NEW IRS TAX RATES

Federal Individual Income Tax Tates

2018-2025 Tax Brackets for Single Filing Individuals
If taxable income is: Then the income tax equals:
Not over $9,525 10% of taxable income
Over $9,525 but not over $82,500 $952.50 plus 12% of the excess over $9,525
Over $38,700 but not over $157,500 $4,453.50 plus 22% 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 $500,000 $45,689.50 plus 35% of the excess over $200,000
Over $500,000 $150,689.50 plus 37% of the excess over $500,000

 

2018-2025 tax brackets for Married Filing Joint and Surviving Spouses
If taxable income is: Then Income Tax Equals:
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 $315,000
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

 

2018-2025 tax brackets for Married Filing Separate Returns
If Taxable Income Is: Then Income Tax Equals:
Not over $9,525 10% of taxable income
Over $9,525 but not over $38,700 $952.50 plus 12% of the excess over $38,700
Over $38,700 but not over $82,500 $4,453.50 plus 22% of the excess over $82,500
Over $82,500 but not over $157,500 $14,089.50 plus 34% of the excess over $157,500
Over $157,500 but not over $200,000 $32,089.50 plus 32% of the excess over $200,000
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

 

2018-2025 tax brackets for Heads of Households
If Taxable Income is: Then Income Tax Equals:
Not over $13,600 10% of the 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
)ver $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

 

 

2018 Pass-through, sole proprietor and parternship tax rates

 

Tax rates for pass-through entities (S-corps), sole proprietors, and parternships are the tax rates from the personal tax tables above.

IMPORTANT NOTE: The Quallfied Business Income deduction may apply and could save you a tremendous amount on your taxes.

 

2018 Corporate Tax Rates

Tax Reform eliminated the numerous tax brackets for corproation and imposed isntead of 21% tax rate on C-corp income.

 

Important notes:

 

These tables do not include employment taxes such as Medicare and Social Security taxes. These table do not include dividend or long term capital gains rates. Dividends and long term taxable gains can be taxed up to 23.8% (top rate of 20% plus a 3.8% ObamaCare surcharge).

 

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