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Tax Rates

 2018 Tax Rates

 

Individual Income Tax Rates – Effective with tax years beginning after December 31, 2017. The rates and brackets are:

 

 

Single
If Taxable Income Is:The Tax Is:
$0 to $9,52510% of Taxable Income
$9,325 to $38,70012% up to amount $38,700
$37,950 to $82,50022% of the amount $82,500
$82,500 to $157,50024% of the amount $157,500
$157,500 to $200,0032% of the amount $200,000
$200,000 to $500,00035% of the amount $500,000
Over $500,00037% of the amount over $418,400

 

 

Head of Household
If Taxable Income is:The Tax Is:
$0 to $13,600 10% of Taxable Income
$13,600 to $51,80012% of the amount up to $51,800
$51,800 to $82,50022% of the amount up to $82,500
$82,500 to $157,50024% of the amount up to $157,500
$157,500 to $200,00032% of the amount up to $200,000
$200,000 to $500,00035% of the amount up to $500,000
Over $500,00037% of the amount over $500,000

 

 

Married Filing Jointly
If Taxable Income is:The Tax Is:
$0 to $19,05010% of Taxable Income
$19,050 to $77,40012% of the amount up to $77,400
$77,400 to $165,000 22% of the amount up to $165,000
$165,000 to $315,000 24% of the amount up to $315,000
$315,000 to $400,00032% of the amount up to $400,000
$400,000 to $600,00035% of the amount up to $600,000
Over $600,00037% of the amount over $600,000

 

 

Married Filing Separately
If Taxable Income is:The Tax Is:
$0 to $9,52510% of Taxable Income
$9,525 to $38,70012% of the amount up to $38,700
$38,700 to $82,50022% of the amount up to $82,500
$82,500 to $157,50024% of the amount up to $157,500
$157,500 to $200,00032% of the amount up to $200,000
$200,000 to $300,00035% of the amount up to $300,000
Over $500,00037% of the amount over $500,000

 

 

Estates and Rates
If Taxable Income is:The Tax Is:
$0 to $2,55010% of Taxable Income
$2,550 to $9,15024% of the amount up to $9,150
$9,150 to $12,50035% of the amount up to $12,500
Over $12,500 37% of the amount over $12,500

 

 

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Call us at (781) 233-2003