What people at every income level from $21,000 to $265,000 will have to pay in taxes this year
- The IRS released new tax brackets, adjusted for inflation, for 2019.
- The tax brackets apply to income earned in 2019 (taxes are due on April 15 for income earned in 2018).
- The federal income-tax ranges have shifted slightly, and the standard deduction will be $12,200 for single filers and $24,400 for married filers.
- Below, we've calculated the tax rate for people in jobs that earn different average salaries, from fast-food workers to dentists.
It's been over a year since President Donald Trump signed the Republican tax bill into law, which overhauled the US tax code. It shifted the ranges for federal income tax brackets and boosted take-home pay for about 90% of Americans.
Tax Day 2019, when taxes are due for income earned in 2018, the first year under the new tax law, is April 15.After adjusting for inflation, the IRS has released new tax brackets, which apply to income earned in 2019. The standard deduction will be $12,200 for single filers and $24,400 for married filers, an increase of $200 and $400, respectively.
To find out how different occupations fare under the new tax brackets, we started with the most recently released Bureau of Labor Statistics estimates of the average annual salaries for those occupations. We calculated the tax burden for a single filer using the standard deduction earning that average salary, based on the tax brackets and rates shown in the above graphic. We also found the effective tax rate, or the percent share of the average income owed in taxes, for each of those occupations.
Again, these figures are calculated for federal income taxes only and do not take into account state income taxes, though some states don't tax income at all.
Below, find out how much people with jobs that put them at 50 different income levels are paying in taxes this year.