Facts & Figures for 2019
Listed below are some important Facts & Figures for 2019. Hyperlinks on figures provide a view of historical figures. Use the quick links here to jump to the section you need:
Income tax
Social Security
Medicare
Retirement Accounts
Facts & Figures for 2018 (historical figures)
Income Tax
| 2019 Income Tax Rate Schedule | |||
| Single Filers | |||
| From | To | Rate | Minus |
| $0 | $9,700 | 10% | $0.00 |
| $9,701 | $39,475 | 12% | $194.00 |
| $39,476 | $84,200 | 22% | $4,141.50 |
| $84,201 | $160,725 | 24% | $5,825.50 |
| $160,726 | $204,100 | 32% | $18,683.50 |
| $204,101 | $510,300 | 35% | $24,806.50 |
| $510,301 | no limit | 37% | $35,012.50 |
| Married Filing Jointly or Qualifying Widow(er) | |||
| From | To | Rate | Minus |
| $0 | $19,400 | 10% | $0.00 |
| $19,401 | $78,950 | 12% | $388.00 |
| $78,951 | $168,400 | 22% | $8,283.00 |
| $168,401 | $321,450 | 24% | $11,651.00 |
| $321,451 | $408,200 | 32% | $37,367.00 |
| $408,201 | $612,350 | 35% | $49,613.00 |
| $612,351 | no limit | 37% | $61,860.00 |
| Married Filing Separately | |||
| From | To | Rate | Minus |
| $0 | $9,700 | 10% | $0.00 |
| $9,701 | $39,475 | 12% | $194.00 |
| $39,476 | $84,200 | 22% | $4,141.50 |
| $84,201 | $160,725 | 24% | $5,825.50 |
| $160,726 | $204,100 | 32% | $18,683.50 |
| $204,101 | $306,175 | 35% | $24,806.50 |
| $306,176 | no limit | 37% | $30,930.00 |
| Head of Household | |||
| From | To | Rate | Minus |
| $0 | $13,850 | 10% | $0.00 |
| $13,851 | $52,850 | 12% | $277.00 |
| $52,851 | $84,200 | 22% | $5,562.00 |
| $84,201 | $160,700 | 24% | $7,246.00 |
| $160,701 | $204,100 | 32% | $20,102.00 |
| $204,101 | $510,300 | 35% | $26,225.00 |
| $510,301 | no limit | 37% | $36,431.00 |
| Estates and Trusts | |||
| From | To | Rate | Minus |
| $0 | $2,600 | 10% | $0.00 |
| $2,601 | $9,300 | 24% | $364.00 |
| $9,301 | $12,750 | 35% | $1,387.00 |
| $12,751 | no limit | 37% | $1,642.00 |
| Long-Term Capital Gains and Qualifying Dividends | ||
| Single (taxable income) | ||
| From | To | Tax Rate |
| $0 | $39,375 | 0% |
| $39,376 | $434,550 | 15% |
| $434,551 | no limit | 20% |
| Married Filing Jointly (taxable income) | ||
| $0 | $78,750 | 0% |
| $78,751 | $488,850 | 15% |
| $488,851 | no limit | 20% |
| Head of Household | ||
| $0 | $52,750 | 0% |
| $52,751 | $461,700 | 15% |
| $461,701 | no limit | 20% |
| Married Filing Separately | ||
| $0 | $39,375 | 0% |
| $39,376 | $244,425 | 15% |
| $244,426 | no limit | 20% |
| Estates & Trusts | ||
| $0 | $2,650 | 0% |
| $2,651 | $12,950 | 15% |
| $12,951 | no limit | 20% |
| Net Investment Income Tax (NIIT) 3.8% tax on the lesser of Excess of MAGI over the following or Net Investment Income | |
| Single | $200,000 |
| Married Filing Jointly | $250,000 |
| Married Filing Separately | $125,000 |
| Standard Deductions | |
| Filing Status | Standard Deduction |
| Single | $12,200 |
| Married Filing Jointly | $24,400 |
| Qualifying Widow(er) | $24,400 |
| Married Filing Separately | $12,200 |
| Head of Household | $18,350 |
| Dependent | Greater of: $1,100 or $350 plus earned income |
| Additional Standard Deductions (add to the regular Standard Deduction) |
|
| Blind (MFJ, MFS or QW) | $1,300 |
| Over 65 (MFJ, MFS or QW) | $1,300 |
| Blind (single) | $1,650 |
| Over 65 (single) | $1,650 |
| Alternative Minimum Tax Exemptions | |
