2018 Tax Rates

Tax rates change every year. Take a look at the tax rates for 2018.

 

Federal Income Tax Rates

Single:

Taxable Income Tax Rate
$0 to $9,525 10% of taxable income
$9,526 to $38,700 $952.50 plus 12% of the amount over $9,525
$38,701 to $82,500 $4,453.50 plus 22% of the amount over $38,700
$82,501 to $157,500 $14,089.50 plus 24% of the amount over $82,500
$157,501 to $200,000 $32,089.50 plus 32% of the amount over $157,500
$200,001 to $500,000 $45,689.50 plus 35% of the amount over $200,000
$500,001 or more $150,689.50 plus 37% of the amount over $500,000

 

Married Filing Jointly or Qualifying Widow(er):

Taxable Income Tax Rate
$0 to $19,050 10% of taxable income
$19,051 to $77,400 $1,905.00 plus 12% of the amount over $19,050
$77,401 to $165,000 $8,907.00 plus 22% of the amount over $77,400
$165,001 to $315,000 $28,179.00 plus 24% of the amount over $165,000
$315,001 to $400,000 $64,179.00 plus 32% of the amount over $315,000
$400,001 to $600,000 $91,379.00 plus 35% of the amount over $400,000
$600,001 or more $161,379.00 plus 37% of the amount over $600,000

 

Married Filing Separately:

Taxable Income Tax Rate
$0 to $9,525 10% of taxable income
$9,526 to $38,700 $952.50 plus 12% of the amount over $9,525
$38,701 to $82,500 $4,453.50 plus 22% of the amount over $38,700
$82,501 to $157,500 $14,089.50 plus 24% of the amount over $82,500
$157,501 to $200,000 $32,089.50 plus 32% of the amount over $157,500
$200,001 to $300,000 $45,689.50 plus 35% of the amount over $200,000
$300,001 or more $80,689.50 plus 37% of the amount over $300,000


Head of Household:

Taxable Income Tax Rate
$0 to $13,600 10% of taxable income
$13,601 to $51,800 $1,360.00 plus 12% of the amount over $13,600
$51,801 to $82,500 $5,944.00 plus 22% of the amount over $51,800
$82,501 to $157,500 $12,698.00 plus 24% of the amount over $82,500
$157,501 to $200,000 $30,698.00 plus 32% of the amount over $157,500
$200,001 to $500,000 $44,298.00 plus 35% of the amount over $200,000
$500,001 or more $149,298.00 plus 37% of the amount over $500,000

 

 

Social Security and Medicare Tax Rates

 

Social Security 2018 Tax Rate  
Maximum Income Subject to Social Security Tax $128,400
Social Security Tax Rate 6.2%
Maximum Social Security Tax $7,960.80

 

 

Medicare 2018 Tax Rate
Maximum Income Subject to Medicare Tax Unlimited
Medicare Tax Rate 1.45%
Additional Medicare Tax for High Earners Additional 0.9% on amounts over:

·         Single:   $200,000

·         Married filing jointly: $250,000

·         Married filing separately: $125,000