2019 Federal Income Tax Rates for Individuals

Here is the 2019 Federal Income Tax Rates for individuals who are unmarried and married filing jointly. Included with this year's rates is a 2018 summary for comparison purposes. In addition, the 2019 and 2018 standard deductions are provided.  It is important to note that income ranges have widened in each bracket and the standard deductions have increased. I encourage you to take the time to read this information to determine your potential tax bracket for this year.

If you have any questions, feel free to contact the office at 252-515-0242 or matthewdressel.ifsg@gmail.com.

This posting is for informational purposes only.  It is not to be construed as tax advice.

Unmarried Individuals

Rate	Lower Income Range	Upper Income Range	2018 Income Range
10.00%	$0.00	$9,700.00	$0.00-$9,525.00
12.00%	$9,700.00	$39,475.00	$9,525-$38,700
22.00%	$39,475.00	$84,200.00	$38,700-$82,500
24.00%	$84,200.00	$160,725.00	$82,500-$157,500
32.00%	$160,725.00	$204,100.00	$157,500-$200,000
35.00%	$204,100.00	$510,300.00	$200,000-$500,000
37.00%	$510,300.00		$500,000-

2019 Standard Deduction: 2018 Standard Deduction:

Under Age 65         $12,200.00 Under Age 65         $12,000.00

Age 65 and Over $13,850.00 Age 65 and Over $13,600.00

Married Filing Jointly

Rate	Lower Income Range	Upper Income Range	2018 Income Range
10.00%	$0.00	$19,400.00	$0.00-$19,050
12.00%	$19,400.00	$78,950.00	$19,050-$77,400
22.00%	$78,950.00	$168,400.00	$77,400-$165,000
24.00%	$168,400.00	$321,450.00	$165,000-$315,000
32.00%	$321,450.00	$408,200.00	$315,000-$400,000
35.00%	$408,200.00	$612,350.00	$400,000-$600,000
37.00%	$612,350.00		$600,000-

2019 Standard Deduction:
Under Age 65 $24,400.00
If One Spouse is Over Age 65 $25,700.00
If Both Spouses are Over Age 65 $27,000.00

2018 Standard Deduction:
Under Age 65 $24,000.00
If One Spouse is Over Age 65 $25,300.00
If Both Spouses are Over Age 65 $26,600.00