2019 IRS Tax Changes

Tax Reform Provisions that Affect Individuals

Standard Deduction Amount Increased

For 2019, those who are married and filing jointly will have a standard deduction of $24,400.

Single taxpayers and those who are married, and file separately now have a $12,200 standard deduction.

For heads of households, the deduction will be $18,350

Insurance Penalty

The penalty for not having health insurance no longer applies for 2019 federal tax returns. However, some states have their own individual health insurance mandate, requiring you to have qualifying health coverage or pay a penalty with your state tax return.

California has a new state individual health care mandate, which takes effect on January 1, 2020, and requires Californians to have qualifying health insurance coverage throughout the year, or pay a penalty based on your income and the number of people in your household.

Summary of possible penalties
Household Size If You Make Less Than You May Pay
Individual $45, 500 $695
Married Couple $91,000 $1,390
Family of 4 $140,200 $2,085