| Business expensing limit: Cap on equipment purchases | $2,890,000 |
| Business expensing limit: New and Used Equipment and Software | $1,160,000 |
| Qualified Business Income threshold amount: | $182,100 (single and head of household); $364,200 (married filing joint return) |
| Qualified Small Employer Health Reimbursement Arrangement limit: | $5,850 (single coverage); $11,800 (family coverage) |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2022 tax liability |
| Standard mileage rate for business driving | 65.5 cents |
| Standard mileage rate for medical driving | 22 cents |
| Standard mileage rate for moving driving - Members of the Armed Forces on active duty who move because of a permanent change of station | 22 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $2,000 |
| Unearned income maximum for children under 19 before kiddie tax applies | $1,250 |
| Maximum capital gains tax rate for taxpayers with income up to $44,625 for single filers, $89,250 for married filing jointly | 0% |
| Maximum capital gains tax rate for taxpayers with income $44,625 to $492,300 for single filers, $89,250 to $553,850 for married filing jointly | 15% |
| Maximum capital gains tax rate for taxpayers with income above $492,300 for single filers, $553,850 for married filing jointly | 20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| Maximum contribution for Traditional/Roth IRA | $6,500 if under age 50
$7,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $15,500 if under age 50
$19,000 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of eligible compensation
up to $66,000 |
| 401(k) maximum employee contribution limit | $22,500 if under age 50
$30,000 if 50 or older |
| Estate tax exemption | $12,920,000 |
| Annual Exclusion for Gifts | $17,000 |
