The quarterly update for 12/31/2018 is a large update, affecting every calculator. The majority of the changes affect the functionality of the calculations, updating them to 2019 rules and regulations. The most significant calculation changes in this update were to the retirement, savings, and tax calculators. Additional changes have also been made changes for continued ADA support. All standard calculators meet accessibility specification WCAG 2.0 Level AA and Section 508.
All maintenance releases are cumulative, so if you apply this update, you will have all previous calculator updates as well. For your reference you can view the previous update notes here: 9/30/2018 Update.
For more detailed information please see our frequently asked questions: FAQ: V3 Frequently Asked Questions
For more detailed information please see our deployment documentation: V3 Deployment Information
When you test the new version of the calculators, make sure that the browser you are using uses the new files instead of any it may have in its cache. You may need to clear the browser's cache manually to ensure the new versions are loaded.
Please note, if you have a Servlet or other custom deployment, installation instructions for your package will found on your download page or provided separately.
The V3 (HTML5/JavaScript) calculators do not require any edits or modifications to HTML pages, all changes are encapsulated within the JS files provided.
For more information please see Mozilla CSP
All calculators follow the ADA guidelines to meet or exceed accessibility specification WCAG 2.0 Level AA and Section 508. We continue to refine our ADA support with this update. Over the past year all calculators have been tested and updated to include full ADA support, this includes:
SortSite:
https://www.powermapper.com/products/sortsite/checks/browser-compatibility/
WebAim:
http://wave.webaim.org/
We will continue to monitor and update our software to maintain compliance and ensure any future compliance issues are resolved quickly. If you have a specific calculator on your site where you have a question please feel free to contact us.
Improvements to the graphical user interface continue with this update. Smoother transitions and improved layout of the Email and AutoSave menu items.
New definition:
The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31st 2018, had an annual compounded rate of return of 12.1%, including reinvestment of dividends. From January 1, 1970 to December 31st 2018, the average annual compounded rate of return for the S&P 500®, including reinvestment of dividends, was approximately 10.2% (source: www.standardandpoors.com). Since 1970, the highest 12-month return was 61% (June 1982 through June 1983). The lowest 12-month return was -43% (March 2008 to March 2009). Savings accounts at a financial institution may pay as little as 0.25% or less but carry significantly lower risk of loss of principal balances.
It is important to remember that these scenarios are hypothetical and that future rates of return can't be predicted with certainty and that investments that pay higher rates of return are generally subject to higher risk and volatility. The actual rate of return on investments can vary widely over time, especially for long-term investments. This includes the potential loss of principal on your investment. It is not possible to invest directly in an index and the compounded rate of return noted above does not reflect sales charges and other fees that investment funds and/or investment companies may charge.
New definition Spanish Definition:
El por ciento de rendimiento real dependerá en gran parte del tipo de inversión que usted escoja. De enero de 1970 a enero de 2018 el por ciento de rendimiento promedio ponderado para el índice "S&P 500®", incluyendo la reinversión de dividendos, fue aproximadamente 10.2% por año. Durante estos años el rendimiento mayor para un periodo de 12 meses fue de 61% mientras el menor fue de -43%. Las cuentas de ahorro en los bancos pagan un interés tan bajo como 1% o menos.
Es importante recordar que el por ciento de rendimiento futuro no se pueden predecir con certeza y que las inversiones que pagan un por ciento de rendimiento mayor están sujetos a un mayor riesgo y volatilidad. El por ciento de rendimiento real puede variar extensamente durante el su vida, especialmente en inversiones a largo plazo, incluyendo una potencial perdida de principal de su inversión.
This affects the following 66 calculators:
This is what you expect for the average long-term inflation rate. A common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2018 the CPI has a long-term average of 2.9% annually. Over the last 40 years highest CPI recorded was 13.5% in 1980. For 2018, the last full year available, the CPI was 2.2% annually as reported by the Minneapolis Federal Reserve.
