12/28/2018
2019 TAX BRACKETS
The Internal Revenue Service recently issued the finalized tax brackets for the 2019 tax season, after adjusting rates to account for inflation.
The Trump administration passed the Tax Cuts and Jobs Act at the end of 2017, which enacted a number of reforms to the U.S. tax code—including lowering income brackets for most individuals.
Here’s what rates look like for 2019:
10%: Individuals with incomes of $9,700 or less/Married couples with $19,400 or less
12%: Individuals with incomes over $9,700/Married couples with more than $19,400
22%: Individuals with incomes over $39,475/Married couples with more than $78,950
24%: Individuals with incomes over $84,200/Married couples with more than $168,400
32%: Individuals with incomes over $160,725/Married couples with more than $321,450
35%: Individuals with incomes over $204,100/Married couples with more than $408,200
37%: Individuals with incomes over $510,300/Married couples with more than $612,350