Tax Brackets 2018

 

Tax

Note taxable income is calculated by deducting IRA, 401K, 403b, HSA, medical and dental premiums and standard deductions from your gross income [Assuming your total deductions are less than standard deductions]

MARRIED INDIVIDUALS FILING JOINT RETURNS AND SURVIVING SPOUSES.

TAXABLE INCOME                                                              TAX


Not over $19,050 …………………………..   ………..10% of taxable income.

Over $19,050 but not over $77,400 ………….$1,905, plus 12% of the excess over $19,050.

Over $77,400 but not over $165,000 ………..$8,907, plus 22% of the excess over $77,400.

Over $165,000 but not over $315,000 ………$28,179, plus 24% of the excess over $165,000.

Over $315,000 but not over $400,000 ………$64,179, plus 32% of the excess over $315,000.

Over $400,000 but not over $600,000 ………$91,379, plus 35% of the excess over $400,000.

Over $600,000 ………………………………………….. $161,379, plus 37% of the excess over $600,000.


HEADS OF HOUSEHOLDS.

TAXABLE INCOME                                                                 TAX


Not over $13,600 ………………………………………10% of taxable income.

Over $13,600 but not over $51,800 ………….$1,360, plus 12% of the excess over $13,600.

Over $51,800 but not over $82,500 ………….$5,944, plus 22% of the excess over $51,800.

Over $82,500 but not over $157,500 ………..$12,698, plus 24% of the excess over $82,500.

Over $157,500 but not over $200,000 ………$30,698, plus 32% of the excess over $157,500.

Over $200,000 but not over $500,000 ………$44,298, plus 35% of the excess over $200,000.

Over $500,000 ……………………………………………$149,298, plus 37% of the excess over $500,000.


UNMARRIED INDIVIDUALS OTHER THAN SURVIVING SPOUSES AND HEADS OF HOUSEHOLDS.

TAXABLE INCOME                                                                                 TAX


Not over $9,525 ………………………………………..10% of taxable income.

Over $9,525 but not over $38,700 …………..$952.50, plus 12% of the excess over $9,525.

Over $38,700 but not over $82,500 …………$4,453.50, plus 22% of the excess over $38,700.

Over $82,500 but not over $157,500 ……….$14,089.50, plus over $82,500.

Over $157,500 but not over $200,000 ……..$32,089.50, plus over $157,500.

Over $200,000 but not over $500,000 ……..$45,689.50, plus over $200,000.

Over $500,000 ………………………………………..$150,689.50, plus 37% of the excess over $500,000.


MARRIED INDIVIDUALS FILING SEPARATE RETURNS.

TAXABLE INCOME                                                                                 TAX


Not over $9,525 …………………………………………10% of taxable income.

Over $9,525 but not over $38,700 ……………$952.50, plus 12% of the excess over $9,525.

Over $38,700 but not over $82,500 ………….$4,453.50, plus 22% of the excess

Over $82,500 but not over $157,500 ………..$14,089.50, plus 24% of the excess over 82,500

Over $157,500 but not over $200,000 …….$32,089.50, plus 32% of the excess over $157,500.

Over $200,000 but not over $300,000 …….$45,689.50, plus 35% of the excess over $200,000.

Over $300,000 ………………………………………….$80,689.50, plus 37% of the excess over $300,000.

ESTATES AND TRUSTS.

TAXABLE INCOME                                                                                 TAX


Not over $2,550 ………………………………………10% of taxable income.

Over $2,550 but not over $9,150 ……………..$255, plus 24% of the excess over $2,550.

Over $9,150 but not over $12,500 ……………$1,839, plus 35% of the excess over $9,150.

Over $12,500 ………………………………………….$3,011.50, plus 37% of the excess over $12,500.

 

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