| Single | $71,700 |
| Married Filing Jointly | $111,700 |
| Surviving Spouse | $111,700 |
| Married Filing Separately | $55,850 |
| Estates and Trusts | $25,000 |
| AMT Rate of 28% applies to income over: | |
| Married Filing Separately | $97,400 |
| All other filing statuses | $194,800 |
| Exemption phases out at: | |
| Single | $510,300 |
| Married Filing Jointly | $1,020,600 |
| Surviving Spouse | $1,020,600 |
| Married Filing Separately | $510,300 |
| Estates and Trusts | $83,500 |
| Gift & Estate Tax Exclusions and Credits | |
| Estate Tax Exclusion | $11,400,000 |
| Gift and GST Tax Exclusion | $11,400,000 |
| Annual Gift Tax Exclusion | $15,000 |
| Maximum Estate, Gift and GST Tax Rate | 40% |
| Health Savings Accounts | |||
| Maximum Deductible Contribution | Expense Limit | Minimum Deductible | |
| Single (individual) | $3,500 | $6,750 | $1,350 |
| Family | $7,000 | $13,500 | $2,700 |
| Catch-up (age 55+) | $1,000 | ||
| Education Credits | ||
| Credit | Maximum Amount | Phaseouts begin at AGI of: |
| American Opportunity Tax Credit (Hope) | $2,500 | |
| Married Filing Jointly | $160,000 | |
| All other filing statuses | $80,000 | |
| Lifetime Learning Credit | $2,000 | |
| Married Filing Jointly | $116,000 | |
| All other filing statuses | $58,000 | |
Social Security
| Full Retirement Age | |
| Born in: | Full Retirement Age (FRA) is: |
| 1946-1954 | 66 |
| 1955 | 66y, 2m |
| 1956 | 66y, 4m |
| 1957 | 66y, 6m |
| 1958 | 66y, 8m |
| 1959 | 66y, 10m |
| 1960 or later | 67 |
| Social Security Maximum Taxable Earnings | ||
| 2019 | $132,900 | |
| Social Security Quarter of Credit | ||
| 2019 | $1,360 | |
| Social Security Benefits Taxation | ||
| Filing status | Provisional Income* | SS benefit included as taxable |
| Married Filing Jointly | less than $32,000 | 0% |
| $32,000 to $44,000 | up to 50% | |
| more than $44,000 | up to 85% | |
| Single, Head of Household, Qualifying Widow(er) | less than $25,000 | 0% |
| $25,000 to $34,000 | up to 50% | |
| more than $34,000 | up to 85% | |
| Married Filing Separately and not living with spouse | less than $25,000 | 0% |
| $25,000 to $34,000 | up to 50% | |
| more than $34,000 | up to 85% | |
| Married Filing Separately and living with spouse | more than $0 | 85% |
| Earnings Limits | ||
| Before FRA | $17,640 | $1,470/mo |
| For every $2 over the limit, $1 in benefits is withheld | ||
| Year of FRA | $46,920 | $3,910/mo |
| For every $3 over the limit, $1 in benefits is withheld | ||
| After FRA | no limit | |
| Substantial Earnings | ||
| 2019 | $24,675 | |
| Bend Points for age 62 in 2019 | |
| Retirement Benefit PIA calculation (of AIME) | |
| 1st (x 90%) | $926 |
| 2nd (x 32%) | $5,583 |
| 3rd (x 15%) | $5,584+ |
| Family Maximum Benefit calculation (of PIA) | |
| 1st (x 150%) | $1,184 |
| 2nd (x 272%) | $1,708 |
| 3rd (x 134%) | $2,228 |
| 4th (x 175%) | $2,229+ |
Medicare
| Medicare Premiums | ||
| Part B | Part D | |
| Standard Premium | $135.50 | n/a |
| Hold harmless | n/a | n/a |
| IRMAA Premium Adjustments | ||
| Filing Status | Part B | Part D |
| Married Filing Jointly | ||
| <$170,001 | +$0 | +$0 |
| $170,001 to $214,000 | +$54.10 | +$12.40 |
| $214,001 to $267,000 | +$135.40 | +$31.90 |
| $267,001 to $320,000 | +$216.70 | +$51.40 |
| $320,001 to $750,000 | +$297.90 | +$70.90 |
