November 2019

During November Employers - Income tax withholding. Encourage employees to fill out a new Form W-4 for 2020 if they experienced any personal or financial changes. The 2020 revision of Form W-4 will be available on the IRS website by mid-December.

November 12

Employees - who work for tips. If you received $20 or more in tips during October, report them to your employer. You can use Form 4070.

Employers - Social Security, Medicare, and withheld income tax. File Form 941 for the third quarter of 2019. This due date only applies if you deposited the tax for the quarter timely, properly, and in full.

November 15

Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in October.

Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in October.

December 2019

December 10

Employees - who work for tips. If you received $20 or more in tips during November, report them to your employer. You can use Form 4070.

December 16

Corporations - Deposit the fourth installment of estimated income tax for 2019. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.

Employers - Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in November.

Employers - Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in November.

The publications listed below are located on the IRS Web site and require Adobe Acrobat Reader to view. Visit the Adobe Web Site to install the latest version of Acrobat Reader. Click a publication to view it online.

Tax Glossary - Tax Glossary

Publication 1 - Your Rights As a Taxpayer

Publication 3 - Armed Forces' Tax Guide

Publication 15 - Circular E, Employer's Tax Guide

Publication 15A - Employer's Supplemental Tax Guide

Publication 15B - Employer's Tax Guide to Fringe Benefits

Publication 17 - Your Federal Income Tax

Publication 51 - Circular A, Agricultural Employer's Tax Guide

Publication 54 - Tax Guide for U.S. Citizens and Resident Aliens Abroad

Publication 80 - Circular SS - Federal Tax Guide for Employers in the U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands

Publication 225 - Farmer's Tax Guide

Publication 334 - Tax Guide for Small Business

Publication 463 - Travel, Entertainment, Gift, and Car Expenses

Publication 501 - Exemptions, Standard Deduction, and Filing Information

Publication 502 - Medical and Dental Expenses

Publication 503 - Child and Dependent Care Expenses

Publication 504 - Divorced or Separated Individuals

Publication 505 - Tax Withholding and Estimated Tax

Publication 509 - Tax Calendars

Publication 510 - Excise Taxes (Including Fuel Tax Credits and Refunds)

Publication 514 - Foreign Tax Credit for Individuals

Publication 515 - Withholding of Tax on Nonresident Aliens and Foreign Corporations

Publication 516 - U.S. Government Civilian Employees Stationed Abroad

Publication 517 - Social Security and Other Information for Members of the Clergy & Religious Workers

Publication 519 - U.S. Tax Guide for Aliens

Publication 521 - Moving Expenses

Publication 523 - Selling Your Home

Publication 524 - Credit for the Elderly or the Disabled

Publication 525 - Taxable and Nontaxable Income

Publication 526 - Charitable Contributions

Publication 527 - Residential Rental Property (Including Rental of Vacation Homes)

Publication 529 - Miscellaneous Deductions

Publication 530 - Tax Information for First-Time Homeowners

Publication 531 - Reporting Tip Income

Publication 535 - Business Expenses

Publication 536 - Net Operating Losses

Publication 537 - Installment Sales

Publication 538 - Accounting Periods and Methods

Publication 541 - Partnerships

Publication 542 - Corporations

Publication 544 - Sales and other Dispositions of Assets

Publication 547 - Casualties, Disasters, and Thefts

Publication 550 - Investment Income and Expenses (Including Capital Gains and Losses and Mutual fund Distributions)

Publication 554 - Tax Guide for Seniors

Publication 555 - Community Property

Publication 556 - Examination of Returns, Appeal Rights, and Claims for Refund

Publication 557 - Tax-Exempt Status for Your Organization

Publication 559 - Survivors, Executors and Administrators

Publication 560 - Retirement Plans for Small Business

Publication 570 - Tax Guide for Individuals With Income from U.S. Possessions

Publication 571 - Tax-Sheltered Annuity Programs for Employees of Public Schools and Certain Tax-Exempt Organizations

Publication 575 - Pension and Annuity Income

Publication 583 - Starting a Business and Keeping Records

Publication 587 - Business Use of Your Home (Including Use by Day-Care Providers)

Publication 590-A - Contributions to Individual Retirement Arrangements (IRAs)

Publication 590-B - Distributions to Individual Retirement Arrangements (IRAs)

Publication 595 - Capital Construction Fund for Commercial Fishermen

Publication 596 - Earned Income Credit

Publication 598 - Tax on Unrelated Business Income of Exempt Organizations

Publication 721 - Tax Guide to U.S. Civil Service Retirement Benefits

Publication 901 - U.S. Tax Treaties

Publication 907 - Tax Highlights for Persons With Disabilities

Form 911 - Request for Taxpayer Advocate Service Assistance

Publication 915 - Social Security and Equivalent Railroad Retirement Benefits

Publication 925 - Passive Activity and At-Risk Rules

Publication 926 - Household Employers Tax Guide

Publication 929 - Tax Rules for Children and Dependents

Publication 936 - Home Mortgage Interest Deduction

Publication 939 - General Rule for Pensions and Annuities

Publication 946 - How to Depreciate Property

Publication 957 - Reporting Back Pay and Special Wage Payments to the Social Security Administration

Form 8839 - Qualified Adoption Expenses

Publication 969 - Health Savings Accounts and Other Tax-Favored Health Plans

Publication 970 - Tax Benefits for Education

Publication 1212 - Guide to Original Issue Discount (OID) Instruments

Publication 1345 - Handbook for Authorized IRS e-file Providers of Individual Income Tax Returns

Publication 1544 - Reporting Cash Payments of Over $10,000

Publication 4557 - Safeguarding Taxpayer Data - A Guide for Your Business

Finding what you're looking for on the internet can be quite a daunting task. We've made it a little easier by selecting a few of our favorite sites.

