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2018 Tax Brackets (IRS Federal Income Tax Rates)

Here are the new 2018 tax brackets:

Tax Rates

Single Filer Tax Brackets

Married Filing Jointly Tax Brackets

Married Filing Separately Tax Brackets

Head of Household Tax Brackets

10%

$0-$9,525

$0-$19,050

$0-$9,525

$0-$13,600

12%

$9,525-$38,700

$19,050-$77,400

$9,525-$38,700

$13,600-$51,800

22%

$38,700-$82,500

$77,400-$165,000

$38,700-$82,500

$51,800-$82,500

24%

$82,500-$157,500

$165,000-$315,000

$82,500-$157,500

$82,500-$157,500

32%

$157,500-$200,000

$315,000-$400,000

$157,500-$200,000

$157,500-$200,000

35%

$200,000-$500,000

$400,000-$600,000

$200,000-$300,000

$200,000-$500,000

37%

$500,000+

$600,000+

$300,000+

$500,000+

2018 Standard Deductions & Exemptions

The 2018 standard deduction and exemption amounts. Note that the personal exemption is completely eliminated:

Filing Status:

Deduction Amount:

Single

$12,000

Married Filing Separately

$12,000

Married Filing Jointly

$24,000

Head of Household

$18,000

Personal Exemption

$0

IRA Contributions 

For 2018, your total contributions to all of your traditional and Roth IRAs cannot be more than:

  • $5,500 ($6,500 if you’re age 50 or older), or
  • your taxable compensation for the year, if your compensation was less than this dollar limit.