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Tax Rates

 Table 1. Tax Brackets and Rates, 2019
Rate Single Married Filing Jointly or Qualifying Widow Married Filing Separately Head of Household
10% $0 to $9,700 $0 to $19,400 $0 to $9,700 $0 to $13,850
12% $9,701 to $39,475 $19,401 to $78,950 $9,701 to $39,475 $13,851 to $52,850
22% $39,476 to $84,200 $78,951 to $168,400 $39,476 to $84,200 $52,851 to $84,200
24% $84,201 to $160,725 $168,401 to $321,450 $84,201 to $160,725 $84,201 to $160,700
32% $160,726 to $204,100 $321,451 to $408,200 $160,726 to $204,100 $160,701 to $204,100
35% $204,101 to $510,300 $408,201 to $612,350 $204,101 to $306,175 $204,101 to $510,300
37% $510,301 or more $612,351 or more $306,176 or more $510,301 or more

Table 2. 2019 Standard Deduction and Personal Exemption
Filing Status                                   Deduction Amount
Single $12,200
Married Filing Jointly $24,400
Head of Household $18,350
The additional standard deduction for people who have reached age 65 (or who are blind) is $1,300 for each married taxpayer or $1,650 for unmarried taxpayers.

Table 3. 2019 IRA Contribution Limits
The contribution limit for Roth IRA and traditional IRA accounts increased to $6,000
The catch-up contribution limit for people age 50 or over does not get inflation adjustments and therefore is still $1,000

Table 4. 401(k), 403(b), 457(b) Contribution Limits
The salary deferral limit for 401(k) and other similar plans increased to $19,000
The catch-up contribution limit for 401(k) and other similar plans unchanged, at $6,000

Table 5. Child Tax Credit
The child tax credit ($2,000 per child) and the related phaseout threshold ($200,000 of modified adjusted gross income, $400,000 if married filing jointly) do not get inflation adjustments. The portion of the credit that can be refundable (up to $1,400 per child) does receive inflation adjustments, but it is still $1,400 for 2019.

Capital Gains
Tax Rate Single Married Filing Jointly Head of Household
0% $0 to $39,375 $0 to $78,750 $0 to $52,750
15% $39,376 to $434,550 $78,751 to $488,850 $52,751 to $461,700
20% $434,551 or more $488,851 or more $461,701 or more

Social Security and Medicine                             2019 Tax Rates
Social Security Tax Rate: Employers 7.65%
Social Security Tax Rate: Employees/td> 7.65%
Self-Employed 15.3%
Maximum Taxable Earnings 132900
Medicare Base Salary Unlimited
Medicare Tax Rate 1.45%

Additional Medicare Tax rate is 0.9 percent based on the following threshold amounts:
Filing Status Threshold Amount
Married filing jointly $250,000
Married filing separate/td> $125,000
Single $200,000
Head of household (with qualifying person) $200,000
Qualifying widow(er) with dependent child $200,000