2019

2019 INCOME TAX RATES

2019 SINGLE INDIVIDUALS
Taxable Income      
Over   But Not Over   Pay + % on Excess of the amount over  
$0 -- 9,700   $0   10% $0  
9,700 -- 39,475   970.00   12% 9,700  
39,475 -- 84,200   4,543.00   22% 39,475  
84,200 -- 160,725   14,382.50   24% 84,200  
321,450 -- 408,200   65,497.00   32% 321,450  
160,725 -- 204,100   32,748.50   32% 160,725  
204,100 -- 510,300   46,628.50   35% 204,100  
510,300 -- . . . .   153,798.50   37% 510,300  
2019 MARRIED INDIVIDUALS FILING JOINTLY AND SURVIVING SPOUSES
Taxable Income    
Over   But Not Over   Pay + % on Excess of the amount over  
$0 -- 19,400   $0   10% $0  
19,400 -- 78,950   1,940.00   12% 19,400  
78,950 -- 168,400   9,086.00   22% 78,950  
168,400 -- 321,450   28,765.00   24% 168,400  
321,450 -- 408,200   65,497.00   32% 321,450  
408,200 -- 612,350   93,257.00   35% 408,200  
612,350 -- . . . .   164,709.50   37% 612,350  
2019 MARRIED INDIVIDUALS FILING SEPARATELY
Taxable Income      
Over   But Not Over   Pay + % on Excess of the amount over  
$0 -- 9,700   $0   10% $0  
9,700 -- 39,475   970.00   12% 9,700  
39,475 -- 84,200   4,543.00   22% 39,475  
84,200 -- 160,725   14,382.50   24% 84,200  
160,725 -- 204,100   32,748.50   32% 160,725  
204,100 -- 306,175   46,628.50   35% 204,100  
306,175 -- . . . .   82,354.75   37% 306,175  
2019 HEADS OF HOUSEHOLDS
Taxable Income    
Over   But Not Over   Pay  + % on Excess of the amount over  
$0 -- 13,850   $0   10% $0  
13,850 -- 52,850   1,385.00   12% 13,850  
52,850 -- 84,200   6,065.00   22% 52,850  
84,200 -- 160,700   12,962.00   24% 84,200  
160,700 -- 204,100   31,322.00   32% 160,700  
204,100 -- 510,300   45,210.00   35% 204,100  
510,300 -- . . . .   152,380.00   37% 510,300  
2019 NET INVESTMENT INCOME TAX

The net investment income tax is applied at a rate of 3.8%.

Individuals

Applied to the lesser of:

  • the net investment income, or
  • the excess of modified adjusted gross income over the following threshold amounts:
    • $250,000 for married filing jointly or qualifying widow(er) with dependent child
    • $125,000 for married filing separately
    • $200,000 in all other cases

Estates & Trusts

Applied to the lesser of:

  • the undistributed net investment income, or
  • the excess of:
    • the adjusted gross income over $12,750
2019 ADDITIONAL MEDICARE TAX
The additional Medicare tax is applied at a rate of 0.9%.
Filing Status Threshold Amount
Married filing jointly $250,000
Married filing separately $125,000
Single, Head of household, or Qualifying widow(er) $200,000
2019 LONG-TERM CAPITAL GAINS RATES
Maximum Long-Term
Capital Gain Tax Rate		 Single Married Filing Jointly Head of
Household		 Married Filing
Separately		 Trusts and Estates
0% $0 $39,375 $0 $78,750 $0 $52,750 $0 $39,375 $0 $2,650
15% $39,376 $434,550 $78,751 $488,850 $52,751 $461,700 $39,376 $244,425 $2,651 $12,950
20% $434,551 or more $488,851 or more $461,701 or more $244,426 or more $12,951 or more
 
25% IRC Section 1250 depreciation recapture
28% Collectibles
2019 CORPORATE INCOME TAX RATES
Taxable Income      
Over   But Not Over   Pay + % on Excess of the amount over  
$0  -- No limit   $0   21% $0  
2019 ESTATES AND NON-GRANTOR TRUSTS INCOME TAX RATES
Taxable Income
Over   But Not Over Pay + % on Excess of the amount over  
$0  -- 2,600 $0   10% $0  
2,600  -- 9,300 260.00   24% 2,600  
9,300  -- 12,750 1,868.00   35% 9,300  
12,750  -- . . . . 3,075.50   37% 12,750  
 
