Marginal Ordinary Income Tax Rates
Single
| Rate | Over | To |
|---|---|---|
| 10% | 0 | 9,700 |
| 12% | 9,700 | 39,475 |
| 22% | 39,475 | 84,200 |
| 24% | 84,200 | 160,725 |
| 32% | 160,725 | 204,100 |
| 35% | 204,100 | 510,300 |
| 37% | 510,300 |
Head of Household
| Rate | Over | To |
|---|---|---|
| 10% | 0 | 13,850 |
| 12% | 13,850 | 52,850 |
| 22% | 52,850 | 84,200 |
| 24% | 84,200 | 160,700 |
| 32% | 160,700 | 204,100 |
| 35% | 204,100 | 510,300 |
| 37% | 510,300 |
Married Filing Jointly & Qualifying Widow(er)
| Rate | Over | To |
|---|---|---|
| 10% | 0 | 19,400 |
| 12% | 19,400 | 78,950 |
| 22% | 78,950 | 168,400 |
| 24% | 168,400 | 321,450 |
| 32% | 321,450 | 408,200 |
| 35% | 408,200 | 612,350 |
| 37% | 612,350 |
Married Filing Separately
| Rate | Over | To |
|---|---|---|
| 10% | 0 | 9,700 |
| 12% | 9,700 | 39,475 |
| 22% | 39,475 | 84,200 |
| 24% | 84,200 | 160,725 |
| 32% | 160,725 | 204,100 |
| 35% | 204,100 | 306,175 |
| 37% | 306,175 |
Standard Deduction
Filing Status
Amount
Single
$12,200
Head of Household
$18,350
Married Filing Joint/Qualifying Widow(er)
$24,400
Marrifed Filing Separate
$12,200
Additional Standard Deduction if Blind or Age 65+
Amount
Single
$1,650
Head of Household
$1,650
Married Filing Joint/Qualifying Widow(er)
$1,300
Marrifed Filing Separate
$1,300
Standard Deduction For Dependents
Amount
Regular Amount
$1,100
Maximum amount earned plus $350 up to allowed standard deduction based upon filing status
Personal Exemptions
For 2019-2025, the personal exemption has been suspended; personal exemption is $0.
Phaseout of Personal Exemptions for 2019
Filing Status
Phaseout Begins
Phaseout Ends
Married Filing Joint
N/A
N/A
Qualifying Widow(er)
N/A
N/A
Head of Household
N/A
N/A
Single
N/A
N/A
Married Filing Separately
N/A
N/A
Child Tax Credit
The child tax credit is $2,000 per qualifying child. The refundable portions (additional child tax credit)
is $1,400. The credit begins to phase-out at modified adjusted income of $400,000 for married filing joint (
$200,000 for all others).
Capital Gains - Long Term and Short Term
Type of Asset
Short-Term Tax Rate
Long-Term Tax Rate
Net Investment Income Tax (NIIT)
Collectibles
Ordinary Tax Rates
28%
Potential 3.8%
Depreciation Recapture
Ordinary Tax Rates
25%
Potential 3.8%
Qualified Small Bus Stock
Ordinary Tax Rates
28% after exclusion
Potential 3.8%
Other Capital Assets
Ordinary Tax Rates
(See table below)
Potential 3.8%
LTCG Rate
0%
15%
20%
Single
$0-$39,375
$39,376-$434,550
$434,551+
MFJ
$0-$78,750
$78,751-$488,850
$488,851+
H of H
$0-$52,750
$52,750-$461,700
$461,701+
MFS
$0-$39,375
$39,376-$244,425
$244,426+