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Tax Rates

2023 Tax Rates Schedule X – Single

If taxable income is over

But not over

The tax is
$0 $11,000 10% of the taxable amount
$11,000 $44,725 $1,100.00 plus 12% of the excess over $11,000
$44,725 $95,375 $5,147.00 plus 22% of the excess over $44,725
$95,375 $182,100 $16,290.00 plus 24% of the excess over $95,375
$182,100 $231,250 $37,104.00 plus 32% of the excess over $182,100
$231,250 $578,125 $52,832.00 plus 35% of the excess over $231,250
$578,125 no limit $174,238.25 plus 37% of the excess over $578,125

2023 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is
$0 $22,000 10% of the taxable amount
$22,000 $89,450 $2,200.00 plus 12% of the excess over $22,000
$89,450 $190,750 $10,294.00 plus 22% of the excess over $89,450
$190,750 $364,200 $32,580.00 plus 24% of the excess over $190,750
$364,200 $462,500 $74,208.00 plus 32% of the excess over $364,200
$462,500 $693,750 $105,664.00 plus 35% of the excess over $462,500
$693,750 no limit $186,601.50 plus 37% of the excess over $693,750

2023 Tax Rates Schedule Y-2 – Married Filing Separately

If taxable income is over

But not over

The tax is
$0 $11,000 10% of the taxable amount
$11,000 $44,725 $1,100.00 plus 12% of the excess over $11,000
$44,725 $95,375 $5,147.00 plus 22% of the excess over $44,725
$95,375 $182,100 $16,290.00 plus 24% of the excess over $95,375
$182,100 $231,250 $37,104.00 plus 32% of the excess over $182,100
$231,250 $346,875 $52,832.00 plus 35% of the excess over $231,250
$346,875 no limit $93,300.75 plus 37% of the excess over $346,875

2023 Tax Rates Schedule Z – Head of Household

If taxable income is over

But not over

The tax is
$0 $15,700 10% of the taxable amount
$15,700 $59,850 $1,570.00 plus 12% of the excess over $15,700
$59,850 $95,350 $6,868.00 plus 22% of the excess over $59,850
$95,350 $182,100 $14,678.00 plus 24% of the excess over $95,350
$182,100 $231,250 $35,498.00 plus 32% of the excess over $182,100
$231,250 $578,125 $51,226.00 plus 35% of the excess over $231,250
$578,125 no limit $172,623.50 plus 37% of the excess over $578,125

2023 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is
$0 $2,900 10% of the taxable income
$2,900 $10,550 $290 plus 24% of the excess over $2,900
$10,550 $14,450 $2,126 plus 35% of the excess over $10,550
$14,450 no limit $3,491 plus 37% of the excess over $14,450

Social Security 2023 Tax Rates
Base Salary $160,200
Social Security Tax Rate 6.20%
Maximum Social Security Tax $9,932.40
Medicare Base Salary unlimited
Medicare Tax Rate 1.45%

Additional Medicare 2023 Tax Rates
Additional Medicare Tax 0.90%
Filing status Compensation over
Married filing jointly $250,000
Married filing separate $125,000
Single $200,000
Head of household (with qualifying person) $200,000
Qualifying widow(er) with dependent child $200,000

Education 2023 Credit and Deduction Limits
American Opportunity Tax Credit (Hope) $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000

