206-529-4955 | sales@clearacctg.com
The Standard Deduction is $12,000.
| $0 to $9,525 | 10% |
| $9,526 to $38,700 | 12% |
| $38,701 to $82,500 | 22% |
| $82,501 – $157,500 | 24% |
| $157,501 to $200,000 | 32% |
| $200,001 to $500,000 | 35% |
| $500,001 or more | 37% |
The standard deduction is $24,000.
| $0 to $19,050 | 10% |
| $19,051 to $77,400 | 12% |
| $77,401 to $165,000 | 22% |
| $165,001 to $315,000 | 24% |
| $315,001 to $400,000 | 32% |
| $400,001 to $600,000 | 35% |
| $600,001 or more | 37% |
The standard deduction is $12,000.
| $0 to $9,525 | 10% |
| $9,526 to $38,700 | 12% |
| $38,701 to $82,500 | 22% |
| $82,501 to $157,500 | 24% |
| $157,501 to $200,000 | 32% |
| $200,001 to $300,000 | 35% |
| $300,001 or more | 37% |
The standard deduction is $18,000.
| $0 to $13,600 | 10% |
| $13,601 to $51,800 | 12% |
| $51,801 to $82,500 | 22% |
| $82,501 – $157,500 | 24% |
| $157,501 to $200,000 | 32% |
| $200,001 to $500,000 | 35% |
| $500,001 or more | 37% |
| $0 to $2,550 | 15% |
| $2,550 to $5,950 | 25% |
| $5,950 to $9,050 | 28% |
| $9,050 to $12,400 | 33% |
| Over $12,400 | 39.6% |
| Social Security Tax Rate: Employers | 6.2% |
| Social Security Tax Rate: Employees | 6.2% |
| Social Security Tax Rate: Self-Employed | 12.4% |
| Maximum Taxable Earnings | $118,500 |
| Medicare Base Salary | Unlimited |
| Medicare Tax Rate | 1.45% |
| Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) |
0.9% |
| Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) |
3.8% |
| American Opportunity Credit (Hope) | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
| Business expensing limit: Cap on equipment purchases | $2,500,000 |
| Business expensing limit: New and Used Equipment and Software | $1,00,000 |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2018 tax liability |
| Standard mileage rate for business driving | 54.5 cents |
| Standard mileage rate for medical/moving driving | 18 cents |
| Standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit | $1,000 |
| Unearned income maximum for children under 19 · and· children aged 19 through 23 who are full-time students and whose earned income does not exceed half of the annual expenses for their support before kiddie tax applies | $2,100 |
| Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket | 0% |
| Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket | 15% |
| Maximum capital gains tax rate for taxpayers in the 39.6% bracket | 20% |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 0%, 15%, 20%, and 28% |
| Maximum contribution for Traditional/Roth IRA | $5,500 if under age 50 $6,500 if 50 or older |
| Maximum employee contribution to SIMPLE IRA | $12,500 if under age 50 $15,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of eligible compensation up to $55,000 |
| 401(k) maximum employee contribution limit | $18,500 if under age 50 $24,500 if 50 or older |
| Estate tax exemption | $5,600,000 |
| Annual Exclusion for Gifts | $15,000 |