See the Tax Rates for 2019.
| 2019 Tax Rates - Single Taxpayer - 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 $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 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, or $7,000 if age 50 or older |
| Maximum employee contribution to SIMPLE IRA | $13,000 if under age 50 or $16,000 if age 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 or $25,000 if age 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 | |
| Standard Meal Rates for Family Child Care Providers for 2018 income tax returns | ||
|---|---|---|
| Continental U.S. | 2018-19 Tax Rates (July 1, 2018-June 30, 2019) | |
| For each breakfast | $2.09 | |
| For each lunch or supper | $3.99 | |
| For each snack (up to 3 per day for each child) | $1.19 | |
| Hawaii | 2018-19 Tax Rates (July 1, 2018-June 30, 2019) | |
| For each breakfast | $1.53 | |
| For each lunch or supper | $2.88 | |
| For each snack (up to 3 per day for each child) | $0.86 | |
| Source: Federal Register | ||
