Federal Tax Brackets for 2018 and 2019

2018 Federal Tax Brackets

Here are the federal tax brackets for 2018 for single, married and head of household taxpayers. These tax brackets will be between 10 percent and 37 percent.

The deadline to file taxes for 2018 is Monday, April 15, 2019. If you decide to ask for an extension, note that it’s an extension to file — you’ll still need to pay your taxes by the April 15 deadline, so don’t delay!

2018 Single Taxable Income Brackets and Rates

Rate Taxable Income Bracket Tax Owed 10%$0 to $9,52510% of taxable income12%$9,526 to $38,700$952.50 + 12% of the amount over $9,52522%$38,701 to $82,500$4,453.50 + 22% of the amount over $38,70024%$82,501 to $157,500$14,089.50 + 24% of the amount over $82,50032%$157,501 to $200,000$32,089.50 + 32% of the amount over $157,50035%$200,001 to $500,000$45,689.50 + 35% of the amount over $200,00037%$500,001+$150,689.50 + 37% of the amount over $500,000

2018 Married Filing Jointly Taxable Income Brackets and Rates

Rate Taxable Income Bracket Tax Owed 10%$0 to $19,05010% of taxable income12%$19,051 to $77,400$1,905 + 12% of the amount over $19,05022%$77,401 to $165,000$8,907 + 22% of the amount over $77,40024%$165,001 to $315,000$28,179 + 24% of the amount over $165,00032%$315,001 to $400,000$64,179 + 32% of the amount over $315,00035%$400,001 to $600,000$91,379 + 35% of the amount over $400,00037%$600,000+$161,379 + 37% of the amount over $600,000

2018 Married Filing Separately Taxable Income Brackets and Rates

Rate Taxable Income Bracket Tax Owed 10%$0 to $9,52510% of taxable income12%$9,526 to $38,700$952.50 + 12% of the amount over $9,52522%$38,701 to $82,500$4,453.50 + 22% of the amount over $38,70024%$82,501 to $157,500$14,089.50 + 24% of the amount over $82,50032%$157,501 to $200,000$32,089.50 + 32% of the amount over $157,50035%$200,001 to $300,000$45,689.50 + 35% of the amount over $200,00037%$300,000+$80,689.50 + 37% of the amount over $300,000

2018 Head of Household Tax Brackets and Rates

Rate Taxable Income Bracket Tax Owed 10%$0 to $13,60010% of taxable income12%$13,601 to $51,800$1,360 + 12% of the amount over $13,60022%$51,801 to 82,500$5,944 + 22% of the amount over $51,80024%$82,501 to $157,500$12,698 + 24% of the amount over $82,50032%$157,501 to $200,000$30,698 + 32% of the amount over $157,50035%$200,001 to $500,000$44,298 + 35% of the amount over $200,00037%$500,001+$149,298 + 37% of the amount over $500,000

2018 Standard Deductions

While the personal exemption for the 2018 tax year will be nixed, the standard deduction will be bumped up $5,500 for single filers and $11,000 for married couples that are filing jointly.

2018 Standard Deduction

Filing Status Deduction Amount Single$12,000Married Filing Jointly$24,000Head of Household$18,000

2019 Federal Tax Brackets

In 2019, the IRS will adjust income limits, deduction amounts and credit values for all tax brackets and categories of filers for inflation.

While this happens every year, a major difference is that in the past the IRS used the Consumer Price Index (CPI) to calculate inflation. But due to the Tax Cuts and Jobs Act of 2017, the IRS will now use the Chained Consumer Price Index (C-CPI) to make these adjustments.

2019 Single Taxable Income Brackets and Rates

Rate Taxable Income Bracket Tax Owed 10%0 to $9,70010% of taxable income12%$9,701 to $39,475$970 + 12% of the amount over $9,70022%$39,476 to $84,200$4,543 + 22% of the amount over $39,47524%$84,201 to $160,725$14,382.50 + 24% of the amount over $84,20032%$160,726 to $204,100$32,478.50 + 32% of the amount over $160,72535%$204,101 to $510,300$46,628.50 + 35% of the amount over $204,10037%$510,301 +$153,798.50 + 37% of the amount over $510,300

2019 Married Filing Jointly Taxable Income Brackets and Rates

Rate Taxable Income Bracket Taxes Owed 10%$0 to $19,40010% of taxable income12%$19,401 to $78,950$1,940 + 12% of the amount over $19,40022%$78,951 to $168,400$9,086 + 22% of the amount over $78,95024%$168,401 to $321,450$28,765 + 24% of the amount over $168,40032%$321,451 to $408,200$65,497 + 32% of the amount over $321,45035%$408,201 to $612,350$93,257 + 35% of the amount over $408,20037%$612,351 +$164,709.50 + 37% of the amount over $612,350

2019 Married Filing Separately Taxable Income Brackets

Rate Taxable Income Bracket Taxes Owed 10%0 to $9,70010% of taxable income12%$9,701 to $39,475$970 + 12% of the amount over $9,70022%$39,476 to $84,200$4,543 + 22% of the amount over $39,47524%$84,201 to $160,725$14,382.50 + 24% of the amount over $84,20032%$160,726 to $204,100$32,748.50 + 32% of the amount over $160,72535%$204,101 to $306,175$46,628.50 + 35% of the amount over $204,10037%$306,176+$82,354.17 + 37% of the amount over $306,175

2019 Head of Household Taxable Income

Rate Taxable Income Bracket Taxes Owed 10%$0 to $13,85010% of taxable income12%$13,851 to $52,850$1,385 + 12% of the amount over $13,85022%$52,851 to $84,200$6,065 + 22% of the amount over $52,85024%$84,201 to $160,700$12,962 + 24% of the amount over $84,20032%$160,701 to $204,100$31,322 + 32% of the amount over $160,70035%$204,101 to $510,300$45,210 + 35% of the amount over $204,10037%$510,301+$152,380 + 37% of the amount over $510,300

Standard Deduction and Personal Exemption

In 2019, the personal exemption remains nixed. However, the standard deduction for single filers will increase by $200. For married couples filing jointly, the standard deduction will get a $400 bump.

Filing Status Deduction Amount Single$12,200Married, Filing Jointly$24,400Head of Household$18,350

Qualified Business Income Deduction

Small business owners take note: The TCJA of 2017 included a 20 percent deduction for pass-through businesses. The thresholds are as follows:

Filing Status Threshold Unmarried Individuals$160,700Married Filing Jointly$321,400

You can speak to a representative at Bizee’s business tax service for professional advice and get assistance filing your business taxes with the IRS.