2019 FAST TAX FACTS: Welcome to our annual at-a-glance compilation of federal and state tax information. User-friendly tax rate schedules, facts, figures and assorted data make this time-saving section a handy companion. Keep it within arm's reach as you enter the upcoming busy season.

2019 TAX DATA SCHEDULE 2019 Federal Standard Deductions Single $12,200 Married Filing Jointly, Surviving Spouse 24,400 Married Filing Separately 12,200 Head of Household 18,350 Additional for Age 65 and Older or Blind--Married 1,300 Additional for Age 65 and Older or Blind--Unmarried 1,650 (per individual for each situation, age or blind) Taxpayer Claimed as a Dependent 1,100 Personal or Dependent Exemption Suspended for tax years 2018-2025 California Exemption Credits Single, Married Filing Separately, Head of Household Married Filing Jointly, Surviving Spouse Dependent Blind or Age 65 and Older Senior Head of Household Credit 2% of California taxable income, maximum California AGI of $78,441 with maximum credit of California Joint Custody Head of Household Credit and Dependent Parent Credit Each is 30% of net tax with maximum credit of California Young Child Tax Credit For children younger than 6 years old on the last day of the tax year Maximum Credit: AGI phaseout $25,000 - $30,000 California Renter's Credit Married Filing Jointly, Head of Household, Surviving Spouse if AGI is below $85,864 Single or Married Filing Separately if AGI is below $42,932 IRC Section 179 Deduction $1,020,000 Sec. 179 Purchase Phaseout $2,550,000 Beginning of Personal Exemption Phase-out Range--Based on Federal AGI Single N/A Married Filing Jointly, Surviving Spouse N/A Married Filing Separately N/A Head of Household N/A Beginning of Itemized Deduction Phase-out Range--Based on Federal AGI Single Limitation on Married Filing Jointly, Surviving Spouse federal itemized Married Filing Separately deductions is Head of Household suspended for tax Rate Reduced over federal AGI limits years 2018-2025 Schedule A Medical Deduction Based on federal AGI 10% Schedule A State & Local Tax Deduction Max Married Filing Separately $5,000 All others 10,000 Schedule A Mortgage Interest Cap Only ded. on debt up to $750,000 (*) Schedule A Miscellaneous Deduction Suspended for tax years 2018-2025 Alternative Minimum Tax (AMT) Rate AMTI Less Exemption up to $194,800 26% AMTI Less Exemption over $194,800 ($97,400 if Married Filing Separately) 28% AMTI Less Exemption AMT Exemption Amounts Married Filing Jointly, Surviving Spouse $111,700 Single, Head of Household 71,700 Married Filing Separately 55,850 Estate or Trust 25,000 AMT Exemption Phase-out Married Filing Jointly, Surviving Spouse $1,020,600 Single, Head of Household 510,300 Married Filing Separately 510,300 Estate or Trust, if AMTI is less than $183.500 83,500 199A Overview 20% of Qualified Maximum Deduction Business Income (*) (*) subject to wage and property limitations Self-Employed Health Insurance Premiums Adjustment for AGI, percentage of total qualifying health insurance premiums 100% Auto Standard Mileage Allowances Business .58 Charity work--general .14 Medical or moving .20 U.S. Savings Bond Interest Exclusion Phase-out Based on...

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