For Spanish the definition now reads as:
Lo que espera para el índice promedio de inflación a largo plazo. Una medida común de inflación en los Estados Unidos es el Índice de Precios al Consumidor (Consumer Price Index, CPI), que tiene un promedio a largo plazo del 2.9% anual, de 1925 a 2018.
This affects the following 25 calculators:
Have been finalized for 2019 changes. The limits and amounts were increased slightly from 2019 for all HSA calculations. All calculators were updated to indicate the new 2019 amounts. Income tax brackets and rates were updated to 2019. This includes the following:
The table below shows the limits for HSA's in 2019.
| 2019 | 2018 | Change | |
|---|---|---|---|
| HSA Contribution Limit | Single: $3,450 Family: $6,900 | Single: $3,400 Family: $6,750 | Single: $50+ Family: $150+ |
| HSA catch-up contributions* | $1,000 | $1,000 | No change, not indexed to inflation |
| HDHP minimum deductible | Single: $1,350 Family: $2,700 | Single: $1,300 Family: $2,600 | Single: $50+ Family: $100+ |
| HDHP maximum out-of-pocket** | Single: $6,650 Family: $13,300 | Single: $6,550 Family: $13,100 | Single: $100+ Family: $200+ |
*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
This affects the following calculators:
| HTML File Changed | Name |
|---|---|
| HSABusiness.html | Health Savings Accounts (HSA) Employer Benefit |
| HSAContribution.html | Health Savings Account (HSA) Contribution Calculator |
| HSASavings.html | Health Savings Account (HSA) Savings Calculator |
| HSAvsTraditional.html | Health Savings Account (HSA) vs. Traditional Health Plan |
| HSAGoal.html | Health Savings Account (HSA) Goal Calculator |
Definition for long term care costs has been updated to:
The default daily value was increased to $275.
The Payroll withholding information has also been updated to 2019 rules and rates.
This affects the following calculators:
| HTML File Changed | Name |
|---|---|
| Payroll.html | Payroll Deductions Calculator |
| PayrollHourly.html | Payroll Hourly Paycheck Calculator |
| Payroll125.html | Payroll Flexible Spending Account (FSA) Calculator |
| PayrollGross.html | Payroll Net to Gross Calculator |
| 457Payroll.html | Payroll Deduction Calculator with 457 Contributions |
| IncomeOneorTwo.html | Should my spouse work? |
| RetirePayrollSavings.html | Retirement Contribution Effects on Your Paycheck Calculator |
| RetirePayrollSavings2.html | Retirement Contribution Effects on Your Paycheck Calculator |
| SPPayroll.html | Cheque deducciones y retenciones |
| SPRetirePayrollSavings.html | Efectos de sus Aportaciones a su Jubilación sobre su Cheque de Paga |
| Annual taxable income between these amounts | Annual withholding | Withhold additional % of income over this amount |
|---|---|---|
| *Source: http://www.irs.gov Publication 15 Income Tax Withholding Tables for 2019 | ||
| $0 - $3,800 | $0.00 | |
| $3,800 - $13,500 | $0.00 | plus 10% of income over $3,800 |
| $13,500 - $43,275 | $970.00 | plus 12% of income over $13,500 |
| $43,275 - $88,000 | $4,543.00 | plus 22% of income over $43,275 |
| $88,000 - $164,525 | $14,382.50 | plus 24% of income over $88,000 |
| $164,525 - $207,900 | $32,748.50 | plus 32% of income over $164,525 |
| $207,900 - $514,100 | $46,628.50 | plus 35% of income over $207,900 |
| $514,100 - (no limit) | $153,798.50 | plus 37% of income over $514,100 |
