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Key Numbers 2020

Dear Clients & Friends,

Happy New Year! And welcome to the first issue of our 2020 Weekend Reading Series.

Over the next two weeks, we will be preparing our 2020 investment market outlook. But for this week, as we do each year, we have compiled a list of key numbers for 2020. With the help of one of our research providers, we have selected several categories relevant to our clients such as individual taxes, 529 plan contributions, IRA contributions, HSA planning, Social Security Income, and Capital Gains taxes.

Everyone’s financial model has been updated with the new 2020 numbers; however, we know many of you like to see what’s changed, hence this compilation we are providing.

Clicking any link below will take you to an online pamphlet. Enjoy…


2020 Key Numbers

Individual Income Tax Planning Alternative Minimum Tax (AMT), child tax credit, earned income tax credit, itemized deductions, kiddie tax, personal exemptions, and more.

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2020 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates) Tax rates for all filing statuses.

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2019 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates) Tax rates for all filing statuses.

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Business Planning Earnings subject to FICA taxes, Section 179 expensing, standard mileage rate, and more.

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Education Planning Coverdell education savings account limits, education loan interest deduction limits, American Opportunity and Lifetime Learning Credits, and more.

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Protection Planning Eligible long-term care premium deduction limits, Archer Medical Savings Accounts, and Health Savings Accounts (HSAs).

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Estate Planning Annual gift tax exclusion, estate tax applicable exclusion amount, gift tax applicable exclusion amount, GSTT exemption, and more.

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Government Benefits Social Security, Medicare, and Medicaid.

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Retirement Planning Elective deferral limits, IRA contribution limits, additional "catch-up" limits, traditional deductible IRA and Roth IRA compensation limits, and more.

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Investment Planning Tax rates on long-term capital gains and dividends, additional Medicare contribution tax on unearned income.

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Matthew Ramer, AIF® Principal, Financial Advisor MOR Wealth Management, LLC

1801 Market Street, Suite 2435 Philadelphia, PA 19103 P: 267.930-8301 | c: 215-694-4784 | f: 267.284.4847 |

601 21st Street, Suite 300 Vero Beach, FL 32960 P: 772-453-2810 |

The majority of this content was written and distributed MOR Wealth Management, all rights reserved. Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a registered investment adviser. Fixed insurance products and services offered through CES Insurance Agency.


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