This page lists the main IRS inflation adjustments for 2018 and 2019. Other categories of numbers, including tax rate schedules and figures relating to retirement accounts and health savings accounts, are available in our Reference Room.
Standard deduction
Standard deduction, general rule
| married filing jointly |
24,000 |
24,400 |
| head of household |
18,000 |
18,350 |
| single or separate |
12,000 |
12,200 |
Additional amount for aged or blind
| married |
1,300 |
1,300 |
| single |
1,600 |
1,650 |
Standard deduction for dependent
| minimum |
1,050 |
1,100 |
| or earned income plus |
350 |
350 |
Education benefits
Education loan deduction begins to phase out
| married filing jointly |
135,000 |
140,000 |
| others |
65,000 |
70,000 |
Lifetime learning credit begins to phase out
| married filing jointly |
114,000 |
116,000 |
| others |
57,000 |
58,000 |
Savings bond interest exclusion begins to phase out
| married filing jointly |
119,300 |
121,600 |
| others |
79,550 |
81,100 |
Alternative minimum tax (“AMT”)
AMT exemption amount
| married filing jointly |
109,400 |
111,700 |
| single |
70,300 |
71,700 |
| married filing separately |
54,700 |
55,850 |
AMT exemption amount begins to phase out
| married filing jointly |
1,000,000 |
1,020,600 |
| unmarried |
500,000 |
510,300 |
| married filing separately |
500,000 |
510,300 |
AMT 28% rate begins
| all except MFS |
191,100 |
194,800 |
| married filing separately |
95,550 |
97,400 |
Estate and gift tax
Gift tax exclusion
| individual |
15,000 |
15,000 |
| non-citizen spouse |
152,000 |
155,000 |
Unified credit exclusion amount
| individual |
11,180,000 |
11,400,000 |
Standard mileage rates (in cents)
When not claiming actual expenses
| business |
54.5 |
58 |
| basis reduction |
25 |
26 |
| medical and moving |
18 |
20 |
| charitable |
14 |
14 |
More tax figures: Reference Room