| Annual taxable income between these amounts | Annual withholding | Withhold additional % of income over this amount |
|---|---|---|
| *Source: http://www.irs.gov Publication 15 Income Tax Withholding Tables for 2019 | ||
| $0 - $11,800 | $0.00 | |
| $11,800 - $31,200 | $0.00 | plus 10% of income over $11,800 |
| $31,200 - $90,750 | $1,940.00 | plus 12% of income over $31,200 |
| $90,750 - $180,200 | $9,086.00 | plus 22% of income over $90,750 |
| $180,200 - $333,250 | $28,765.00 | plus 24% of income over $180,200 |
| $333,250 - $420,000 | $65,497.00 | plus 32% of income over $333,250 |
| $420,000 - $624,150 | $93,257.00 | plus 35% of income over $420,000 |
| $624,150 - (no limit) | $164,709.50 | plus 37% of income over $624,150 |
| College Type | Tuition & Fees | Room & Board | Total | Change from 2017-18 |
|---|---|---|---|---|
| Public 4-Year (in-state tuition) | $10,230 | $11,140 | $21,370 | 2.8% |
| Public 4-Year (out-state tuition) | $26,290 | $11,140 | $37,430 | 2.6% |
| Private 4-Year | $35,830 | $12,680 | $48,510 | 3.2% |
The tables and text below has been updated:
| Tax Filing Status | Income Phase-Out Range |
|---|---|
| Married filing jointly | $103,000 - $123,000 |
| Single, Head of Household or Married Filing Separately (and have not lived with spouse for last year)* | $64,000 - $74,000 |
| Married filing separately* | $0 - $10,000 |
| Married filing jointly (spouse has employer plan, IRA owner does not)** | $193,000 - $203,000 |
Roth IRA contributions are limited for higher incomes. If your income falls in a 'phase-out' range you are allowed only a prorated Roth IRA contribution. If your income exceeds the phase-out range, you do not qualify for any Roth IRA contribution. The table below summarizes the income 'phase-out' ranges for Roth IRAs.
| Tax Filing Status | Income Phase-Out Range |
|---|---|
| Married filing jointly or head of household | $193,000 to $203,000 |
| Single | $122,000 - $137,000 |
| Married filing separately | $0 - $10,000 |
Use the ‘Filing Status and Income Tax Rates Table’ 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 |
|---|---|---|---|---|
| *Caution: Do not use these tax rate schedules to figure 2018 taxes. Use only to figure 2019 estimates. Source: Rev. Proc. 2018-57 | ||||
| 10% | $0 - $19,400 | $0 - $9,700 | $0 - $13,850 | $0 - $9,700 |
| 12% | $19,400 - $78,950 | $9,700 - $39,475 | $13,850 - $52,850 | $9,700 - $39,475 |
| 22% | $78,950 - $168,400 | $39,475 - $84,200 | $52,850 - $84,200 | $39,475 - $84,200 |
| 24% | $168,400 - $321,450 | $84,200 - $160,725 | $84,200 - $160,700 | $84,200 - $160,725 |
| 32% | $321,450 - $408,200 | $160,725 - $204,100 | $160,700 - $204,100 | $160,725 - $204,100 |
| 35% | $408,200 - $612,350 | $204,100 - $510,300 | $204,100 - $510,300 | $204,100 - $306,175 |
| 37% | Over $612,350 | Over $510,300 | Over $510,300 | Over $306,175 |
NOTE: The actual tax calculators will be updated at the end of the tax season, in the 3/31/2018 update.
Calculations and definitions updated for 2019. The calculations use the 2019 FICA income limit of $132,900 with an annual maximum Social Security benefit of $34,332 per year ($2,861 per month) for a single person and 1.5 times this amount for a married couple. Please see https://www.ssa.gov/news/press/factsheets/colafacts2019.pdf for more information.
