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IRS Releases New Projected 2019 Tax Brackets, Rates and More

IRS Releases New Projected 2019 Tax Rates, Brackets and More Bloomberg recently released projected tax rates, brackets and other numbers that apply to the 2019 tax year (the IRS will release the official numbers later this year). Note, these are NOT the numbers that apply to the 2018 taxes you file in 2019, but to the income and activity that occurs during the 2019 tax year that starts January 1, 2019. A big part of the IRS’s consideration in formulating 2019 numbers is the inflation index. The Tax Cuts and Jobs Act (TCJA) replaced the normal Consumer Price Index with.

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2017 vs. 2018 Federal Income Tax Brackets

Single Taxpayers 2018 Tax Rates - Standard Deduction $12,000 2017 Tax Rates - Standard Deduction $6,350 10% 0 to $9,525 10% 0 to $9,325 12% $9,525 to $38,700 15% $9,325 to $37,950 22% $38,700 to $82,500 25% $37,950 to $91,900 24% $82,500 to $157,500 28% $91,900 to $191,650 32% $157,500 to $200,000 33% $191,650 to $416,700 35% $200,000 to $500,000 35% $416,700 to $418,400 37% Over $500,000 39.60% Over $418,400   Married Filing Jointly & Surviving Spouses 2018 Tax Rates - Standard Deduction $24,000 2017 Tax Rates - Standard Deduction $12,700 10% 0 to $19,050 10% 0 to $18,650 12%.

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