Tax Rates

Single Taxable Income 2019
Over Not Over    %
 $        0 $   9,700  10%
      9,701    39,475  12%
    39,476    84,200  22%
    84,201  160,725  24%
  160,726  204,100  32%
  204,101  510,300  35%
  510,301+   ———  37%
 

 

Married Taxable Income 2019
Over Not Over    %
$          0  $ 19,400  10%
    19,401     78,950  12%
    78,951   168,400  22%
  168,401   321,450  24%
  321,451   408,200  32%
  408,201   612,350  35%
  612,351+    ———  37%

    

2019 Tax Facts:
Exemption

 

The personal exemption is repealed.

 

Standard Deduction – Single

 

$12,200 single

 

Standard Deduction – Married

 

$24,400 married
 

Long Term Capital Gains Rate

 

20% max

 

Qualified Dividend Rate

 

20% max

 

 Estate Tax Exclusion

 

>$11.4 million per person

(inflation adjustment)

Annual Gift Exclusion

 

$15,000