USA Federal Tax rates & Tax credits (2019 Tax Year)


Les barèmes d'imposition & déductions fiscales (Année fiscale 2019)

Updated  - December 16th, 2019


Federal Income tax (Individual)





Rate

                                   


Taxable Income (Single)



to $9,700
10%

to $39,475
12%

to $84,200
22%

to $160,725
24%

to $204,100
32%

to $510,300
35%

over
37%

Taxable Income (Married Filing Jointly)


to $19,400
10%

to $78,950
12%

to $168,400
22%

to $321,450
24%

to $408,200
32%

to $612,350
35%

over
37%




Long term Capital Gain  & Qualified dividends:





Individual (Single)


to $39,375
0%

to $434,550
15%

over
20%

Individual (Married Filing Jointly)


to $78,750
0%

to $488,850
15%

over
20%




Net Investment Income Tax






after $200,000 net investment income (Single)
3.8%

after $250,000 taxable net investment (Married Filing Jointly)
3.8%




Corporation Tax (all income)




21%




Self-Employment tax




15.3%




Payroll taxes






Social security 
6.2% of first $132,900

Medicare 
1.45%

Medicare surtax (income >$200,000)
0.9%

Federal Unemployment
6% of first $7000




Estate & Trust







to $2,600
10%

to $9,300
24%

to $12,750
35%

over
37%




Standard Deduction







Single
$12,200

Married Filing Jointly
$24,400

Head of Household
$18,350




Education Credit







Lifetime learning credit


up to $58,000 taxable income (Single)
20% of tuition paid

up to $116,000 taxable income  (Married Filing Jointly)
20% of tuition paid




American Opportunity credit


up to $80,000 taxable income (Single)
$2,000

up to $160,000 taxable income  (Married Filing Jointly)
$2,000




Child credit







Child tax credit (Child less than 17)
$2,000

Child and dependent care credit
$3,000




Business mileage rate deduction




58c/business mile




Home Office Deduction


(up to 300 square feet)




$5/business square foot




Retirement savings deduction






401K contribution
$19,000

SEP contribution
$56,000

IRA & Roth IRA
$6,000




Tax free social security benefits







Single
$25,000

Married Filing jointly
$32,000