Miscellaneous 2023 Tax Rates
Standard Deduction:
  • Married filing jointly or Qualifying Widow(er)
 $27,700
  • Head of household
 $20,800
  • Single or Married filing separately
 $13,850
Business Equipment Expense Deduction $1,160,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2022 tax liability
Standard mileage rate for business driving 65.5 cents
Standard mileage rate for medical/moving driving 22 cents
Standard mileage rate for charitable driving 14 cents
Child Tax Credit $2,000 per qualifying child
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $89,250 for joint filers and surviving spouses, $59,750 for heads of household, $44,625 for single filers, $44,625 for married taxpayers filing separately, and $3,000 for estates and trusts 0%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $553,850 for joint filers and surviving spouses, $523,050 for heads of household, $492,300 for single filers, $276,900 for married taxpayers filing separately, and $14,650 for estates and trusts 15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $553,850 for joint filers and surviving spouses, $523,050 for heads of household, $492,300 for single filers, $276,900 for married taxpayers filing separately, and $14,650 for estates and trusts 20%
Long-term gain attributable to certain depreciation recapture 25%
Capital gains tax rate on collectibles and qualified small business stock 28%
Maximum contribution for Traditional/Roth IRA $6,500 if under age 50
$7,500 if 50 or older
Maximum employee contribution to SIMPLE IRA $15,500 if under age 50
$19,000 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $66,000
401(k) maximum employee contribution limit $22,500 if under age 50
$30,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $12,920,000
Annual Exclusion for Gifts $17,000
Foreign Earned Income Exclusion $120,000

2022 Tax Rates Schedule X – Single

If taxable income is over

But not over

The tax is
$0 $10,275 10% of the taxable amount
$10,275 $41,775 $1,027.50 plus 12% of the excess over $10,275
$41,775 $89,075 $4,807.50 plus 22% of the excess over $41,775
$89,075 $170,050 $15,213.50 plus 24% of the excess over $89,075
$170,050 $215,950 $34,647.50 plus 32% of the excess over $170,050
$215,950 $539,900 $49,335.50 plus 35% of the excess over $215,950
$539,900 no limit $162,718.00 plus 37% of the excess over $539,900

2022 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is
$0 $20,550 10% of the taxable amount
$20,550 $83,550 $2,055.00 plus 12% of the excess over $20,550
$83,550 $178,150 $9,615.00 plus 22% of the excess over $83,550
$178,150 $340,100 $30,427.00 plus 24% of the excess over $178,150
$340,100 $431,900 $69,295.00 plus 32% of the excess over $340,100
$431,900 $647,850 $98,671.00 plus 35% of the excess over $431,900
$647,850 no limit $174,253.50 plus 37% of the excess over $647,850

2022 Tax Rates Schedule Y-2 – Married Filing Separately

If taxable income is over

But not over

The tax is
$0 $10,275 10% of the taxable amount
$10,275 $41,775 $1,027.50 plus 12% of the excess over $10,275
$41,775 $89,075 $4,807.50 plus 22% of the excess over $41,775
$89,075 $170,050 $15,213.50 plus 24% of the excess over $89,075
$170,050 $215,950 $34,647.50 plus 32% of the excess over $170,050
$215,950 $323,925 $49,335.50 plus 35% of the excess over $215,950
$323,925 no limit $87,126.75 plus 37% of the excess over $323,925

2022 Tax Rates Schedule Z – Head of Household

If taxable income is over

But not over

The tax is
$0 $14,650 10% of the taxable amount
$14,650 $55,900 $1,465.00 plus 12% of the excess over $14,650
$55,900 $89,050 $6,415.00 plus 22% of the excess over $55,900
$89,050 $170,050 $13,708.00 plus 24% of the excess over $89,050
$170,050 $215,950 $33,148.00 plus 32% of the excess over $170,050
$215,950 $539,900 $47,836.00 plus 35% of the excess over $215,950
$539,900 no limit $161,218.50 plus 37% of the excess over $539,900

2022 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is
$0 $2,750 10% of the taxable income
$2,750 $9,850 $275 plus 24% of the excess over $2,750
$9,850 $13,450 $1,979 plus 35% of the excess over $9,850
$13,450 no limit $3,239 plus 37% of the excess over $13,450

Social Security 2022 Tax Rates
Base Salary $147,000
Social Security Tax Rate 6.20%
Maximum Social Security Tax $9,114
Medicare Base Salary unlimited
Medicare Tax Rate 1.45%

Additional Medicare 2022 Tax Rates
Additional Medicare Tax 0.90%
Filing status Compensation over
Married filing jointly $250,000
Married filing separate $125,000
Single $200,000
Head of household (with qualifying person) $200,000
Qualifying widow(er) with dependent child $200,000

