Tax Info - 2019

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 Blink 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+