2019 Tax Rates Schedule X - Single |
||
If taxable income is over |
But not over |
The tax is |
---|---|---|
$0 |
$9,700 |
10% of the taxable amount |
$9,700 |
$39,475 |
$970.00 plus 12% of the excess over $9,700 |
$39,475 |
$84,200 |
$4,543.00 plus 22% of the excess over $39,475 |
$84,200 |
$160,725 |
$14,382.50 plus 24% of the excess over $84,200 |
$160,725 |
$204,100 |
$32,748.50 plus 32% of the excess over $160,725 |
$204,100 |
$510,300 |
$46,628.50 plus 35% of the excess over $204,100 |
$510,300 |
no limit |
$153,798.50 plus 37% of the excess over $510,300 |
2019 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
||
If taxable income is over |
But not over |
The tax is |
---|---|---|
$0 |
$19,400 |
10% of the taxable amount |
$19,400 |
$78,950 |
$1,940.00 plus 12% of the excess over $19,400 |
$78,950 |
$168,400 |
$9,086.00 plus 22% of the excess over $78,950 |
$168,400 |
$321,450 |
$28,765.00 plus 24% of the excess over $168,400 |
$321,450 |
$408,200 |
$65,497.00 plus 32% of the excess over $321,450 |
$408,200 |
$612,350 |
$164,709.50 plus 35% of the excess over $408,200 |
$612,350 |
no limit |
$153,798.50 plus 37% of the excess over $612,350 |
2019 Tax Rates Schedule Y-2 - Married Filing Separately |
||
If taxable income is over |
But not over |
The tax is |
---|---|---|
$0 |
$9,700 |
10% of the taxable amount |
$9,700 |
$39,475 |
$970.00 plus 12% of the excess over $9,700 |
$39,475 |
$84,200 |
$4,543.00 plus 22% of the excess over $39,475 |
$84,200 |
$160,725 |
$14,382.50 plus 24% of the excess over $84,200 |
$160,725 |
$204,100 |
$32,748.50 plus 32% of the excess over $160,725 |
$204,100 |
$306,175 |
$46,628.50 plus 35% of the excess over $204,100 |
$306,175 |
no limit |
$82,354.75 plus 37% of the excess over $306,175 |
2019 Tax Rates Schedule Z - Head of Household |
||
If taxable income is over |
But not over |
The tax is |
---|---|---|
$0 |
$13,850 |
10% of the taxable amount |
$13,850 |
$52,850 |
$1,385.00 plus 12% of the excess over $13,850 |
$52,850 |
$84,200 |
$6,065.00 plus 22% of the excess over $52,850 |
$84,200 |
$160,700 |
$12,962.00 plus 24% of the excess over $84,200 |
$160,700 |
$204,100 |
$31,322.00 plus 32% of the excess over $160,700 |
$204,100 |
$510,300 |
$45,210.00 plus 35% of the excess over $204,100 |
$510,300 |
no limit |
$152,380.00 plus 37% of the excess over $510,300 |
2019 Tax Rates Estates & Trusts |
||
If taxable income is over |
But not over |
The tax is |
---|---|---|
$0 |
$2,600 |
10% of the taxable income |
$2,600 |
$9,300 |
$260.00 plus 24% of the excess over $2,600 |
$9,300 |
$12,750 |
$1,868.00 plus 35% of the excess over $9,300 |
$12,750 |
no limit |
$3,075.50 plus 37% of the excess over $12,750 |
Social Security 2019 Tax Rates |
|
Base Salary |
$132,900 |
Social Security Tax Rate |
6.20% |
Maximum Social Security Tax |
$8,239.80 |
Medicare Base Salary |
unlimited |
Medicare Tax Rate |
1.45% |
Additional Medicare 2019 Tax Rates |
|
Additional Medicare Tax |
0.90% |
Filing status |
Compensation over |
Married filing jointly |
$250,000 |
Married filing separate |
$125,000 |
Single |
$200,000 |
Head of household (with qualifying person) |
$200,000 |
Qualifying widow(er) with dependent child |
$200,000 |
Education 2019 Credit and Deduction Limits |
|
American Opportunity Tax Credit (Hope) |
$2,500 |
Lifetime Learning Credit |
$2,000 |
Student Loan Interest Deduction |
$2,500 |
Coverdell Education Savings Contribution |
$2,000 |
Miscellaneous 2019 Tax Rates |
|
Standard Deduction: |
|
|
$24,400 |
|
$18,350 |
|
$12,200 |
Business Equipment Expense Deduction |
$1,020,000 |
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/moving driving |
20 cents |
Standard mileage rate for charitable driving |
14 cents |
Child Tax Credit |
$2,000 per qualifying child |
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $78,750 for joint filers and surviving spouses, $52,750 for heads of household, $39,375 for single filers, $39,375 for married taxpayers filing separately, and $2,650 for estates and trusts |
0% |
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $488,850 for joint filers and surviving spouses, $461,700 for heads of household, $434,550 for single filers, $244,425 for married taxpayers filing separately, and $12,950 for estates and trusts |
15% |
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $488,850 for joint filers and surviving spouses, $461,700 for heads of household, $434,550 for single filers, $244,425 for married taxpayers filing separately, and $12,950 for estates and trusts |
20% |
Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
Capital gains tax rate on collectibles and qualified small business stock |
28% |
Maximum contribution for Traditional/Roth IRA |
$6,000 if under age 50 |
Maximum employee contribution to SIMPLE IRA |
$13,000 if under age 50 |
Maximum Contribution to SEP IRA |
25% of compensation up to $55,000 |
401(k) maximum employee contribution limit |
$19,000 if under age 50 |
Self-employed health insurance deduction |
100% |
Estate tax exemption |
$11,400,000 |
Annual Exclusion for Gifts |
$15,000 |
Foreign Earned Income Exclusion |
$105,900 |