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U.S. IRS Publishes Tax Guide 2019 for Individuals

26 February 2020

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Approved Changes

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United States

The U.S. IRS has published Tax Guide 2019 for Individuals, which covers the federal income tax requirements for individuals for the 2019 tax year. This includes information on the income tax return, the types of income, treatment of gains and losses, adjustments to income, the different deductions, and how to figure taxes and refundable/nonrefundable credits. The guide also provides an overview of changes for 2019, which include combined numbered schedules, removal of the health care coverage shared responsibility payment, increased standard deductions, increased AMT exemption amount, and others.