Education 2022 Credit and Deduction Limits
American Opportunity Tax Credit (Hope) $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000

Miscellaneous 2022 Tax Rates
Standard Deduction:
  • Married filing jointly or Qualifying Widow(er)
 $25,900
  • Head of household
 $19,400
  • Single or Married filing separately
 $12,950
Business Equipment Expense Deduction $1,080,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2021 tax liability
Standard mileage rate for business driving 58.5 cents Jan. 1 – June 30, 2022; 62.5 cents July 1 – Dec. 31, 2022
Standard mileage rate for medical/moving driving 18 cents Jan. 1 – June 30, 2022; 22 cents July 1 – Dec. 31, 2022
Standard mileage rate for charitable driving 14 cents
Child Tax Credit $2,000 per qualifying child
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $83,350 for joint filers and surviving spouses, $55,800 for heads of household, $41,675 for single filers, $41,675 for married taxpayers filing separately, and $2,800 for estates and trusts 0%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $517,200 for joint filers and surviving spouses, $488,500 for heads of household, $459,750 for single filers, $258,600 for married taxpayers filing separately, and $13,700 for estates and trusts 15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $517,200 for joint filers and surviving spouses, $488,500 for heads of household, $459,750 for single filers, $258,600 for married taxpayers filing separately, and $13,700 for estates and trusts 20%
Long-term gain attributable to certain depreciation recapture 25%
Capital gains tax rate on collectibles and qualified small business stock 28%
Maximum contribution for Traditional/Roth IRA $6,000 if under age 50
$7,000 if 50 or older
Maximum employee contribution to SIMPLE IRA $14,000 if under age 50
$17,000 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $61,000
401(k) maximum employee contribution limit $20,500 if under age 50
$27,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $12,060,000
Annual Exclusion for Gifts $16,000
Foreign Earned Income Exclusion $112,000

2021 Tax Rates Schedule X – Single

If taxable income is over

But not over

The tax is
$0 $9,950 10% of the taxable amount
$9,950 $40,525 $995 plus 12% of the excess over $9,950
$40,525 $86,375 $4,664 plus 22% of the excess over $40,525
$86,375 $164,925 $14,751 plus 24% of the excess over $86,375
$164,925 $209,425 $33,603 plus 32% of the excess over $164,925
$209,425 $523,600 $47,843 plus 35% of the excess over $209,425
$523,600 no limit $157,804.25 plus 37% of the excess over $523,600

2021 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is
$0 $19,900 10% of the taxable amount
$19,990 $81,050 $1,990 plus 12% of the excess over $19,990
$81,050 $172,750 $9,328 plus 22% of the excess over $81,050
$172,750 $329,850 $29,502 plus 24% of the excess over $172,750
$329,850 $418,850 $67,206 plus 32% of the excess over $329,850
$418,850 $628,300 $95,686 plus 35% of the excess over $418,850
$628,300 no limit $168,993.50 plus 37% of the excess over $628,300

2021 Tax Rates Schedule Y-2 – Married Filing Separately

If taxable income is over

But not over

The tax is
$0 $9,950 10% of the taxable amount
$9,950 $40,525 $995 plus 12% of the excess over $9,950
$40,525 $86,375 $4,664 plus 22% of the excess over $40,525
$86,375 $164,925 $14,751 plus 24% of the excess over $86,375
$164,925 $209,425 $33,603 plus 32% of the excess over $164,925
$209,425 $314,150 $47,843 plus 35% of the excess over $209,425
$314,150 no limit $84,496.75 plus 37% of the excess over $314,150

2021 Tax Rates Schedule Z – Head of Household

If taxable income is over

But not over

The tax is
$0 $14,200 10% of the taxable amount
$14,200 $54,200 $1,420 plus 12% of the excess over $14,200
$54,200 $86,350 $6,220 plus 22% of the excess over $54,200
$86,350 $164,900 $13,293 plus 24% of the excess over $86,350
$164,900 $209,400 $32,145 plus 32% of the excess over $164,900
$209,400 $523,600 $46,385 plus 35% of the excess over $209,400
$523,600 no limit $156,355 plus 37% of the excess over $523,600

