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 · Head of household – $200,000 · Qualifying widow(er) with dependent child – $200,000 |
