Tax rate schedules are provided for tax planning purposes.
Each tax rate applies to a range of income, which is called a tax bracket. Each tax rate applies to a specific range of taxable income, which is income after various deductions have been subtracted.
Single Filing Status
[Tax Rate Schedule X, Internal Revenue Code section 1(c)]
- 10% on taxable income from $0 to $9,700, plus
- 12% on taxable income over $9,701 to $39,475, plus
- 22% on taxable income over $39,476 to $84,200, plus
- 24% on taxable income over $84,201 to $160,725, plus
- 32% on taxable income over $160,726 to $204,100, plus
- 35% on taxable income over $204,101 to $510,300, plus
- 37% on taxable income over $510,300
Married Filing Jointly or Qualifying Widow(er) Filing Status
[Tax Rate Schedule Y-1, Internal Revenue Code section 1(a)]
- 10% on taxable income from $0 to $19,400, plus
- 12% on taxable income over $19,401 to $78,950, plus
- 22% on taxable income over $78,951 to $168,400, plus
- 24% on taxable income over $168,401 to $321,450, plus
- 32% on taxable income over $321,451 to $408,200, plus
- 35% on taxable income over $408,201 to $612,350, plus
- 37% on taxable income over $612,350.
Married Filing Separately Filing Status
[Tax Rate Schedule Y-2, Internal Revenue Code section 1(d)]
- 10% on taxable income from $0 to $9,700, plus
- 12% on taxable income over $9,701 to $39,475, plus
- 22% on taxable income over $39,476 to $84,200, plus
- 24% on taxable income over $84,201 to $160,725, plus
- 32% on taxable income over $160,726 to $204,100, plus
- 35% on taxable income over $204,101 to $306,175, plus
- 37% on taxable income over $306,175
Head of Household Filing Status
[Tax Rate Schedule Z, Internal Revenue Code section 1(b)]
- 10% on taxable income from $0 to $13,850, plus
- 12% on taxable income over $13,851 to $52,850, plus
- 22% on taxable income over $52,851 to $84,200, plus
- 24% on taxable income over $84,201 to $160,700, plus
- 32% on taxable income over $160,701 to $204,100, plus
- 35% on taxable income over $204,101 to $510,300, plus
- 37% on taxable income over $510,300.
Capital Gains tax rates
Short-term gains taxed at ordinary income tax rates.
Long-term gains and qualified dividends are now taxed based on income and filing status.
Single
- 10% for taxable income up to $39,375
- 15% for taxable income from $39,376 to $434,550
- 20% for taxable income above $434,550
Married Filing Jointly
- 0% for taxable income up to $78,750
- 15% for taxable income from $78,751 to $488,850
- 20% for taxable income above $488,850
Head of Household
- 0% for taxable income up to $52,750
- 15% for taxable income from $52,751 to $461,700
- 20% for taxable income above $461,700
Married Filing Separately
- 0% for taxable income up to $39,375
- 15% for taxable income from $39,376 to $244,425
- 20% for taxable income above $244,425
Rates on the following remain the same
- 25% on Depreciation Recapture
- 28% on Collectibles
- 28% on qualified small business stock after exclusion
Other Tax Rates in Effect for 2019
In addition to the federal income taxes on ordinary income, there are other taxes that may apply to personal income:
Social Security Tax at a rate of 12.4% on wages and self-employment income up to the annual Social Security wage base of $132,900.
Medicare Tax at a rate of 2.9% on wages and self-employment income.
Additional Medicare Tax at a rate of 0.9% on wages and self-employment income over the following thresholds:
- Married Filing Jointly: $250,000
- Single or Head of Household or Qualifying Widow(er): $200,000
- Married Filing Separately: $125,000
