Now that the 2018 tax filing season is over, here are some 2019 tax numbers that may be of interest.
$24,400 for Married Filing Jointly (increased $400)
$12,200 for Single (increased $200)
Adoption Credit: $14,080 (increased $270)
Qualified Business Income Threshold:
$321,400 for Married Filing Jointly (increased $6,400)
$160,700 for Single (increased $3,200)
Unified Credit against the Estate Tax: $11,400,000 (increased $220,000)
Annual Gift Tax Exclusion: $15,000 (no change)
Refundable portion of Child Tax Credit: $1,400 (no change)
Federal Income Tax Brackets: See tables below.
Want more details and more numbers? Read the IRS’s Revenue Procedure 2018-57.