These changes affect the following calculators:
| Name | HTML File Changed |
|---|---|
| Social Security Benefit Calculator | SocialSecurity.html |
| How important is Social Security? | NoSocial.html |
| Retirement Planner Calculator | RetirementPlan.html |
| Retirement Pension Planner Calculator | RetirementPlan3.html |
| Retirement Nestegg Calculator | RetirementNestegg.html |
| Retirement Income Calculator | RetirementNumber.html |
| Retirement Planner with Retirement Earnings Calculator | RetirementPlan4.html |
The definitions of Social Security in each of these calculators has been updated to the following: Social Security is based on a sliding scale depending on your income, how long you work and at what age you retire. Social Security benefits automatically increase each year based on increases in the Consumer Price Index. Including a spouse increases your Social Security benefits by 1.5 times your individual estimated benefit. Please note that this calculator assumes that only one of the spouses work. Benefits could be different if your spouse worked and earned a benefit higher than one half of your benefit. If you are a married couple, and both spouses work, you may need to run the calculation twice – once for each spouse and their respective income. This calculator provides only an estimate of your benefits.
The calculations use the 2019 FICA income limit of $132,900 with an annual maximum Social Security benefit of $34,332 ($2,861 per month) for a single person and 1.5 times this amount for a married couple. To receive the maximum benefit would require earning the maximum FICA salary for nearly your entire career. You would also need to begin receiving benefits at your full retirement age of 66 or 67 (depending on your birthdate). This calculator rounds your age of full Social Security benefits to the next highest full year. If your birthdate is between 1955 and 1959 your actual full retirement age for Social Security is 66 plus two months for each year after 1954. Your actual benefit may be lower or higher depending on your work history and the complete compensation rules used by Social Security.
For Spanish versions:
El Seguro Social está basado en una escala móvil en base a sus ingresos, a cuánto tiempo trabaja y a qué edad se jubila. Los beneficios del Seguro Social aumentan automáticamente todos los años en base a los aumentos del Índice de Precios al Consumidor. El incluir a un cónyuge aumenta sus beneficios del Seguro Social en 1.5 veces el cálculo de su beneficio individual. Note que esta calculadora asume que sólo uno de los cónyuges trabaja. Los beneficios podrían ser diferentes si su cónyuge ha trabajado y ganado un beneficio que es más de la mitad de su beneficio. En el caso de un matrimonio en el que ambos cónyuges trabajan, podría tener que hacer el cálculo dos veces - una por cada cónyuge con su respectivo ingreso. Esta calculadora sólo provee un cálculo aproximado de sus beneficios.
En las calculaciones se utiliza el límite de ingreso FICA (Ley de la Contribución Federal al Seguro Social) de $132,900 con un beneficio anual máximo del Seguro Social de $34,332 ($2,861 por mes) para una persona soltera, y esa cantidad multiplicada por 1.5 para un matrimonio. Para recibir el beneficio máximo, usted tendría que haber ganado el salario máximo FICA por casi toda su carrera. También tendría que comenzar a recibir beneficios a su plena edad de jubilación de 66 ó 67 años (dependiendo de su fecha de nacimiento). Esta calculadora redondea su plena edad de jubilación para recibir beneficios del Seguro Social al siguiente año completo. Si su fecha de nacimiento es entre 1955 y 1959, el Seguro Social considera que su plena edad de jubilación es 66 más dos meses por cada año después de 1954. Su beneficio real podría ser menor o mayor, dependiendo de su historial de trabajo y las reglas completas de compensación que usa el Seguro Social.
These changes affect the following calculators:
| Category | Name | HTML File Changed |
|---|---|---|
| Investment | Inflationary Millionaires | InflationMillionaire.html |
| Inflation and Consumer Prices Calculator | InflationPrice.html | |
| Inflation - Historic Impact on Investments | InflationHistory.html |
How taxes are applied to an investment can make an incredible difference. Starting in 2009 all Canadians 18 and older have a new option to save where all earnings and withdrawals are tax free. As of January 2019 you are able to contribute up to $6,000 per year to a Tax Free Savings Account (TFSA) and make tax free withdrawals at any time for any purpose. This calculator is designed to help compare a normal taxable investment to a TFSA and a RRSP.