IRS 2019 Tax Tables

See below for the IRS 2019 Tax Tables as well as prior year tax brackets

We will have the IRS 2019 Tax Tables once the IRS released them. We do currently have the estimated 2019 Tax Brackets which are for Tax Returns filed in 2019 for Tax Year 2019.

2019 Income Tax Brackets and Rates

In 2019, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). The top marginal income tax rate of 39.6 percent will hit taxpayers with taxable income of $418,400 and higher for single filers and $470,700 and higher for married couples filing jointly.

Table 1. Single Taxable Income Tax Brackets and Rates, 2019
Rate	Taxable Income Bracket	Tax Owed
10%	$0 to $9,325	10% of Taxable Income
15%	$9,325 to $37,950	$932.50 plus 15% of the excess over $9325
25%	$37,950 to $91,900	$5,226.25 plus 25% of the excess over $37,950
28%	$91,900 to $191,650	$18,713.75 plus 28% of the excess over $91,900
33%	$191,650 to $416,700	$46,643.75 plus 33% of the excess over $191,650
35%	$416,700 to $418,400	$120,910.25 plus 35% of the excess over $416,700
39.60%	$418,400+	$121,505.25 plus 39.6% of the excess over $418,400

Table 2. Married Filing Joint Taxable Income Tax Brackets and Rates, 2019
Rate	Taxable Income Bracket	Tax Owed
10%	$0 to $18,650	10% of taxable income
15%	$18,650 to $75,900	$1,865 plus 15% of the excess over $18,650
25%	$75,900 to $153,100	$10,452.50 plus 25% of the excess over $75,900
28%	$153,100 to $233,350	$29,752.50 plus 28% of the excess over $153,100
33%	$233,350 to $416,700	$52,222.50 plus 33% of the excess over $233,350
35%	$416,700 to $470,700	$112,728 plus 35% of the excess over $416,700
39.60%	$470,700+	$131,628 plus 39.6% of the excess over $470,700

Table 3. Head of Household Taxable Income Tax Brackets and Rates, 2019
Rate	Taxable Income Bracket	Tax Owed
10%	$0 to $13,350	10% of taxable income
15%	$13,350 to $50,800	$1,335 plus 15% of the excess over $13,350
25%	$50,800 to $131,200	$6,952.50 plus 25% of the excess over $50,800
28%	$131,200 to $212,500	$27,052.50 plus 28% of the excess over $131,200
33%	$212,500 to $416,700	$49,816.50 plus 33% of the excess over $212,500
35%	$416,700 to $444,500	$117,202.50 plus 35% of the excess over $416,701
39.60%	$444,550+	$126,950 plus 39.6% of the excess over $444,550
Source: IRS.

2019 Federal Tax Rates, Personal Exemptions, and Standard Deductions

IRS Tax Brackets & Deduction Amounts for Tax Year 2019

2016 Income Tax Brackets

The Federal income tax has 7 brackets: 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. The amount of tax you owe depends on your income level and filing status.

It’s important to understand that moving into a higher tax bracket does not mean that all of your income will be taxed at a higher rate. Instead, only the money that you earn within a particular bracket is subject to that particular tax rate.

Single

Taxable Income	Tax Rate
$0—$9,275	10%
$9,276—$37,650	$927.50 plus 15% of the amount over $9,275
$37,651—$91,150	$5,183.75 plus 25% of the amount over $37,650
$91,151—$190,150	$18,558.75 plus 28% of the amount over $91,150
$190,151—$ 413,350	$46,278.75 plus 33% of the amount over $190,150
$413,351—$415,050	$119,934.75 plus 35% of the amount over $413,350
$415,051 or more	$120,529.75 plus 39.6% of the amount over $415,050

Married Filing Jointly or Qualifying Widow(er)

Taxable Income	Tax Rate
$0—$18,550	10%
$18,551—$75,300	$1,855 plus 15% of the amount over $18,550
$75,301—$151,900	$10,367.50 plus 25% of the amount over $75,300
$151,901—$231,450	$29,517.50 plus 28% of the amount over $151,900
$231,451—$413,350	$51,791.50 plus 33% of the amount over $231,450
$413,351—$466,950	$111,818.50 plus 35% of the amount over $413,350
$466,951 or more	$130,578.50 plus 39.6% of the amount over $466,950

Married Filing Separately

Taxable Income	Tax Rate
$0—$9,275	10%
$9,276—$37,650	$927.50 plus 15% of the amount over $9,275
$37,651—$75,950	$5,183.75 plus 25% of the amount over $37,650
$75,951—$115,725	$14,758.75 plus 28% of the amount over $75,950
$115,726—$206,675	$25,895.75 plus 33% of the amount over $115,725
$206,676—$233,475	$55,909.25 plus 35% of the amount over $206,675
$233,476 or more	$65,289.25 plus 39.6% of the amount over $233,475

Head of Household

Taxable Income	Tax Rate
$0—$13,250	10%
$13,251—$50,400	$1,325 plus 15% of the amount over $13,250
$50,401—$130,150	$6,897.50 plus 25% of the amount over $50,400
$130,151—$210,800	$26,835 plus 28% of the amount over $130,150
$210,801—$413,350	$49,417 plus 33% of the amount over $210,800
$413,351—$441,000	$116,258.50 plus 35% of the amount over $413,350
$441,001 or more	$125,936 plus 39.6% of the amount over $441,000

2016 Personal Exemption Amounts

For tax year 2016, the personal exemption amount is $4,050 (compared to $4,000 in 2015).

You are allowed to claim one personal exemption for yourself and one for your spouse (if married). However, if somebody else can list you as a dependent on their tax return, you are not permitted to claim a personal exemption for yourself.

The personal exemption amount “phases out” for taxpayers with higher incomes. The Personal Exemption Phaseout (PEP) thresholds are as follows:

Filing Status	PEP Threshold Starts	PEP Threshold Ends
Single	$259,400	$381,900
Married Filing Jointly	$311,300	$433,800
Married Filing Separately	$155,650	$216,900
Head of Household	$285,350	$407,850

2016 Standard Deduction Amounts

There are two main types of tax deductions: the standard deduction and itemized deductions. You can claim one type of deduction on your tax return, but not both.

For example, if you claim the standard deduction, you cannot itemize deductions – and vice versa (if you itemize deductions, you cannot claim the standard deduction). You are allowed to use whichever type of deduction results in the lowest tax.

The standard deduction is subtracted from your Adjusted Gross Income (AGI), thereby reducing your taxable income. For tax year 2016, the standard deduction amounts are as follows:

Filing Status	Standard Deduction
Single	$6,300
Married Filing Jointly	$12,600
Married Filing Separately	$6,300
Head of Household	$9,300
Qualifying Widow(er)	$12,600

Note that there is an additional standard deduction for elderly or blind taxpayers, which is $1,250 for tax year 2016. The additional standard deduction amount increases to $1,550 if the individual is also unmarried and not a qualifying widow(er).