Friday, December 07, 2018

Here are your new income tax brackets for 2019

Written by Darla Mercado

 Article from CNBC

The IRS has tweaked income tax brackets for the new year, adjusting them for inflation.

 Next year’s standard deduction will be $12,200 for singles and $24,400 for married couples who file jointly. Personal exemptions will remain at zero.

 There will be no penalty for failure to maintain minimum essential health coverage in 2019. This year, the penalty was $695.

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