| Business expensing limit: Cap on equipment purchases | $2,590,000 |
| Business expensing limit: New and Used Equipment and Software | $1,040,000 |
| Qualified Business Income threshold amount: | $163,300 (single and head of household); $326,600 (married filing joint return) |
| Qualified Small Employer Health Reimbursement Arrangement limit: | $5,250 (single coverage); $10,450 (family coverage) |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2019 tax liability |
| Standard mileage rate for business driving | 57.5 cents |
| Standard mileage rate for medical driving | 17 cents |
| Standard mileage rate for moving driving - Members of the Armed Forces on active duty who move because of a permanent change of station | 17 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 $40,000 for single filers, $80,000 for married filing jointly | 0% |
| Maximum capital gains tax rate for taxpayers with income above $40,000 for single filers, $80,000 for married filing jointly | 15% |
| Maximum capital gains tax rate for taxpayers with income above $441,450 for single filers, $496,600 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 | $13,500 if under age 50
$16,500 if 50 or older |
| Maximum Contribution to SEP IRA | 25% of eligible compensation
up to $57,000 |
| 401(k) maximum employee contribution limit | $19,500 if under age 50
$26,000 if 50 or older |
| Estate tax exemption | $11,580,000 |
| Annual Exclusion for Gifts | $15,000 |
