The IRS has released some updated rates and information for 2019, including tax rates adjusted for inflation. If you like that sort of thing, you can read all about it here. For a brief synopsis of the new tax tables for individual, we have them here and below. Yes, that is a brief synopsis. Have no fear, however; this is why we’re here. If you have any questions or notice you are near one of the income limits, we would love to hear from you.
2019 INDIVIDUAL INCOME TAX BRACKETS
(A) MARRIED INDIVIDUALS FILING JOINT RETURNS AND SURVIVING SPOUSES
| If taxable income is: | The tax is: |
| Not over $19,400 | 10% of taxable income. |
| Over $19,400 but not over $78,950 | $1,940 plus 12% of the excess over $19,400. |
| Over $78,950 but not over $168,400 | $9,086 plus 22% of the excess over $78,950. |
| Over $168,400 but not over $321,450 | $28,765 plus 24% of the excess over $168,400. |
| Over $321,450 but not over $408,200 | $65,497 plus 32% of the excess over $321,450. |
| Over $408,200 but not over $612,350 | $93,257 plus 35% of the excess over $408,200. |
| Over $612,350 | $164,710 plus 37% of the excess over $612,350. |
(B) HEADS OF HOUSEHOLDS
| If taxable income is: | The tax is: |
| Not over $13,850 | 10% of taxable income. |
| Over $13,850 but not over $52,850 | $1,385 plus 12% of the excess over $13,850. |
| Over $52,850 but not over $84,200 | $6,065 plus 22% of the excess over $52,850. |
| Over $84,200 but not over $160,700 | $12,962 plus 24% of the excess over $84,200. |
| Over $160,700 but not over $204,100 | $31,322 plus 32% of the excess over $160,700. |
| Over $204,100 but not over $510,300 | $45,210 plus 35% of the excess over $204,100. |
| Over $510,300 | $152,380 plus 37% of the excess over $510,300. |
(C) UNMARRIED INDIVIDUALS OTHER THAN SURVIVING SPOUSES AND HEADS OF HOUSEHOLDS
| If taxable income is: | The tax is: |
| Not over $9,700 | 10% of taxable income. |
| Over $9,700 but not over $39,475 | $970 plus 12% of the excess over $9,700. |
| Over $39,475 but not over $84,200 | $4,543 plus 22% of the excess over $39,475. |
| Over $84,200 but not over $160,725 | $14,383 plus 24% of the excess over $84,200. |
| Over $160,725 but not over $204,100 | $32,749 plus 32% of the excess over $160,725. |
| Over $204,100 but not over $510,300 | $46,629 plus 35% of the excess over $204,100. |
| Over $510,300 | $153,799 plus 37% of the excess over $510,300. |
(D) MARRIED INDIVIDUALS FILING SEPARATE RETURNS
| If taxable income is: | The tax is: |
| Not over $9,700 | 10% of taxable income. |
| Over $9,700 but not over $39,475 | $970 plus 12% of the excess over $9,700. |
| Over $39,475 but not over $84,200 | $4,543 plus 22% of the excess over $39,475. |
| Over $84,200 but not over $160,725 | $14,383 plus 24% of the excess over $84,200. |
| Over $160,725 but not over $204,100 | $32,748 plus 32% of the excess over $160,725. |
| Over $204,100 but not over $306,175 | $46,628 plus 35% of the excess over $204,100. |
| Over $306,175 | $82,355 plus 37% of the excess over $306,175 |
-Heritage Accounting and Tax Services
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