The IRS has announced its tax brackets — with income thresholds adjusted for inflation — for the 2019 tax year.
The seven tax brackets, and the seven marginal tax rates (10%, 12%, 22%, 24%, 32%, 35%, and 37%) remain unchanged and there are no structural changes for 2019. Income thresholds have increased slightly from 2018. Income is determined by a combination of gross income, adjustments to that income, and deductions.
To look at the tax brackets and learn what they mean for you, read the full article on The Motley Fool’s website fool.com.
Credit to The Motley Fool (fool.com)
What Are the 2019 Tax Brackets? Here’s a look at the tax brackets for 2019 and what they could mean to you.
By Matthew Frankel, CFP (TMFMathGuy) Dec 10, 2018
