Total Profit/Loss

Tax brackets 2019

The tax items for tax year 2019 of greatest interest to most taxpayers include the following dollar amounts:

The standard deduction for married filing jointly rises to $24,400 for tax year 2019, up $400 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,200 for 2019, up $200, and for heads of households, the standard deduction will be $18,350 for tax year 2019, up $350.

The personal exemption for tax year 2019 remains at 0, as it was for 2018, this elimination of the personal exemption was a provision in the Tax Cuts and Jobs Act.


The top rate

37% for individual single taxpayers with incomes greater than $510,300 ($612,350 for married couples filing jointly).


The other rates are:

35% for incomes over $204,100 ($408,200 for married couples filing jointly);

32% for incomes over $160,725 ($321,450 for married couples filing jointly);

24% for incomes over $84,200 ($168,400 for married couples filing jointly);

22% for incomes over $39,475 ($78,950 for married couples filing jointly);

12% for incomes over $9,700 ($19,400 for married couples filing jointly).


The lowest rate

10% for incomes of single individuals with incomes of $9,700 or less ($19,400 for married couples filing jointly).


Where did these numbers come from?
Learn more at the IRS.gov website. IRS provides tax inflation adjustments for tax year 2019