2021 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is
$0 $2,650 10% of the taxable income
$2,650 $9,550 $265 plus 24% of the excess over $2,650
$9,550 $13,050 $1,921 plus 35% of the excess over $9,550
$13,050 no limit $3,146 plus 37% of the excess over $13,050

Social Security 2021 Tax Rates
Base Salary $142,800
Social Security Tax Rate 6.20%
Maximum Social Security Tax $8,853.60
Medicare Base Salary unlimited
Medicare Tax Rate 1.45%

Additional Medicare 2021 Tax Rates
Additional Medicare Tax 0.90%
Filing status Compensation over
Married filing jointly $250,000
Married filing separate $125,000
Single $200,000
Head of household (with qualifying person) $200,000
Qualifying widow(er) with dependent child $200,000

Education 2021 Credit and Deduction Limits
American Opportunity Tax Credit (Hope) $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000

Miscellaneous 2021 Tax Rates
Standard Deduction:
  • Married filing jointly or Qualifying Widow(er)
 $25,100
  • Head of household
 $18,800
  • Single or Married filing separately
 $12,550
Business Equipment Expense Deduction $1,050,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2020 tax liability
Standard mileage rate for business driving 56 cents
Standard mileage rate for medical/moving driving 16 cents
Standard mileage rate for charitable driving 14 cents
Child Tax Credit $2,000 per qualifying child
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $80,800 for joint filers and surviving spouses, $54,100 for heads of household, $40,400 for single filers, $40,400 for married taxpayers filing separately, and $2,700 for estates and trusts 0%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $501,600 for joint filers and surviving spouses, $473,750 for heads of household, $445,850 for single filers, $250,800 for married taxpayers filing separately, and $13,250 for estates and trusts 15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $501,600 for joint filers and surviving spouses, $473,750 for heads of household, $445,850 for single filers, $250,800 for married taxpayers filing separately, and $13,250 for estates and trusts 20%
Long-term gain attributable to certain depreciation recapture 25%
Capital gains tax rate on collectibles and qualified small business stock 28%
Maximum contribution for Traditional/Roth IRA $6,000 if under age 50
$7,000 if 50 or older
Maximum employee contribution to SIMPLE IRA $13,500 if under age 50
$16,500 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $58,000
401(k) maximum employee contribution limit $19,500 if under age 50
$26,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $11,700,000
Annual Exclusion for Gifts $15,000
Foreign Earned Income Exclusion $108,700

2020 Tax Rates Schedule X – Single

If taxable income is over

But not over

The tax is
$0 $9,875 10% of the taxable amount
$9,875 $40,125 $987.50 plus 12% of the excess over $9,875
$40,125 $85,525 $4,617.50 plus 22% of the excess over $40,125
$85,525 $163,300 $14,605.50 plus 24% of the excess over $85,525
$163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300
$207,350 $518,400 $47,367.50 plus 35% of the excess over $207,350
$518,400 no limit $156,235.00 plus 37% of the excess over $518,400

2020 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is
$0 $19,750 10% of the taxable amount
$19,750 $80,250 $1,975.00 plus 12% of the excess over $19,750
$80,250 $171,050 $9,235.00 plus 22% of the excess over $80,250
$171,050 $326,600 $29,211.00 plus 24% of the excess over $171,050
$326,600 $414,700 $66,543.00 plus 32% of the excess over $326,600
$414,700 $622,050 $94,735.00 plus 35% of the excess over $414,700
$622,050 no limit $167,307.50 plus 37% of the excess over $622,050

2020 Tax Rates Schedule Y-2 – Married Filing Separately

If taxable income is over

But not over

The tax is
$0 $9,875 10% of the taxable amount
$9,875 $40,125 $987.50 plus 12% of the excess over $9,875
$40,125 $85,525 $4,617.50 plus 22% of the excess over $40,125
$85,525 $163,300 $14,605.50 plus 24% of the excess over $85,525
$163,300 $207,350 $33,271.50 plus 32% of the excess over $163,300
$207,350 $311,025 $47,367.50 plus 35% of the excess over $207,350
$311,025 no limit $83,653.75 plus 37% of the excess over $311,025

