANNUAL_DOCTOR_VISITS Marginal income tax rate MARGINAL_INCOME_TAX_RATE HDHP Qualified Plan Traditional Health Plan Monthly premium MONTHLY_PREMIUM1 MONTHLY_PREMIUM2 Annual deductible ANNUAL_DEDUCTIBLE1 ANNUAL_DEDUCTIBLE2 Maximum annual out-of-pocket MAXIMUM_ANNUAL_OUT_OF_POCKET1 MAXIMUM_ANNUAL_OUT_OF_POCKET2 Co-pay for prescriptions CO_PAY1 CO_PAY2 Co-pay for doctor visits CO_PAYDOC1 CO_PAYDOC2 Other expenses OTHER_EXPENSE1 OTHER_EXPENSE2 Co-insurance CO_INSURANCE1 CO_INSURANCE2 HSA Contributions HSA_CONTRIBUTIONS1 HSA_CONTRIBUTIONS2 HDHP Qualified Plan Traditional Health Plan Difference Annual premium ANNUAL_PREMIUM1 ANNUAL_PREMIUM2 ANNUAL_PREMIUM3 Estimated medical expenses ESTIMATED_MEDICAL_EXPENSES1 ESTIMATED_MEDICAL_EXPENSES2 ESTIMATED_MEDICAL_EXPENSES3 Estimated HSA withdrawals ESTIMATED_HSA_WITHDRAWALS1 ESTIMATED_HSA_WITHDRAWALS2 ESTIMATED_HSA_WITHDRAWALS3 Estimated HSA tax savings ESTIMATED_HSA_TAX_SAVINGS1 ESTIMATED_HSA_TAX_SAVINGS2 ESTIMATED_HSA_TAX_SAVINGS3 Total annual cost TOTAL_ANNUAL_COST1 TOTAL_ANNUAL_COST2 TOTAL_ANNUAL_COST3 Total monthly cost TOTAL_MONTHLY_COST1 TOTAL_MONTHLY_COST2 TOTAL_MONTHLY_COST3 Unused HSA Account Balance* HSA_UNUSED_BALANCE $0 HSA_UNUSED_BALANCE