| >$750,000 | +$325.00 | +$77.40 |
| Single | ||
| <$85,001 | +$0 | +$0 |
| $85,001 to $107,000 | +$54.10 | +$12.40 |
| $107,001 to $133,500 | +$135.40 | +$31.90 |
| $133,501 to $160,000 | +$216.70 | +$51.40 |
| $160,001 to $500,000 | +$297.90 | +$70.90 |
| >$500,000 | +$325.00 | +77.40 |
| Medicare Deductibles | |
| Part A (per benefit period) | |
| First 60 days | $1,364 |
| Day 61-90 (per day) | $341 |
| Day 91+ (per day) | $682 |
| Part B (per year) | $185 |
| Part D deductible (max) | $415 |
| First Tier | $3,820 |
| Second Tier (donut hole) |
$5,100 |
| Third Tier (catastrophic) |
above $5,100 |
Retirement Accounts
| Individual Retirement Arrangements (IRAs) | ||
| Traditional IRA | ||
| Limitations | Deductible Contribution | Deductible Catch-up Contribution (age 50+) |
| If Covered by Employer Plan (self) | ||
| Married Filing Jointly MAGI | ||
| <= $103,000 | $6,000 | $1,000 |
| $103,001 to $123,000 | Reduced by 30% for each dollar over $103,000 | Reduced by 35% for each dollar over $103,000 |
| >= $123,000 | only non-deductible contributions allowed, up to $6,000 | only non-deductible contributions allowed, up to $1,000 |
| Single MAGI | ||
| <= $64,000 | $6,000 | $1,000 |
| $64,001 to $74,000 | Reduced by 60% for each dollar over $64,000 | Reduced by 70% for each dollar over $64,000 |
| >= $74,000 | only non-deductible contributions allowed, up to $6,000 | only non-deductible contributions allowed, up to $1,000 |
| Married Filing Separately MAGI | ||
| <= $0 | $6,000 | $1,000 |
| $1 to $10,000 | reduced by 60% for each dollar over $0 | Reduced by 70% for each dollar over $0 |
| >= $10,000 | only non-deductible contributions allowed, up to $6,000 | only non-deductible contributions allowed, up to $1,000 |
| If spouse is covered by Employer Plan | ||
| Married Filing Jointly MAGI | ||
| <= $193,000 | $6,000 | $1,000 |
| $193,001 to $203,000 | reduced by 60% for each dollar over $193,000 | Reduced by 70% for each dollar over $193,000 |
| >= $203,000 | only non-deductible contributions allowed, up to $6,000 | only non-deductible contributions allowed, up to $1,000 |
| Roth IRA | ||
| Limitations | Contribution Limit | Catch-up Contribution Limit (age 50+) |
| Married Filing Jointly MAGI | ||
| <= $193,000 | $6,000 | $1,000 |
| $193,001 to $203,000 | reduced by 60% for each dollar over $193,000 | Reduced by 70% for each dollar over $193,000 |
| >= $203,000 | no Roth IRA contribution allowed | no Roth IRA contribution allowed |
| Single or Head of Household MAGI | ||
| <= $122,000 | $6,000 | $1,000 |
| $122,001 to $137,000 | Reduced by 40% for each dollar over $122,000 | Reduced by 46.67% for each dollar over $122,000 |
| >= $137,000 | no Roth IRA contribution allowed | no Roth IRA contribution allowed |
| Married Filing Separately MAGI | ||
| <= $0 | $6,000 | $1,000 |
| $1 to $10,000 | Reduced by 60% for each dollar over $0 | Reduced by 70% for each dollar over $0 |
| >= $10,000 | no Roth IRA contribution allowed | no Roth IRA contribution allowed |
| Other retirement plans | ||
| 401(k), Roth 401(k), 403(b), 457(b) | ||
| Deductible Contribution | Deductible Catch-up Contribution (age 50+) | Maximum Total Contribution (includes Employer match, non-deductible contributions, and catch-up) |
| $19,000 | $6,000 | $62,000 |
| SIMPLE IRA | ||
| $13,000 | $3,000 | |
