Quick Facts

Standard Deductions 2017 2018 2019
 Joint or Qualifying Widow(er) $12,700 $24,000 $24,000
Single $6,350 $12,000 $12,200
Head of Household $9,350 $18,000 $18,350
Married Filing Separately $6,350 $12,000 $12,200
Additional for Elderly/Blind Married $1,250 $1,300 $1,300
Additional for Elderly/Blind Unmarried $1,550 $1,600 $1,650
Taxpayer Claimed as Dependent

(with only unearned income)

$1,050 $1,050 $0
Personal/Dependent Exemption $4,050 $4,150 $0
Unearned Income without Kiddie Tax $2,100 $2,100 $2,200
Beginning of Personal Exemption and Itemized Deductions Phaseout Range-Based on AGI
Joint or Surviving Spouse $311,800 $320,000 NA
Single $261, 500 $266,700 NA
Head of household $287,650 $293,350 NA
Married Filing Separately $156,900 $160,000 NA
   
FICA/SE Tax Information
FICA/SE Taxable Maximum Earnings $127,200 $128,400 $132,900
FICA Tax Rate (Employee) 6.2% 6.2% 6.2%
SE Tax Rate 12.4% 12.4% 12.4%
Medicare/SE Tax Information
Taxable Maximum Earnings Unlimited Unlimited Unlimited
Medicare Tax Rate (Employee) 1.45% 1.45% 1.45%
SE Tax Rate 2.90% 2.90% 2.90%
Auto Standard Mileage Allowances
Business $0.535 $0.545 $0.580
Charity Work $0.14 $0.14 $0.14
Medical/Moving $0.17 $0.18 $0.20
Earnings Ceiling for Social Security
Below Age 65 $16,920 $17,040 $17,640
Full Retirement Age Unlimited Unlimited Unlimited
   
Federal Minimum Wage $7.25 $7.25 $7.25
   
Ohio Minimum Wage $8.15 $8.30 $8.55
   
IRS Section 179 Expense Election $500,000 $1,000,000 $1,020,000

*From tax return due date or filing date, plus any amended returns, whichever is later