Federal Income Tax Rates

2019

The Tax Cut and Jobs Act passed in late 2017 changed many of the tax provisions in the tax code, in an effort to simplify the tax code. The income tax rate brackets have been reduced, with the new top rate of 37%. The income ranges for each bracket will be indexed for inflation going forward, and the reduced income tax rate brackets will sunset after 2025.

Married Filing Jointly

Taxable Income Tax Rate
$0 to $19,400 10%
$19,401 to $78,950 12%
$78,951 to $168,400 22%
$168,401 to $321,450 24%
$321,451 to $408,200 32%
$408,201 to $612,350 35%
More than $612,350 37%

Single

Taxable Income Tax Rate
$0 to $9,700 10%
$9,701 to $39,475 12%
$39,476 to $84,200 22%
$84,201 to $160,725 24%
$160,726 to $204,100 32%
$204,101 to $510,300 35%
More than $510,300 37%

IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.