2019 Year-End Tax Guide

THE MARCUM 2019 YEAR-END TAX GUIDE | www.marcumllp.com

2019 TAX REFERENCE TABLES

2019 INFLATION/COST OF LIVING UPDATES REFERENCE TABLES

T AX B ENEFIT

2019

2020

Standard Deduction Married Filing Jointly

$24,400

$24,800

Single

$12,200

$12,400

Married Filing Separately

$12,200

$12,400

Head of Household

$18,350

$18,650

Foreign Earned Income Exclusion Maximum Taxable Social Security Earnings Base

$105,900

$107,600*

$132,900

$137,700

*Estimated

2019 INDIVIDUAL INCOME TAX RATES

R ATE

S INGLE

H EAD OF H OUSEHOLD

M ARRIED -J OINT

M ARRIED -S EPARATE

10%

$0 - $9,700

$0 - $13,850

$0 - $19,400

$0 - $9,700

12%

$9,700 - $39,475

$13,850 - $52,850

$19,400 - $78,950

$9,700 - $39,475

22%

$39,475 - $84,200

$52,850 - $84,200

$78,950 - $168,400

$39,475 - 84,200

24%

$84,200 - $160,725 $84,200 - $160,700 $168,400 - $321,450 $84,200 - $160,725

32%

$160,725 - $204,100 $160,700 - $204,100 $321,450 - $408,200 $160,725 - $204,100

35%

$204,100 - $510,300 $204,100 - $510,300 $408,200 - $612,350 $204,100 - $306,175

37%

Over $510,300

Over $510,300

Over $612,350

Over $306,175

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