2019 Federal Tax Rates, Personal Exemptions, & Standard Deductions
Published:IRS Tax Brackets & Deduction Amounts for Tax Year 2019
This article gives you the tax rates and related numbers that you will need to prepare your 2019 income tax return. In general, 2019 personal income tax returns are due by Monday, April 15, 2020.
The federal tax brackets are broken down into seven taxable incomes and filing status. The percentages are: 10%, 12%, 22%, 24%, 32%, 35% and 37%.
It is good to remember that moving up into a higher tax bracket does not mean that all of your income will be taxes at the higher rate. In actuality only the money that is earned within a particular bracket is subject to the corresponding rate. Please see the table below.
2019 Federal Income Tax Brackets
Single
Taxable Income | Tax Rate |
$0 to $9,700 | 10% |
$9,701 to $39,475 | 12% |
$39,476 to $84,200 | 22% |
$84,201 to $160,725 | 24% |
$160,726 to $204,100 | 32% |
$204,101 to $510,300 | 35% |
$510,301 or more | 37% |
Married Filing Jointly
Taxable Income | Tax Rate |
$0 to $19,400 | 10% |
$19,401 to $78,950 | 12% |
$78,951 to $168,400 | 22% |
$168,401 to $321,450 | 24% |
$321,451 to $408,200 | 32% |
$408,201 to $612,350 | 35% |
$612,351 or more | 37% |
Married Filing Separately
Taxable Income | Tax Rate |
$0 to $9,700 | 10% |
$9,701 to $39,475 | 12% |
$39,476 to $84,200 | 22% |
$84,201 to $160,725 | 24% |
$160,726 to $204,100 | 32% |
$204,101 to $306,175 | 35% |
$306,176 or more | 37% |
Head of Household
Taxable Income | Tax Rate |
$0 to $13,850 | 10% |
$13,851 to $52,850 | 12% |
$52,851 to $84,200 | 22% |
$84,201 to $160,700 | 24% |
$160,701 to $204,100 | 32% |
$204,101 to $510,300 | 35% |
$510,301 or more | 37% |
2019 Federal Tax Deductions
There are two main types of tax deductions for 2019 and they are categorized as standard deductions and itemized deductions. The IRS allows you to claim one type of deduction, but you cannot claim both. The deductions are subtracted from your Adjusted Gross Income (AGI) and means they lower your taxable income.
Filing Status | Standard Deduction |
Single | $12,200 |
Married Filing Jointly or Qualifying Widow(er) | $24,400 |
Married Filing Separately | $12,200 |
Head of Household | $18,350 |
There is an additional deduction for people over the age of 65 and for those who are blind.
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