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Current Rates and Limits

TY 2019 Retirement Plan Contribution Limits

PlanContribution LimitsCatch-up Contribution (if 50)
Traditional IRA$6,000$1,000
Roth IRA$6,000$1,000
SIMPLE$13,000$3,000
401(k), 403 (b), and 457 plans$19,000$6,000

TY 2019 Social Security & Medicare Tax

 Maximum Compensation subject to FICA
Social Security$132,900
Medicare TaxNo Limit
Medicare Additional Taxover $200,000

TY 2019 Income Tax Brackets

SingleMarried Filing JointlyMarried Filing SeparatelyHead of HouseholdMarginal Tax Rate
$0 to $9,700$0 to $19,400$0 to $9,700$0 to $13,85010%
$9,701 to $39,475$19,401 to $78,950$9,701 to $39,475$13,851 to $52,85012%
$39,476 to $84,200$78,951 to $168,400$39,476 to $84,200$52,851 to $84,20022%
$84,201 to $160,725$168,401 to $321,450$84,201 to $160,725$84,201 to $160,70024%
$160,726 to $204,100$321,451 to $408,200$160,726 to $204,100$160,701 to $204,10032%
$204,101 to $510,300$408,201 to $612,350$204,101 to $306,175$204,101 to $510,30035%
$510,301 or more$612,351 or more$306,176 or more$510,301 or more37%

TY 2019 Deductions & Exemptions

 SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household
Standard Deduction$12,200$24,400$12,200$18,350
Additional Deduction for 65 and Older or Blind$1,650$1,300$1,300$1,650

TY 2019 Mileage Rates

PurposeCents per mile
Business58 ¢
Medical20 ¢
Charitable14 ¢
Moving20 ¢

TY 2019 Capital Gains and Qualified Dividends

Filing StatusShort TermLong Term/Qualified Dividends
0%15%20%
Singleordinary rate$0 - $39,375$39,376 - $434,550Over $434,550
Married Filing Jointlyordinary rate$0 - $78,750$78,751 - $488,850Over $488,850
Married Filing Separatelyordinary rate$0 - $39,375$39,376 - $244,425Over $244,425
Head of Householdordinary rate$0 - $52,750$52,751 - $461,700Over $461,700

Last updated 5/13/19

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