Tax Rates 2018

2020 Tax Rates 2019 Tax Rates 2018 Tax Rates 2017 Tax Rates 2016 Tax Rates

2018 tax rates schedule x - single

If taxable income is over	But not over	The tax is
$0	$9,525	10% of the taxable amount
$9,525	$38,700	$952.50 plus 12% of the excess over $9,525
$38,700	$82,500	$4,453.50 plus 22% of the excess over $38,700
$82,500	$157,500	$14,089.50 plus 24% of the excess over $82,500
$157,500	$200,000	$32,089.50 plus 32% of the excess over $157,500
$200,000	$500,000	$45,689.50 plus 35% of the excess over $200,000
Over $500,000	no limit	$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	But not over	The tax is
$0	$19,050	10% of the taxable amount
$19,050	$77,400	$1,905 plus 12% of the excess over $19,050
$77,400	$165,000	$8,907 plus 22% of the excess over $77,400
$165,000	$315,000	$28,179 plus 24% of the excess over $165,000
$315,000	$400,000	$64,179 plus 32% of the excess over $315,000
$400,000	$600,000	$91,379 plus 35% of the excess over $400,000
$600,000	no limit	$161,379 plus 37% of the excess over $600,000

2018 tax rates schedule y-2 - married filing separately

If taxable income is over	But not over	The tax is
$0	$9,525	10% of the taxable amount
$9,525	$38,700	$952.50 plus 12% of the excess over $9,525
$38,700	$82,500	$4,453.50 plus 22% of the excess over $38,700
$82,500	$157,500	$14,089.50 plus 24% of the excess over $82,500
$157,500	$200,000	$32,089.50 plus 32% of the excess over $157,500
$200,000	$300,000	$45,689.50 plus 35% of the excess over $200,000
Over $300,000	no limit	$80,689.50 plus 37% of the excess over $300,000

2018 tax rates schedule z - head of household

If taxable income is over	But not over	The tax is
$0	$13,600	10% of the taxable amount
$13,600	$51,800	$1,360 plus 12% of the excess over $13,600
$51,800	$82,500	$5,944 plus 22% of the excess over $51,800
$82,500	$157,500	$12,698 plus 24% of the excess over $82,500
$157,500	$200,000	$30,698 plus 32% of the excess over $157,500
$200,000	$500,000	$44,298 plus 35% of the excess over $200,000
$500,000	no limit	$149,298 plus 37% of the excess over $500,000

2018 tax rates estates & trusts

If taxable income is over	But not over	The tax is
$0	$2,550	10% of the taxable income
$2,550	$9,150	$255 plus 24% of the excess over $2,550
$9,150	$12,500	$1,839 plus 35% of the excess over $9,150
$12,500	no limit	$3,011.50 plus 37% of the excess over $12,500

social security 2018 tax rates

Base Salary	$128,400
Social Security Tax Rate	6.2%
Maximum Social Security Tax	$7,960.80
Medicare Base Salary	unlimited
Medicare Tax Rate	1.45%

additional medicare 2018 tax rates

Additional Medicare Tax	0.9%
Filing status	Compensation over
Married filing jointly	$250,000
Married filing separate	$125,000
Single	$200,000
Head of household (with qualifying person)	$200,000
Qualifying widow(er) with dependent child	$200,000

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:
1. Married filing jointly or Qualifying Widow(er)	$24,000
2. Head of household	$18,000
3. Single or Married filling separately	$12,000
Business Equipment Expense Deduction	$1,000,000
Prior-year safe harbor for estimated taxes of higher-income	110% of your 2017 tax liability
Standard mileage rate for business driving	54.5 cents
Standard mileage rate for medical/moving driving	18 cents
Standard mileage rate for charitable driving	14 cents
Child Tax Credit	$2,000 per qualifying child
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%
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%
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%
Capital gains tax rate for unrecaptured Sec. 1250 gains	25%
Capital gains tax rate on collectibles and qualified small business stock	28%
Maximum contribution for Traditional/Roth IRA	$5,500 if under age 50 / $6,500 if 50 or older
Maximum employee contribution to SIMPLE IRA	$12,500 if under age 50 / $15,500 if 50 or older
Maximum Contribution to SEP IRA	25% of compensation up to $55,000
401(k) maximum employee contribution limit	$18,500 if under age 50 / $24,500 if 50 or older
Self-employed health insurance deduction	100%
Estate tax exemption	$11,180,000
Annual Exclusion for Gifts	$15,000
Foreign Earned Income Exclusion	$104,100

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