Tax Center
Tax Rates
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10% |
0 to $9,5255 |
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12% |
$9,526 to $38,700 |
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22% |
$38,701 to $82,500 |
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24% |
$82,501 to $157,500 |
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32% |
$157,501 to $200,000 |
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35% |
$200,001 to $500,000 |
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37% |
Over $500,001 |
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2019 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $24,400 |
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10% |
0 to $19,050 |
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12% |
$19,051 to $77,400 |
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22% |
$77,401 to $165,000 |
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24% |
$165,001 to $315,000 |
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32% |
$315,001 to $400,000 |
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35% |
$400,001 to $600,000 |
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37% |
Over $600,001 |
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2019 Tax Rates – Married Filing Separately – Standard Deduction $12,200 |
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10% |
0 to $9,525 |
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12% |
$9,526 to $38,700 |
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22% |
$38,701 to $82,500 |
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24% |
$82,501 to $157,500 |
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32% |
$157,501 to $200,000 |
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35% |
$200,001 to $300,000 |
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37% |
Over $300,001 |
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2019 Tax Rates – Head of Household – Standard Deduction $18,350 |
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10% |
0 to $13,600 |
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12% |
$13,601 to $51,800 |
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22% |
$51,801 to $82,500 |
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24% |
$82,501 to $157,500 |
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32% |
$157,501 to $200,000 |
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35% |
$200,001 to $500,000 |
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37% |
Over $500,001 |
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2019 Tax Rates – Estates & Trusts |
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10% |
0 to $2,550 |
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24% |
$2,551 to $9,150 |
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35% |
$9,151 to $12,500 |
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37% |
Over $12,500 |
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Social Security |
2019 Tax Rates |
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Social Security Tax Rate: Employers |
6.2% |
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Social Security Tax Rate: Employees |
6.2% |
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Social Security Tax Rate: Self-Employed |
12.4% |
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Maximum Taxable Earnings |
$132,900 |
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Medicare Base Salary |
Unlimited |
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Medicare Tax Rate |
1.45% |
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Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
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Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) |
3.8% |
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Miscellaneous |
2019 Tax Rates |
| Personal Exemption | $0 |
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Business expensing limit: Cap on equipment purchases |
$2,500,000 |
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Prior-year safe harbor for estimated taxes of higher-income |
110% of your 2018 tax liability |
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Standard mileage rate for business driving |
58 cents |
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Standard mileage rate for medical/moving driving |
20 cents |
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Standard mileage rate for charitable driving |
14 cents |
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Child Tax Credit |
$2,000 |
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Unearned income maximum for children under 19 before kiddie tax applies |
$1,100 |
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Maximum capital gains tax rate for taxpayers in the 0% or 12% bracket |
0% |
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Maximum capital gains tax rate for taxpayers above the 12% bracket but below the 20% bracket |
15% |
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Maximum capital gains tax rate for taxpayers in the 37% bracket |
20% |
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Capital gains tax rate for unrecaptured Sec. 1250 gains |
25% |
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Capital gains tax rate on collectibles |
28% |
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Maximum contribution for Traditional/Roth IRA |
$6,000 if under age 50 |
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Maximum employee contribution to SIMPLE IRA |
$13,000 if under age 50 |
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Maximum Contribution to SEP IRA |
25% of eligible compensation |
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401(k) maximum employee contribution limit |
$19,000 if under age 50 |
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Estate tax exemption |
$11,400,000 |
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Annual Exclusion for Gifts |
$15,000 |
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Education |
2019 Tax Rates |
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American Opportunity Credit (Hope) |
$2,500 |
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Lifetime Learning Credit |
$2,000 |
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Student Loan Interest Deduction |
$2,500 |
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Coverdell Education Savings Contribution |
$2,000 |
