Tax Rates
2018 Tax Rates Schedule X – Single
If taxable income is over
$0
But not over
$9,525
The tax is
10% of the taxable amount
If taxable income is over
$9,525
But not over
$38,700
The tax is
$952.50 plus 12% of the excess over $9,525
If taxable income is over
$38,700
But not over
$82,500
The tax is
$4,453.50 plus 22% of the excess over $38,700
If taxable income is over
$82,500
But not over
$157,500
The tax is
$14,089.50 plus 24% of the excess over $82,500
If taxable income is over
$157,500
But not over
$200,000
The tax is
$32,089.50 plus 32% of the excess over $157,500
If taxable income is over
$200,000
But not over
$500,000
The tax is
$45,689.50 plus 35% of the excess over $200,000
If taxable income is over
Over $500,000
But not over
no limit
The tax is
$150,689.50 plus 37% of the excess over $500,000
2018 Tax Rates Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)
If taxable income is over
$0
But not over
$19,050
The tax is
10% of the taxable amount
If taxable income is over
$19,050
But not over
$77,400
The tax is
$1,905 plus 12% of the excess over $19,050
If taxable income is over
$77,400
But not over
$165,000
The tax is
$8,907 plus 22% of the excess over $77,400
If taxable income is over
$165,000
But not over
$315,000
The tax is
$28,179 plus 24% of the excess over $165,000
If taxable income is over
$315,000
But not over
$400,000
The tax is
$64,179 plus 32% of the excess over $315,000
If taxable income is over
$400,000
But not over
$600,000
The tax is
$91,379 plus 35% of the excess over $400,000
If taxable income is over
$600,000
But not over
no limit
The tax is
$161,379 plus 37% of the excess over $600,000
2018 Tax Rates Schedule Y-2 – Married Filing Separately
If taxable income is over
$0
But not over
$9,525
The tax is
10% of the taxable amount
If taxable income is over
$9,525
But not over
$38,700
The tax is
$952.50 plus 12% of the excess over $9,525
If taxable income is over
$38,700
But not over
$82,500
The tax is
$4,453.50 plus 22% of the excess over $38,700
If taxable income is over
$82,500
But not over
$157,500
The tax is
$14,089.50 plus 24% of the excess over $82,500
If taxable income is over
$157,500
But not over
$200,000
The tax is
$32,089.50 plus 32% of the excess over $157,500
If taxable income is over
$200,000
But not over
$300,000
The tax is
$45,689.50 plus 35% of the excess over $200,000
If taxable income is over
Over $300,000
But not over
no limit
The tax is
$80,689.50 plus 37% of the excess over $300,000
2018 Tax Rates Schedule Z – Head of Household
If taxable income is over
$0
But not over
$13,600
The tax is
10% of the taxable amount
If taxable income is over
$13,000
But not over
$51,800
The tax is
$1,360 plus 12% of the excess over $13,600
If taxable income is over
$51,800
But not over
$82,500
The tax is
$5,944 plus 22% of the excess over $51,800
If taxable income is over
$82,500
But not over
$157,500
The tax is
$12,698 plus 24% of the excess over $82,500
If taxable income is over
$157,500
But not over
$200,000
The tax is
$30,698 plus 32% of the excess over $157,500
If taxable income is over
$200,000
But not over
$500,000
The tax is
$44,298 plus 35% of the excess over $200,000
If taxable income is over
Over $500,000
But not over
no limit
The tax is
$149,298 plus 37% of the excess over $500,000
2018 Tax Rates Estates & Trusts
If taxable income is over
$0
But not over
$2,550
The tax is
10% of the taxable income
If taxable income is over
$2,550
But not over
$9,150
The tax is
$255 plus 24% of the excess over $2,550
If taxable income is over
$9,150
But not over
$12,500
The tax is
$1,839 plus 35% of the excess over $9,150
If taxable income is over
$12,500
But not over
no limit
The tax is
$3,011.50 plus 37% of the excess over $12,500
Education 2018 Credit and Deduction Limits
American Opportunity Tax Credit (Hope)
$2,500
Lifetime Learning Credit
$2,000
Student Loan Interest Deduction
$2,500
Coverdell Education Savings Contribution
$2,000
Miscellaneous 2018 Tax Rates
Standard Deduction:
Married filing jointly or Qualifying Widow(er)
$24,000
Standard Deduction:
Head of household
$18,000
Standard Deduction:
Single or Married filing separately
$12,000
Standard Deduction:
Business Equipment Expense Deduction
$1,000,000
Standard Deduction:
Prior-year safe harbor for estimated taxes of higher-income
110% of your 2017 tax liability
Standard Deduction:
Standard mileage rate for business driving
54.5 cents
Standard Deduction:
Standard mileage rate for medical/moving driving
18 cents
Standard Deduction:
Standard mileage rate for charitable driving
14 cents
Standard Deduction:
Child Tax Credit
$2,000 per qualifying child
Standard Deduction:
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $77,200 for joint filers and surviving spouses, $51,700 for heads of household, $38,600 for single filers $38,600 for married taxpayers filing separately, and $2,600 for estates and trusts
0%
Standard Deduction:
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $479,000 for joint filers and surviving spouses, $452,400 for heads of household, $425,800 for single filers, $239,500 for married taxpayers filing separately, and $12,700 for estates and trusts
15%
Standard Deduction:
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $479,000 for joint filers and surviving spouses, $452,400 for heads of household, $425,800 for single filers, $239,500 for married taxpayers filing separately, and $12,700 for estates and trusts
20%
Standard Deduction:
Capital gains tax rate for unrecaptured Sec. 1250 gains
25%
Standard Deduction:
Capital gains tax rate on collectibles and qualified small business stock
28%
Standard Deduction:
Maximum contribution for Traditional/Roth IRA
$5,500 if under age 50 $6,500 if 50 or older
Standard Deduction:
Maximum employee contribution to SIMPLE IRA
$12,500 if under age 50 $15,500 if 50 or older
Standard Deduction:
Maximum Contribution to SEP IRA
25% of compensation
Standard Deduction:
401(k) maximum employee contribution limit
up to $55,000
Standard Deduction:
Self-employed health insurance deduction
$18,500 if under age 50 $24,500 if 50 or older
Standard Deduction:
Estate tax exemption
100%
Standard Deduction:
Annual Exclusion for Gifts
$11,180,000
Standard Deduction:
Foreign Earned Income Exclusion
$15,000
Standard Deduction:
$104,100
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