2020 Tax Rates Schedule Z – Head of Household

If taxable income is over

But not over

The tax is
$0 $14,100 10% of the taxable amount
$14,100 $53,700 $1,410.00 plus 12% of the excess over $14,100
$53,700 $85,500 $6,162.00 plus 22% of the excess over $53,700
$85,500 $163,300 $13,158.00 plus 24% of the excess over $85,500
$163,300 $207,350 $31,830.00 plus 32% of the excess over $163,300
$207,350 $518,400 $45,926.00 plus 35% of the excess over $207,350
$518,400 no limit $154,793.50 plus 37% of the excess over $518,400

2020 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is
$0 $2,600 10% of the taxable income
$2,600 $9,450 $260.00 plus 24% of the excess over $2,600
$9,450 $12,950 $1,904.00 plus 35% of the excess over $9,450
$12,950 no limit $3,129.00 plus 37% of the excess over $12,950

Social Security 2020 Tax Rates
Base Salary $137,700
Social Security Tax Rate 6.20%
Maximum Social Security Tax $8,537.40
Medicare Base Salary unlimited
Medicare Tax Rate 1.45%

Additional Medicare 2020 Tax Rates
Additional Medicare Tax 0.90%
Filing status Compensation over
Married filing jointly $250,000
Married filing separate $125,000
Single $200,000
Head of household (with qualifying person) $200,000
Qualifying widow(er) with dependent child $200,000

Education 2020 Credit and Deduction Limits
American Opportunity Tax Credit (Hope) $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000

Miscellaneous 2020 Tax Rates
Standard Deduction:
  • Married filing jointly or Qualifying Widow(er)
 $24,800
  • Head of household
 $18,650
  • Single or Married filing separately
 $12,400
Business Equipment Expense Deduction $1,040,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2019 tax liability
Standard mileage rate for business driving 57.5 cents
Standard mileage rate for medical/moving driving 17 cents
Standard mileage rate for charitable driving 14 cents
Child Tax Credit $2,000 per qualifying child
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $80,000 for joint filers and surviving spouses, $53,600 for heads of household, $40,000 for single filers, $40,000 for married taxpayers filing separately, and $2,650 for estates and trusts 0%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $496,600 for joint filers and surviving spouses, $469,050 for heads of household, $441,450 for single filers, $248,300 for married taxpayers filing separately, and $13,150 for estates and trusts 15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $496,600 for joint filers and surviving spouses, $469,050 for heads of household, $441,450 for single filers, $248,300 for married taxpayers filing separately, and $13,150 for estates and trusts 20%
Capital gains tax rate for unrecaptured Sec. 1250 gains 25%
Capital gains tax rate on collectibles and qualified small business stock 28%
Maximum contribution for Traditional/Roth IRA $6,000 if under age 50
$7,000 if 50 or older
Maximum employee contribution to SIMPLE IRA $13,500 if under age 50
$16,500 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $57,000
401(k) maximum employee contribution limit $19,500 if under age 50
$26,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $11,580,000
Annual Exclusion for Gifts $15,000
Foreign Earned Income Exclusion $107,600

2019 Tax Rates Schedule X – Single

If taxable income is over

But not over

The tax is
$0 $9,700 10% of the taxable amount
$9,700 $39,475 $970.00 plus 12% of the excess over $9,700
$39,475 $84,200 $4,543.00 plus 22% of the excess over $39,475
$84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200
$160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725
$204,100 $510,300 $46,628.50 plus 35% of the excess over $204,100
$510,300 no limit $153,798.50 plus 37% of the excess over $510,300

2019 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over

But not over

The tax is
$0 $19,400 10% of the taxable amount
$19,400 $78,950 $1,940.00 plus 12% of the excess over $19,400
$78,950 $168,400 $9,086.00 plus 22% of the excess over $78,950
$168,400 $321,450 $28,765.00 plus 24% of the excess over $168,400
$321,450 $408,200 $65,497.00 plus 32% of the excess over $321,450
$408,200 $612,350 $164,709.50 plus 35% of the excess over $408,200
$612,350 no limit $153,798.50 plus 37% of the excess over $612,350

