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IRS Releases Key 2019 Tax Information

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 currently under consideration in Washington D.C.

Michael Guertin

Michael is the President of Aperto, a family-owned and operated CPA firm based in San Antonio, TX. He's an entrepreneur that happens to be a CPA and he's been helping small business owners thrive for over 16 years.

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