2019 Key Numbers

2019 Tax Rates Etc as Indexed (taxes due April 2020)                                      

Single
10% bracket tops at $9,700
12% tops at $39,475
22% tops at $84,200
24% tops at $160,725
32% tops at $204,100
35% tops at $510,300
37% applies to anything over $510,301

MFJ
10% bracket tops at $19,400
12% tops at $78,950
22% tops at $168,400
24% tops at $321,450
32% tops at $408,200
35% tops at $612,350
37% applies to anything over $612,351

Head of Household
10% bracket tops at $13,850
12% tops at $52,850
22% tops at $84,200
24% tops at $160,700
32% tops at $204,100
35% tops at $510,300
37% applies to anything over $510,301

MFS
10% bracket tops at $9,700
12% tops at $39,475
22% tops at $84,200
24% tops at $160,725
32% tops at $204,100
35% tops at $306,175
37% applies to anything over $306,176

– 2019 Standard deduction amounts are:  MFJ-$24,400, Single & MFS-$12,200, HH-$18,350,

– Adoption Credit – $14,080 is the maximum for the credit or assistance amounts.  The phase out starts at $214,520 and is completely phased out at $247,580.

– Child Tax Credit – refundable portion uses an income base of $2,000.

2020 Tax Rates Etc as Indexed (taxes due April 2021)

Single
10% bracket tops at $9,875
12% tops at $40,125
22% tops at $85,545
24% tops at $163,300
32% tops at $207,350
35% tops at $518,400
37% applies to anything over $518,401

MFJ
10% bracket tops at $19,750
12% tops at $80,250
22% tops at $171,050
24% tops at $326,600
32% tops at $414,700
35% tops at $622,050
37% applies to anything over $622,051

Head of Household
10% bracket tops at $14,100
12% tops at $53,700
22% tops at $85,500
24% tops at $163,300
32% tops at $207,350
35% tops at $518,400
37% applies to anything over $518,401

MFS
10% bracket tops at $9,875
12% tops at $40,125
22% tops at $85,545
24% tops at $163,300
32% tops at $207,350
35% tops at $311,025
37% applies to anything over $311,026

– 2020 Standard deduction amounts are:  MFJ-$24,800, Single & MFS-$12,400, HH-$18,650,

– Adoption Credit – $14,300 is the maximum for the credit or assistance amounts.  The phase out starts at $214,520 and is completely phased out at $247,580.

– Child Tax Credit – refundable portion uses an income base of $2,000.