2019 Tax Rates Schedule Y-2 – Married Filing Separately

If taxable income is over

But not over

The tax is
$0 $9,700 10% of the taxable amount
$9,700 $39,475 $970.00 plus 12% of the excess over $9,700
$39,475 $84,200 $4,543.00 plus 22% of the excess over $39,475
$84,200 $160,725 $14,382.50 plus 24% of the excess over $84,200
$160,725 $204,100 $32,748.50 plus 32% of the excess over $160,725
$204,100 $306,175 $46,628.50 plus 35% of the excess over $204,100
$306,175 no limit $82,354.75 plus 37% of the excess over $306,175

2019 Tax Rates Schedule Z – Head of Household

If taxable income is over

But not over

The tax is
$0 $13,850 10% of the taxable amount
$13,850 $52,850 $1,385.00 plus 12% of the excess over $13,850
$52,850 $84,200 $6,065.00 plus 22% of the excess over $52,850
$84,200 $160,700 $12,962.00 plus 24% of the excess over $84,200
$160,700 $204,100 $31,322.00 plus 32% of the excess over $160,700
$204,100 $510,300 $45,210.00 plus 35% of the excess over $204,100
$510,300 no limit $152,380.00 plus 37% of the excess over $510,300

2019 Tax Rates Estates & Trusts

If taxable income is over

But not over

The tax is
$0 $2,600 10% of the taxable income
$2,600 $9,300 $260.00 plus 24% of the excess over $2,600
$9,300 $12,750 $1,868.00 plus 35% of the excess over $9,300
$12,750 no limit $3,075.50 plus 37% of the excess over $12,750

Social Security 2019 Tax Rates
Base Salary $132,900
Social Security Tax Rate 6.20%
Maximum Social Security Tax $8,239.80
Medicare Base Salary unlimited
Medicare Tax Rate 1.45%

Additional Medicare 2019 Tax Rates
Additional Medicare Tax 0.90%
Filing status Compensation over
Married filing jointly $250,000
Married filing separate $125,000
Single $200,000
Head of household (with qualifying person) $200,000
Qualifying widow(er) with dependent child $200,000

Education 2019 Credit and Deduction Limits
American Opportunity Tax Credit (Hope) $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000

Miscellaneous 2019 Tax Rates
Standard Deduction:
  • Married filing jointly or Qualifying Widow(er)
 $24,400
  • Head of household
 $18,350
  • Single or Married filling separately
 $12,200
Business Equipment Expense Deduction $1,020,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2018 tax liability
Standard mileage rate for business driving 58 cents
Standard mileage rate for medical/moving driving 20 cents
Standard mileage rate for charitable driving 14 cents
Child Tax Credit $2,000 per qualifying child
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $78,750 for joint filers and surviving spouses, $52,750 for heads of household, $39,375 for single filers, $39,375 for married taxpayers filing separately, and $2,650 for estates and trusts 0%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $488,850 for joint filers and surviving spouses, $461,700 for heads of household, $434,550 for single filers, $244,425 for married taxpayers filing separately, and $12,950 for estates and trusts 15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $488,850 for joint filers and surviving spouses, $461,700 for heads of household, $434,550 for single filers, $244,425 for married taxpayers filing separately, and $12,950 for estates and trusts 20%
Capital gains tax rate for unrecaptured Sec. 1250 gains 25%
Capital gains tax rate on collectibles and qualified small business stock 28%
Maximum contribution for Traditional/Roth IRA $6,000 if under age 50
$7,000 if 50 or older
Maximum employee contribution to SIMPLE IRA $13,000 if under age 50
$16,000 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $55,000
401(k) maximum employee contribution limit $19,000 if under age 50
$25,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $11,400,000
Annual Exclusion for Gifts $15,000
Foreign Earned Income Exclusion $105,900