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Look up your 2019 tax bracket, deductions, exemptions, retirement limits, HSAs, payroll tax, and more.

Tax strategies

Your Business and Individual Tax Rates for 2019

  • 12/7/2018

The IRS has announced the annual inflation adjustments for the 2019 federal tax rates. Businesses and individuals can use this tax table to prepare 2019 tax returns in 2020.

Download the 2019 tax guide.

Compare the 2019 information to the 2018 tax rates, and reference it as you prepare for and make decisions throughout the year.

Filing Rates
Individual Tax Rate Filing Status
Married Filing Jointly (MFJ) Single Married Filing Separately Head of Household
10% Up to $19,400 Up to $9,700 Up to $9,700 Up to $13,850
12% $19,401 – $78,950 $9,701 – $39,475 $9,701 – $39,475 $13,851 – $52,850
22% $78,951 – $168,400 $39,476 – $84,200 $39,476 – $84,200 $52,851 – $84,200
24% $168,401 – $321,450 $84,201 – $160,725 $84,201 – $160,725 $82,201 – $160,700
32% $321,451 – $408,200 $160,726 – $204,100 $160,726 – $204,100 $160,701 – $204,100
35% $408,201 – $612,350 $204,101 – $510,300 $204,101 – $306,175 $204,101 – $510,300
37% More than $612,350 More than $510,300 More than $306,175 More than $510,300
Standard Deduction
Standard deduction — single and married filing separately $12,200
Additional deduction age 65 or older — single $1,650
Standard deduction — married filing jointly $24,400
Additional deduction age 65 or older — married filing jointly and married filing separately $1,300
Standard deduction — head of household $18,350
Additional deduction age 65 or older — head of household $1,650

Note: The personal exemption was suspended by the Tax Cuts and Jobs Act of 2017 for the tax years 2018 to 2025.

Retirement Plans
Maximum annual benefit for defined benefit plan Up to $225,000
Defined contribution annual addition $56,000
Defined contribution compensation limit $280,000
401(k) maximum exclusion $19,000
401(k) catch-up contribution (for individuals 50 or older) $6,000
SIMPLE contribution limit $13,000
SIMPLE catch-up contribution (for individuals 50 or older) $3,000
IRA contribution limitation (in general) $6,000
IRA catch-up contribution (for individuals 50 or older) $1,000
Payroll Taxes
Social Security (self-employed) combined rate (OASDI + Medicare) (6.2% + 1.45%) x 2 = 15.3%
Social Security (employee) rate (OASDI + Medicare) (6.2% + 1.45%) = 7.65%
OASDI contribution base $132,900
Medicare contribution base Unlimited
Additional Medicare payroll tax on earnings more than $200,000 (single) and $250,000 (combined, married filing jointly) 0.9%
FUTA wage base $7,000
FUTA rate 6%
Social Security
Maximum earned income while receiving Social Security  Under full retirement age $17,640
In the year you reach full retirement age $46,920
Full retirement age No limit
Education Phase-Outs
American Opportunity Credit (formerly Hope Credit) MFJ: $160,000 – $180,000
Other filers: $80,000 – $90,000
Lifetime Learning Credit MFJ: $116,000 – $136,000
Other filers: $58,000 – $68,000
Student loan interest deduction MFJ: $140,000 – $170,000
Single: $70,000 – $85,000
Health Savings Accounts
HSA contribution limit (single insurance coverage) $3,500
HSA contribution limit (family insurance coverage) $7,000
HSA catch-up contribution (age 55 or older) $1,000
179 Limitation, Gift and Estate Tax Exclusions, and Kiddie Tax
Section 179 limitation $1,020,000
Annual gift tax exclusion $15,000
Estate tax exclusion amount $11,400,000
 
Travel
High cost per diem travel rate within continental United States (high/low method) $287
Low cost per diem travel rate within continental United States (high/low method) $195

Download the 2019 Tax Guide
View the tax rates from previous years:

How we can help

As your needs evolve, contact your advisor at each step to see how these rates might apply to your business, estate, or personal situation.