Serving the Tampa Bay Area!

2019 Tax Facts

Mileage Rates:

Business - .58/mile (Depreciation Component $26/mile)
Medical - .20/mile
Military Moving - .20/mile
Charitable - .14/mile

Retirement Contributions:

401(k) Plans:
Employee elective deferral - $19,000
Catch-Up Contribution Limits - $6,000

Traditional IRAs and ROTH IRAs - $6,000
Catch-Up Contribution Limits $1,000

Simple IRA Plans:
Maximum Keogh or SEP-IRA - $13,000
Catch-Up Contribution Limits - $3,000

Self-Employment Tax:
FICA = 12.4% of $132,900
Medicare = 2.9% of all net earnings

Tax rates on long-term capital gains
and qualified dividends

0% - Taxable income up to $39,375 single $78,750 joint
20% - Taxable income over $461,700 single $488,850 joint
15% - Taxable income between the 0% and 20% amounts

The 2019 Standard Deduction:
Married - $24,400 plus $1,300 for each spouse over 65
Single - $12,200 plus $1,650 for over 65
Head of Household – $18,350 plus $1,650 for over 65

Contact

Willyoung & Company, P.A.
4301 West Cayuga Street
Tampa, FL 33614

Phone: 813-872-0077

Fax: 813-879-0609

Please contact us if you have any questions!

Contact

Willyoung & Company, P.A. 4301 West Cayuga Street Tampa, FL 33614

Willyoung & Company, P.A.
4301 West Cayuga Street
Tampa, FL 33614