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:

  • Married filing jointly or Qualifying Widow(er)

$24,400

  • Head of household

$18,350

  • Single or Married filling separately

$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
$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 compensation up to $55,000

401(k) maximum employee contribution limit

$19,000 if under age 50
$25,000 if 50 or older

Self-employed health insurance deduction

100%

Estate tax exemption

$11,400,000

Annual Exclusion for Gifts

$15,000

Foreign Earned Income Exclusion

$105,900