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 $10,300

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

33%

$321,450 to $408,200

35%

$408,200 to $612,350

39.6%

Over $612,350

2019 Tax Rates - Married Filing Separately - Standard Deduction $12,200

10%

0 to $9,700

12%

$9,525 to $39,475

22%

$39,475 to $84,200

24%

$84,200 to $160,725

32%

$160,726 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

2019 Tax Rates

Social Security

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

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%

2018 Tax Rates

Miscellaneous

Personal Exemption

none for 2019

Business expensing deduction limit: Cap on equipment purchases

$2,550,000

Business expensing deduction 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 2019 tax liability

Standard mileage rate for business driving

58 cents

Standard mileage rate for medical/moving

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 in the 10% or 15% bracket

0%

Maximum capital gains tax rate for taxpayers above the 15% bracket but below 39.6%

15%

Maximum capital gains tax rate for taxpayers in the 39.6% bracket

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

2019 Tax Rates

Education

American Opportunity Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000