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2018 New Tax Laws – Tax Rates

Categories Tax Tips (Fed)

The Tax Cuts and Jobs Act (H.R 1) was approved by Congress and signed into law on December 22, 2017. This legislation does not apply to your 2017 taxes.

In the months to come, more information and tips about the new tax laws will be posted to this page. Be sure to Like and Follow this page so you don’t miss any opportunities to save!

The number of brackets for 2018 going forward remain at 7, but rates overall have been lowered.

Individual Returns:

10% ($0-$9,525)
12% ($9,525-$38,700)
22% ($38,700-$82,500)
24% ($82,500-$157,500)
32% ($157,500-$200,000)
35% ($200,000-$500,000)
37% (over $500,000)

Joint Returns:

10% ($0-$19,050)
12% ($19,050-$77,400)
22% ($77,400-$165,000)
24% ($165,000-$315,000)
32% ($315,000-$400,000)
35% ($400,000-$600,000)
37% (over $600,000)

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