TAX RATES
2018 Tax Rates Schedule X - Single
If taxable income is over
But not over
The tax is
$0
$9,525
$38,700
$82,500
$157,500
$200,000
Over $500,000
$9,525
$38,700
$82,500
$157,500
$200,000
$500,000
no limit
10% of the taxable amount
$952.50 plus 12% of the excess over $9,525
$4,453.50 plus 22% of the excess over $38,700
$14,089.50 plus 24% of the excess over $82,500
$32,089.50 plus 32% of the excess over $157,500
$45,689.50 plus 35% of the excess over $200,000
$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
$77,400
$165,000
$315,000
$400,000
$600,000
$19,050
$77,400
$165,000
$315,000
$400,000
$600,000
no limit
10% of the taxable amount
$1,905 plus 12% of the excess over $19,050
$8,907 plus 22% of the excess over $77,400
$28,179 plus 24% of the excess over $165,000
$64,179 plus 32% of the excess over $315,000
$91,379 plus 35% of the excess over $400,000
$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
$38,700
$82,500
$157,500
$200,000
Over $300,000
$9,525
$38,700
$82,500
$157,500
$200,000
$300,000
no limit
10% of the taxable amount
$952.50 plus 12% of the excess over $9,525
$4,453.50 plus 22% of the excess over $38,700
$14,089.50 plus 24% of the excess over $82,500
$32,089.50 plus 32% of the excess over $157,500
$45,689.50 plus 35% of the excess over $200,000
$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
$51,800
$82,500
$157,500
$200,000
$500,000
$13,600
$51,800
$82,500
$157,500
$200,000
$500,000
no limit
0% of the taxable amount
$1,360 plus 12% of the excess over $13,600
$5,944 plus 22% of the excess over $51,800
$12,698 plus 24% of the excess over $82,500
$30,698 plus 32% of the excess over $157,500
$44,298 plus 35% of the excess over $200,000
$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
$9,150
$12,500
$2,550
$9,150
$12,500
no limit
10% of the taxable income
$255 plus 24% of the excess over $2,550
$1,839 plus 35% of the excess over $9,150
$3,011.50 plus 37% of the excess over $12,500
Social Security 2018 Tax Rates
Base Salary
Social Security Tax Rate
Maximum Social Security Tax
Medicare Base Salary
Medicare Tax Rate
$128,700
6.2%
$7,979.40
unlimited
1.45%
Additional Medicare 2018 Tax Rates
Additional Medicare Tax
Filing status
Married filing jointly
Married filing separate
Single
Head of household (with qualifying person)
Qualifying widow(er) with dependent child
0.9%
Compensation over
$250,000
$125,000
$200,000
$200,000
$200,000
Education 2018 Credit and Deduction Limits
American Opportunity Tax Credit (Hope)
Lifetime Learning Credit
Student Loan Interest Deduction
Coverdell Education Savings Contribution
$2,500
$2,000
$2,500
$2,000
2018 Tax Rates Schedule Y-2 - Married Filing Separately
Standard Deduction:
-
Married filing jointly or Qualifying Widow(er)
-
Head of household
-
Single or Married filling separately
Business Equipment Expense Deduction​
Prior-year safe harbor for estimated taxes of higher-income
Standard mileage rate for business driving
Standard mileage rate for medical/moving driving
Standard mileage rate for charitable driving
Child Tax Credit
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
​
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
​
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
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Capital gains tax rate for unrecaptured Sec. 1250 gains
Capital gains tax rate on collectibles and qualified small business stock
Maximum contribution for Traditional/Roth IRA
Maximum employee contribution to SIMPLE IRA
Maximum Contribution to SEP IRA
401(k) maximum employee contribution limit
Self-employed health insurance deduction
Estate tax exemption
Annual Exclusion for Gifts
Foreign Earned Income Exclusion
$24,000
$18,000
$12,000
$1,000,000
110% of your 2017 tax liability
54.5 cents
18 cents
14 cents
$2,000 per qualifying child
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0%
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15%
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20%
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25%
28%
$5,500 if under age 50 - $6,500 if 50 or older
$12,500 if under age 50 - $15,500 if 50 or older
25% of compensation up to $55,000
$18,500 if under age 50 - $24,000 if 50 or older
100%
$11,200,000
$15,000
$104,100