2018 Individual Income Tax Brackets

The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status.

These tax rates are new and come from the Tax Jobs and Cuts Act of 2017, which was signed into law by President Trump on December 22, 2017. These tax changes are effective as of January 1, 2018.

While there are still 7 tax brackets, the rates have decreased overall. (These lower tax rates will expire in 2025, unless Congress votes to extend them.) The top rate is reduced from 39.6% to 37%. The bottom rate is still 10%, but it now covers more income.

Remember that moving into a higher tax bracket does not mean that all of your income will be taxed at a higher rate. Instead, only the money that you earn within a particular bracket is subject to that particular tax rate.

Here are the 2018 tax rates and brackets organized by filing status:

Single

Taxable Income Tax Rate

$0 - $9,52510% of taxable income

$9,526 - $38,700$952.50 plus 12% of the amount over $9,525

$38,701 - $82,500$4,453.50 plus 22% of the amount over $38,700

$82,501 - $157,500$14,089.50 plus 24% of the amount over $82,500

$157,501 - $200,000$32,089.50 plus 32% of the amount over $157,500

$200,001 - $500,000$45,689.50 plus 35% of the amount over $200,000

$500,001 or more$150,689.50 plus 37% of the amount over $500,000

 

Married Filing Jointly or Qualifying Widow(er)

Taxable Income Tax Rate

$0 - $19,05010% of taxable income

$19,051 - $77,400$1,905 plus 12% of the amount over $19,050

$77,401 - $165,000$8,907 plus 22% of the amount over $77,400

$165,001 - $315,000$28,179 plus 24% of the amount over $165,000

$315,001 - $400,000$64,179 plus 32% of the amount over $315,000

$400,001 - $600,000$91,379 plus 35% of the amount over $400,000

$600,001 or more$161,379 plus 37% of the amount over $600,000

 

Married Filing Separately

Taxable Income Tax Rate

$0 - $9,52510% of taxable income

$9,526 - $38,700$952.50 plus 12% of the amount over $9,525

$38,701 - $82,500$4,453.50 plus 22% of the amount over $38,700

$82,501 - $157,500$14,089.50 plus 24% of the amount over $82,500

$157,501 - $200,000$32,089.50 plus 32% of the amount over $157,500

$200,001 - $300,000$45,689.50 plus 35% of the amount over $200,000

$300,001 or more$80,689.50 plus 37% of the amount over $300,000

 

Head of Household

Taxable Income Tax Rate

$0 - $13,60010% of taxable income

$13,601 - $51,800$1,360 plus 12% of the amount over $13,600

$51,801 - $82,500$5,944 plus 22% of the amount over $51,800

$82,501 - $157,500$12,698 plus 24% of the amount over $82,500

$157,501 - $200,000$30,698 plus 32% of the amount over $157,500

$200,001 - $500,000$44,298 plus 35% of the amount over $200,000

$500,001 or more$149,298 plus 37% of the amount over $500,000

 

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NOTE: There are no personal exemption amounts for 2018.