2019 Tax Rates - Single Taxpayers - Standard Deduction $12,200 |
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| 10% | 0 to $9,700 | 12% | $9,700 to $39,475 | 22% | $39,475 to $84,200 | 24% | $84,200 to $160,725 | 32% | $160,725 to $204,100 | 35% | $204,100 to $510,300 | 37% | Over $510,300 | 2019 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $24,400 | 10% | 0 to $19,400 | 12% | $19,400 to $78,950 | 22% | $78,950 to $168,400 | 24% | $168,400 to $321,450 | 32% | $321,450 to $408,200 | 35% | $408,200 to $612,350 | 37% | Over $612,350 | 2019 Tax Rates - Married Filing Separately - Standard Deduction $12,200 | 10% | 0 to $9,700 | 12% | $9,700 to $39,475 | 22% | $39,475 to $84,200 | 24% | $84,200 to $160,725 | 32% | $160,725 to $204,100 | 35% | $204,100 to $306,175 | 37% | Over $306,175 | 2019 Tax Rates - Head of Household - Standard Deduction $18,350 | 10% | 0 to $13,850 | 12% | $13,850 to $52,850 | 22% | $52,850 to $84,200 | 24% | $84,200 to $160,700 | 32% | $160,700 to $204,100 | 35% | $204,100 to $510,300 | 37% | Over $510,300 | 2019 Tax Rates - Estates & Trusts | 10% | 0 to $2,600 | 24% | $2,600 to $9,300 | 35% | $9,300 to $12,750 | 37% | Over $12,750 |
Social Security | 2019 Tax Rates | Social Security Tax Rate: Employers | 6.2% | Social Security Tax Rate: Employees | 6.2% | Social Security Tax Rate: Self-Employed | 15.3% | Maximum Taxable Earnings | $132,900 | Medicare Base Salary | Unlimited | Medicare Tax Rate: Employers | 1.45% | Medicare Tax Rate: Employees | 1.45% | Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) | 0.9% | Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) | 3.8% |
Miscellaneous | 2019 Tax Rates | Business expensing limit: Cap on equipment purchases | $2,550,000 | Business expensing limit: New and Used Equipment and Software | $1,020,000 | Qualified Business Income threshold amount: | $160,700 (single and head of household); $321,400 (married filing joint return) | Qualified Small Employer Health Reimbursement Arrangement limit: | $5,150 (single coverage); $10,450 (family coverage) | Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2018 tax liability | Standard mileage rate for business driving | 58 cents | Standard mileage rate for medical driving | 20 cents | Standard mileage rate for moving driving - Members of the Armed Forces on active duty who move because of a permanent change of station | 20 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 | $1,100 | Maximum capital gains tax rate for taxpayers with income up to $39,375 for single filers, $78,750 for married filing jointly | 0% | Maximum capital gains tax rate for taxpayers with income above $39,375 for single filers, $78,750 for married filing jointly | 15% | Maximum capital gains tax rate for taxpayers with income above $434,550 for single filers, $488,850 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 | $6,000 if under age 50
$7,000 if 50 or older | Maximum employee contribution to SIMPLE IRA | $13,000 if under age 50
$16,000 if 50 or older | Maximum Contribution to SEP IRA | 25% of eligible compensation
up to $56,000 | 401(k) maximum employee contribution limit | $19,000 if under age 50
$25,000 if 50 or older | Estate tax exemption | $11,400,000 | Annual Exclusion for Gifts | $15,000 |
Education | 2019 Tax Rates | American Opportunity Credit (Hope) | $2,500 | Lifetime Learning Credit | $2,000 | Student Loan Interest Deduction | $2,500 | Coverdell Education Savings Contribution | $2,000 | Source: IRS Revenue Procedure 2018-57 |
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