2019 Tax Rates

Single Taxpayers - 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
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
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
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
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
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
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 $40,000 for single filers, $80,000 for married filing jointly 0%
Maximum capital gains tax rate for taxpayers with income above $40,000 for single filers, $80,000 for married filing jointly 15%
Maximum capital gains tax rate for taxpayers with income above $441,450 for single filers, $496,600 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
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 2020 income tax returns
Continental U.S. 2019-20 Tax Rates (July 1, 2019-June 30, 2020)
For each breakfast $1.33
For each lunch or supper $2.49
For each snack (up to 3 per day for each child) $0.74
Alaska 2019-20 Tax Rates (July 1, 2019-June 30, 2020)
For each breakfast $2.12
For each lunch or supper $4.04
For each snack (up to 3 per day for each child) $1.20
Hawaii 2019-20 Tax Rates (July 1, 2019-June 30, 2020)
For each breakfast $1.54
For each lunch or supper $2.92
For each snack (up to 3 per day for each child) $0.87
Source: Federal Register

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