TAX PLANNING

with your
goals in mind

Planning and strategy for
the new tax era

Understand the changes, their impact, and your options

Liquidity for tax time
or anytime

The new tax law is now in full effect, and it could have implications for your wealth plan. Whether or not your tax obligations increase, it's worth examining the impact with your advisor, including securing ready access to liquidity.

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Surprises in new tax law

Surprises in new tax law

Here are some moves you might want, or need, to make for your 2018 filing.

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Your tax strategy: What's different?

Your tax strategy: What's different?

The two questions everyone needs to ask, and information on the AMT.

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Retirement and charitable planning

Deduction planning

Consider your personal and business tax planning over several years to maximize your deductions.

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New tax rates for 2019

To help you plan for the year ahead, we have updated the chart below with the new 2019 tax rates and income brackets.

Click on your filing status below to get started.

Filing status1

 

 

Income in 20191

 

 

 

 

 

Income2

 

 

 

 

 

 

Your maximum federal income tax rate on wage income 32%
Your share of Medicare tax on wages 1.45%
Your maximum tax rate on long-term capital gains and dividend income 15%
Your maximum tax rate on unearned income–other than capital gains and dividends 32%
Your maximum Social Security tax on wages $8,2403
Your maximum federal income tax rate on wage income 32%2
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 18.8%
Your maximum tax rate on unearned income–other than capital gains and dividends 35.8%
Your maximum Social Security tax on wages $8,2403
Your maximum federal income tax rate on wage income 35%
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 18.8%
(3.8% Medicare surtax)
Your maximum tax rate on unearned income–other than capital gains and dividends 35.8%
Your maximum Social Security tax on wages $8,2403
Your maximum federal income tax rate on wage income 35%
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 23.8%
(3.8% Medicare surtax)
Your maximum tax rate on unearned income–other than capital gains and dividends 35.8%
Your maximum Social Security tax on wages $8,2403
Your maximum federal income tax rate on wage income 37%
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 23.8%
(3.8% Medicare surtax)
Your maximum tax rate on unearned income–other than capital gains and dividends 40.8%
Your maximum Social Security tax on wages $8,2403
Your maximum federal income tax rate on wage income 24%2
Your share of Medicare tax on wages 1.45%
Your maximum tax rate on long-term capital gains and dividend income 15%
Your maximum tax rate on unearned income–other than capital gains and dividends 24%
Your maximum Social Security tax on wages $16,8403
Your maximum federal income tax rate on wage income 24%
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 18.8%
(3.8% Medicare surtax)
Your maximum tax rate on unearned income–other than capital gains and dividends 27.8%
Your maximum Social Security tax on wages $16,8403
Your maximum federal income tax rate on wage income 32%
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 18.8%
(3.8% Medicare surtax)
Your maximum tax rate on unearned income–other than capital gains and dividends 35.8%
Your maximum Social Security tax on wages $16,8403
Your maximum federal income tax rate on wage income 35%
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 18.8%
(3.8% Medicare surtax)
Your maximum tax rate on unearned income–other than capital gains and dividends 38.8%
Your maximum Social Security tax on wages $16,8403
Your maximum federal income tax rate on wage income 35%
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 23.8%
(3.8% Medicare surtax)
Your maximum tax rate on unearned income–other than capital gains and dividends 38.8%
Your maximum Social Security tax on wages $16,8403
Your maximum federal income tax rate on wage income 37%
Your share of Medicare tax on wages 2.35%
Your maximum tax rate on long-term capital gains and dividend income 23.8%
(3.8% Medicare surtax)
Your maximum tax rate on unearned income–other than capital gains and dividends 40.8%
Your maximum Social Security tax on wages $16,8403

Sources: J.P. Morgan calculations, JCT, U.S. Social Security Administration, Tax cuts and Jobs Act of 2017, Rev. Proc 2018-57

1The income tax rate is imposed on taxable income of the amounts shown in this row; the long-term capital gains tax rate is also based on taxable income; the threshold for the 0.9% Medicare surtax is wage income; and the threshold for the 3.8% tax on net investment income is based on modified AGI.
2Note that employers will begin to withhold when an employee’s income reaches $200,000 even if the employee and his or her spouse would not reach the $250,000 threshhold; the additional tax collected can be claimed as a credit on the couple’s joint return.
3The OASDI tax is not imposed on wages above $132,900, although the tax is imposed on the wage income of each member of a couple, if applicable, so a couple could pay up to $16,840 on income of $265,800 if each of them made at least $132,900.

JPMorgan Chase & Co. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.

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