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IRS Releases Key 2019 Tax Information

The IRS recently announced key tax figures for 2019, using information based on the Consumer Price Index published by the Department of Labor. Use these early figures to start developing your tax strategies for next year.

Tax Brackets

There are currently seven tax brackets ranging from 0 percent to 37 percent. Each of the income brackets increases between 1.8 and 2 percent.

Standard Deductions

2019 Standard deductions

Other Key figures

2019 Other key figures

Caution: Remember, these early IRS figures are prior to any potential tax law changes under consideration in Washington D.C.