Helpful Information
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.