2019 STANDARD DEDUCTIONS
Standard Deduction*:
Single $12,200
Married filing jointly/ Qualifying widow $24,400
Married filing separately $12,200
Head of household $18,350

*increased by:

$1,300 for each married taxpayer age 65 or older or blind ($2,600 if both 65 and blind);

$1,650 for a single taxpayer age 65 or older or blind ($3,300 if both 65 and blind).
2019 RETIREMENT PLAN CONTRIBUTION LIMITS & PHASE-OUTS
Elective deferrals 401(k), 403(b), 457, and SARSEPS $19,000
Catch-up contribution
 $6,000
Defined contribution limit $56,000
Defined benefit limit $225,000
SIMPLE plan elective deferral limit $13,000
SIMPLE catch-up contribution
 $3,000
Maximum includible compensation $280,000
Highly compensated employee
Look-back to 2016
 $120,000
Look-back to 2017
 $120,000
Key employee (top-heavy plan) greater than $180,000
SEP participation limit $600
IRA or Roth IRA contribution limit $6,000
IRA or Roth IRA catch-up contribution $1,000
IRA deduction phaseout for active participants
Single, head of household
 $64,000 - $74,000
Married individuals filing jointly
 $103,000 - $123,000
Married individuals filing separately
 $0 - $10,000
Spousal IRA
 $193,000 - $203,000
Roth IRA phaseout
Single, head of household
 $122,000 - $137,000
Married filing jointly
 $193,000 - $203,000
Married filing separately
 $0 - $10,000
2019 ESTATE AND GIFT TAX RATES & EXEMPTIONS
Applicable credit amount for gift/estate taxes $4,505,800
Applicable exclusion amount $11,400,000
Maximum estate/gift tax rate 40%
Generation-Skipping Transfer Tax (GSTT) Rate 40%
Gift tax annual exclusion $15,000
2019 SOCIAL SECURITY WAGE BASE & EARNINGS LIMITS
Wage base $132,900
Earnings limitations:
Below Full Retirement Age
 $17,640
Year attaining Full Retirement Age
 $46,920
SOCIAL SECURITY FULL RETIREMENT AGES
Year of Birth Social Security Full Retirement Age
1943 - 1954 66
1955 66 and 2 months
1956 66 and 4 months
1958 66 and 8 months
1959 66 and 10 months
1960 and later 67
2019 HEALTH SAVINGS ACCOUNT LIMITS
High-Deductible Health Plan Minimum Deductible Amounts
Single
 $1,350
Family
 $2,700
High-Deductible Health Plan Maximum Out-of-Pocket Limits
Single
 $6,750
Family
 $13,500
Health Savings Account Contribution Maximums
Single
 $3,500
Family
 $7,000
Catch-Up Contributions (age 55 or older)
 $1,000
2019 EDUCATION PHASE OUTS
EE bonds for education - exclusion phase outs
Single
 $81,100 - $96,100
Married filing jointly
 $121,600 - $151,600
Coverdell Education Savings Account - contribution phase outs
Single
 $95,000 - $110,000
Married filing jointly
 $190,000 - $220,000
Lifetime Learning Credit - AGI phase outs
Single
 $58,000 - $68,000
Married filing jointly
 $116,000 - $136,000
American Opportunity Tax credit - AGI phase outs
Single
 $80,000 - $90,000
Married filing jointly
 $160,000 - $180,000
Education loan interest deduction - AGI phase outs
Single
 $70,000 - $85,000
Married filing jointly
 $140,000 - $170,000
2019 ALTERNATIVE MINIMUM TAX (AMT) EXEMPTIONS, PHASE OUTS AND RATES
Filing Status Exemption AMTI Phase Out
Single individuals $71,700 $510,300
Married individuals filing jointly $111,700 $1,020,600
Married individuals filing separately $55,850 $510,300
Trusts and estates $25,000 $83,500
2019 AMT RATES
MFJ or Single - AMTI up to $194,800 26%
MFJ or Single - AMTI over $194,800 28%
MFS - AMTI up to $97,400 26%
MFS - AMTI over $97,400 28%
2019 CHILD TAX CREDIT
Modified AGI Beginning Phase-Out Range for Child Tax Credit
  Single, Head of household or Married filing separately $200,000
  Married Filing Jointly $400,000
Phase-out complete when MAGI exceeds applicable threshold by $40,000 per child