Tax rates change every year. Take a look at the tax rates for 2019.
Federal Income Tax Rates
Single:
| Tax rate | Taxable income bracket | Tax |
|---|---|---|
| 10% | $0 to $9,700 | 10% of taxable income |
| 12% | $9,701 to $39,475 | $970 plus 12% of the amount over $9,700 |
| 22% | $39,476 to $84,200 | $4,543 plus 22% of the amount over $39,475 |
| 24% | $84,201 to $160,725 | $14,382.50 plus 24% of the amount over $84,200 |
| 32% | $160,726 to $204,100 | $32,748.50 plus 32% of the amount over $160,725 |
| 35% | $204,101 to $510,300 | $46,628.50 plus 35% of the amount over $204,100 |
| 37% | $510,301 or more | $153,798.50 plus 37% of the amount over $510,300 |
Married Filing Jointly or Qualifying Widow(er):
| Tax rate | Taxable income bracket | Tax |
|---|---|---|
| 10% | $0 to $19,400 | 10% of taxable income |
| 12% | $19,401 to $78,950 | $1,940 plus 12% of the amount over $19,400 |
| 22% | $78,951 to $168,400 | $9,086 plus 22% of the amount over $78,950 |
| 24% | $168,401 to $321,450 | $28,765 plus 24% of the amount over $168,400 |
| 32% | $321,451 to $408,200 | $65,497 plus 32% of the amount over $321,450 |
| 35% | $408,201 to $612,350 | $93,257 plus 35% of the amount over $408,200 |
| 37% | $612,351 or more | $164,709.50 plus 37% of the amount over $612,350 |
Married Filing Separately:
| Tax rate | Taxable income bracket | Tax |
|---|---|---|
| 10% | $0 to $9,700 | 10% of taxable income |
| 12% | $9,701 to $39,475 | $970 plus 12% of the amount over $9,700 |
| 22% | $39,476 to $84,200 | $4,543 plus 22% of the amount over $39,475 |
| 24% | $84,201 to $160,725 | $14,382.50 plus 24% of the amount over $84,200 |
| 32% | $160,726 to $204,100 | $32,748.50 plus 32% of the amount over $160,725 |
| 35% | $204,101 to $306,175 | $46,628.50 plus 35% of the amount over $204,100 |
| 37% | $306,176 or more | $82,354.75 plus 37% of the amount over $306,175 |
Head of Household:
| Tax rate | Taxable income bracket | Tax |
|---|---|---|
| 10% | $0 to $13,850 | 10% of taxable income |
| 12% | $13,851 to $52,850 | $1,385 plus 12% of the amount over $13,850 |
| 22% | $52,851 to $84,200 | $6,065 plus 22% of the amount over $52,850 |
| 24% | $84,201 to $160,700 | $12,962 plus 24% of the amount over $84,200 |
| 32% | $160,701 to $204,100 | $31,322 plus 32% of the amount over $160,700 |
| 35% | $204,101 to $510,300 | $45,210 plus 35% of the amount over $204,100 |
| 37% | $510,301 or more | $152,380 plus 37% of the amount over $510,300 |
Social Security and Medicare Tax Rates
| Social Security | 2019 Tax Rate |
| Maximum Income Subject to Social Security Tax | $132,900 |
| Social Security Tax Rate | 6.2% |
| Maximum Social Security Tax | $8,239.80 |
| Medicare | 2019 Tax Rate |
| Maximum Income Subject to Medicare Tax | Unlimited |
| Medicare Tax Rate | 1.45% |
| Additional Medicare Tax for High Earners | Additional 0.9% on amounts over:
· Single: $200,000 · Married filing jointly: $250,000 · Married filing separately: $125,000 · Head of household – $200,000 · Qualifying widow(er) with dependent child – $200,000 |
