Prepare Income Taxes 2018 - 2019

Prepare Income Taxes

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TurboTax 2019 Online Tax Preparation

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With TurboTax 2018 you'll be ready for 2019 tax return law modifications to come.

2019 Federal Income Tax Filing Deadline

The tax filing deadline is extended to Monday April 15, 2019 Information on this page applies to changes effective in 2018, which then is applied to a taxpayer's tax return in 2019.

TurboTax 2019 and Tax Changes

The new tax code has increased the standard deduction for tax filers, but curbed many itemized deductions.

These changes will include a $10,000 cap on the amount of state and local taxes you can claim for deductions, and the outright elimination of miscellaneous itemized deductions such as un-reimbursed employee expenses and investment fees.

Now that fewer people will be itemizing, look for tax efficient ways that you can pay for things. For instance you can use your health savings account to pay for long-term health care insurance premiums if there is enough to handle the expense.

TurboTax 2019 Software will be ready to ensure you are taking advantage of tax breaks wherever you can.

2019 Tax Reform Tips

Most taxpayers tax returns from the past tax season were not affected by the Tax Cuts and Jobs Act, most of the impact will be felt now and for years to come.

With that in mind, parts of the act that will have the biggest effect on individual taxpayers next tax season are something to be concerned about.

TurboTax 2019 Tax Preparation Software as always, will play a big roll in keeping your fees down and ensuring you get all the benefits and credits possible.

Income Tax Rates For 2019

For income earned in 2019, taxable incomes resolve as follows

2018 Income Tax Brackets & Rates for 2019 Return

Tax Rate Individuals Married, Filing Jointly

10%
12%
22%
24%
32%
35%
37%

Up to $9,525
$9,526 to $38,700
$38,701 to $82,500
$82,501 to $157,500
$157,501 to $200,000
$200,001 to $500,000
over $500,000

Up to $19,050
$19,051 to $77,400
$77,401 to $165,000
$165,001 to $315,000
$315,001 to $400,000
$400,001 to $600,000
over $600,000

Compare to Previous Year

Tax Rate Individuals Married, Filing Jointly

10%
15%
25%
28%
33%
35%
39.6%

Up to $9,525
$9,526 to $38,700
$38,701 to $93,700
$93,701 to $195,450
$195,451 to $424,950
$424,951 to $426,700
$426,701 or more

Up to $19,050
$19,051 to $77,400
$77,401 to $156,150
$156,151 to $237,951
$237,951 to $424,950
$424,951 to $480,050
$480,051 or more

Standard Deductions

IRS reports show that approximately two out of every three taxpayers claim the standard deduction on their tax returns.TurboTax 2019 Tax Software Editions:

Free Edition, Basic, Deluxe, Premier and Home + Business, Business


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