W4

Use this form to determine employee's federal income tax withholding. This form requires Adobe PDF Reader. If you do not have it, you may download it here.

I9

All employees must complete this form at time of hire for the Immigration and Naturalization Service. This form requires Adobe PDF Reader. If you do not have it, you may download it here.

Hiring Incentives to Restore Employment (HIRE) Act

To be completed by new employees.

2019 Tax Rates - Single Taxpayers - Standard Deduction $12,200

2018 Rates

10% - 0 to $9,700 

12% - $9,700 to $39,475 

22% - $39,475 to $84,200 

24% - $84,200 to $160,725 

32% - $160,725 to $204,100 

35% - $204,100 to $510,300 

37% - Over $510,300

2019 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $24,400

10% - $0 to $19,400 

12% - $19,400 to $78,950 

22% - $78,950 to $168,400 

24% - $168,400 to $321,450 

32% - $321,450 to $408,200 

35% - $408,200 to $612,350 

37% - Over $612,350 

2019 Tax Rates - Married Filing Separately - Standard Deduction $12,200

10% - $0 to $9,700 

12% - $9,700 to $39,475 

22% - $39,475 to $84,200 

24% - $84,200 to $160,725 

32% - $160,725 to $204,100 

35% - $204,100 to $306,175 

37% - Over $306,175 

2019 Tax Rates - Head of Household - Standard Deduction $18,350

10% - $0 to $13,850 

12% - $13,850 to $52,850 

22% - $52,850 to $84,200 

24% - $84,200 to $160,700 

32% - $160,700 to $204,100 

35% - $204,100 to $510,300 

37% - Over $510,300 

2019 Tax Rates - Estates & Trusts

10% - $0 to $2,600 

24% - $2,600 to $9,300 

35% - $9,300 to $12,750 

37% - Over $12,750 

Social Security

2019 Tax Rates

Social Security Tax Rate: Employers - 6.2% 

Social Security Tax Rate: Employees - 6.2% 

Social Security Tax Rate: Self-Employed - 15.3% 

Maximum Taxable Earnings - $132,900 

Medicare Base Salary - Unlimited 

Medicare Tax Rate: Employers - 1.45% 

Medicare Tax Rate: Employees - 1.45% 

Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) - 0.9% 

Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) - 3.8% 

Miscellaneous

2019 Tax Rates

Business expensing limit: Cap on equipment purchases - $2,550,000 

Business expensing limit: New and Used Equipment and Software - $1,020,000 

Qualified Business Income threshold amount - $160,700 (single and head of household); $321,400 (married filing joint return) 

Qualified Small Employer Health Reimbursement Arrangement limit: - $5,150 (single coverage); $10,450 (family coverage) 

Prior-year safe harbor for estimated taxes of higher-income - 110% of your 2018 tax liability 

Standard mileage rate for business driving - 58 cents 

Standard mileage rate for medical driving - 20 cents 

Standard mileage rate for moving driving - Members of the Armed Forces on active duty who move because of a permanent change of station - 20 cents 

Standard mileage rate for charitable driving - 14 cents 

Child Tax Credit - $2,000 

Unearned income maximum for children under 19 before kiddie tax applies - $1,100 

Maximum capital gains tax rate for taxpayers with income up to $39,375 for single filers, $78,750 for married filing jointly - 0% 

Maximum capital gains tax rate for taxpayers with income above $39,375 for single filers, $78,750 for married filing jointly - 15% 

Maximum capital gains tax rate for taxpayers with income above $434,550 for single filers, $488,850 for married filing jointly - 20% 

Capital gains tax rate for unrecaptured Sec. 1250 gains - 25% 

Capital gains tax rate on collectibles - 28% 

Maximum contribution for Traditional/Roth IRA :

$6,000 if under age 50 

$7,000 if 50 or older

Maximum employee contribution to SIMPLE IRA :

$13,000 if under age 50

$16,000 if 50 or older

Maximum Contribution to SEP IRA :

25% of eligible compensation

up to $56,000

401(k) maximum employee contribution limit :

$19,000 if under age 50

$25,000 if 50 or older

Estate tax exemption - $11,400,000 

Annual Exclusion for Gifts - $15,000 

Education

2019 Tax Rates

American Opportunity Credit (Hope) - $2,500 

Lifetime Learning Credit - $2,000 

Student Loan Interest Deduction - $2,500 

Coverdell Education Savings Contribution - $2,000 

Source: IRS Revenue Procedure 2018-57

Standard Meal Rates for Family Child Care Providers for 2019 income tax returns

Continental U.S. 2019-20 Tax Rates (July 1, 2019-June 30, 2020) 

For each breakfast - $1.33 

For each lunch or supper - $2.49 

For each snack (up to 3 per day for each child) - $0.74 

Alaska - 2019-20 Tax Rates (July 1, 2019-June 30, 2020) 

For each breakfast - $2.12 

For each lunch or supper - $4.04 

For each snack (up to 3 per day for each child) - $1.20 

Hawaii - 2019-20 Tax Rates (July 1, 2019-June 30, 2020) 

For each breakfast - $1.54 

For each lunch or supper - $2.92 

For each snack (up to 3 per day for each child) - $0.87 

Source: Federal Register