Tax Brackets and Tax Rates for 2018

Below are the new tax brackets and tax rates for individuals, estates and trusts for 2018 under the new tax reform that are reflected in the “Tax Jobs and Cuts Act”.    
Inflation adjustments will be made to these amounts for 2019-2025 based on Chained CPI.

tax-rates.jpgMarried Individuals Filing Jointly & Surviving Spouses:

If taxable income is:                             The tax is:
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.

Individual Taxpayers:

If taxable income is:                            The tax is:
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 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 $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.

Head of Household Taxpayers:

If taxable income is:                             The tax is:
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.


married-taxes.jpgMarried Individuals Filing Separately:

If taxable income is:                              The tax is:

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 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:

If taxable income is:                              The tax is:

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.