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Surviving Spouses (§ 1(a)) Heads of Households (§ 1(b)) $275,000 $397,500 Unmarried Individuals (other than Surviving $250,000 $372,500 Spouses and Heads of Households) (§ 1(c))

Married Individuals Filing Separate $150,000 $211,250 Returns (§ 1(d)) .12 Interest on Education Loans. For taxable years beginning in 2013, the $2,500 maximum deduction for interest paid on qualified education loans under § 221 begins to phase out under § 221(b)(2)(B) for taxpayers with modified adjusted gross income in excess of $60,000 ($125,000 for joint returns), and is completely phased out for taxpayers with modified adjusted gross income of $75,000 or more ($155,000 or more for joint returns). .13 Unified Credit Against Estate Tax. For an estate of any decedent dying during calendar year 2013, the basic exclusion amount is $5,250,000 for determining the amount of the unified credit against estate tax under § 2010. SECTION 3. MODIFICATION OF REV. PROC. 2011-52 To reflect a statutory amendment made by ATRA to § 132(f)(2), section 3.12 of Rev. Proc. 2011-52 is modified to read as follows: .12 Qualified Transportation Fringe Benefit. For taxable years beginning in 2012, the monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $240. The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $240 for 2012.

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Official source

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Surviving Spouses (§ 1(a)) Heads of Households (§ 1(b)) $275,000 $397,500 Unmarried Individuals (other than Surviving $250,000 $372,500 Spouses and Heads of Households) (§ 1(c))

Married Individuals Filing Separate $150,000 $211,250 Returns (§ 1(d)) .12 Interest on Education Loans. For taxable years beginning in 2013, the $2,500 maximum deduction for interest paid on qualified education loans under § 221 begins to phase out under § 221(b)(2)(B) for taxpayers with modified adjusted gross income in excess of $60,000 ($125,000 for joint returns), and is completely phased out for taxpayers with modified adjusted gross income of $75,000 or more ($155,000 or more for joint returns). .13 Unified Credit Against Estate Tax. For an estate of any decedent dying during calendar year 2013, the basic exclusion amount is $5,250,000 for determining the amount of the unified credit against estate tax under § 2010. SECTION 3. MODIFICATION OF REV. PROC. 2011-52 To reflect a statutory amendment made by ATRA to § 132(f)(2), section 3.12 of Rev. Proc. 2011-52 is modified to read as follows: .12 Qualified Transportation Fringe Benefit. For taxable years beginning in 2012, the monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $240. The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $240 for 2012.