COVID-19 UPDATE: The federal government has announced SBA Disaster Relief Loans for small businesses facing economic hardship due to coronavirus. We can help you find out if you qualify, prepare financial paperwork, and apply for loans. More information: https://akifcpa.com/sba-disaster-loans-coronavirus-covid-19/

Comparison of 2019 Tax Brackets Vs 2018 Tax Brackets

Comparison of old and new tax
Facebook
Google+
Twitter
LinkedIn
Reading Time: 2 minutes

The 2019 tax brackets in comparison to 2018 tax brackets increased around 2% due to indexing. The new tax law passed in 2017 maintains the 10% tax rate base line for earners in the lower spectrum but slashes the high-income tax rates from 39.6% to 37% starting in 2018. You can find out more on the difference between 2017 and 2018 tax brackets.

 

Single tax payers

 

2019 Tax Rate 2019 Income Bracket | 2018 Rate 2018 Income Bracket
10% Up to $9,700 | 10% Up to $9,525
12% $9,701-$39,475 | 12% $9,526-$38,700
22% $39,476-$84,200 | 22% $38,701-$82,500
24% $84,201 – $160,725 | 24% $82,501-$157,500
32% $160,726-$204,100 | 32% $157,500-$200,000
35% $204,101-$510,300 | 35% $200,001-$500,000
37% $510,301+ | 37% $500,001+

 

Married couples filing jointly or Qualifying Widow

 

2019 Tax Rate 2019 Income Bracket | 2018 Rate 2018 Income Bracket
10% Up to $19,400 | 10% Up to $19,050
12% $19,401-$78,950 | 12% $19,051-$77,400
22% $78,951-$168,400 | 22% $77,401-$165,000
24% $168,401-$321,450 | 24%  $165,001-$315,000
32% $321,451-$408,200 | 32% $315,001-$400,000
35% $408,001-$612,350 | 35% $400,000-$600,000
37% $612,351+ | 37% $600,000+

 

Married couple filing separately

 

2019 Tax Rate 2019 Income Bracket | 2018 Rate 2018 Income Bracket
10% Up to $9,700 | 10% Up to $9,525
12% $9,701-$39,475 | 12% $9,526-$38,700
22% $39,476-$84,200 | 22% $38,701-$82,500
24% $84,201 – $160,725 | 24% $82,501-$157,500
32% $160,726-$204,100 | 32% $157,501-$200,000
35% $204,101-$306,175 | 35% $200,001-$300,000
37% $306,176+ | 37% $300,001+


Heads of the household

 

2019 Tax Rate 2019 Income Bracket | 2018 Rate 2018 Income Bracket
10% Up to $13,850 | 10% Up to $13,600
12% $13,851-$52,850 | 12% $13,601-$51,800
22% $52,851-$84,200 | 22% $51,801-$82,500
24% $84,201-$160,725 | 24% $82,501-$157,500
32% $160,726-$204,100 | 32% $157,501-$200,000
35% $204,101-$510,300 | 35% $200,001-$500,000
37% $510,301+ | 37% $500,0001+

 

You can also read about 2018 Tax Reform – Business Interest Deduction, Section 199A – Impact on Small and Pass-through business or 2018 Tax law update for Individuals. Contact us to learn more about our services.

Leave a Reply

With our expert team, strong code of ethics, clear vision and passion, we strive to meet our clients’ financial goals

assured

Contact Us

Copyright © 2019 Akif CPA | All Rights Reserved