Tax Rates

Single Taxable Income 2018
Over Not Over    %
 $        0 $   9,525  10%
      9,526    38,700  12%
    38,701    82,500  22%
    82,501  157,500  24%
  157,501  200,000  32%
  200,001  500,000  35%
  500,000+   ———  37%
 

 

Married Taxable Income 2018
Over Not Over    %
$          0  $ 19,050  10%
    19,051     77,400  12%
    77,401   165,000  22%
  165,001   315,000  24%
  315,001   400,000  32%
  400,001   600,000  35%
  600,000+    ———  37%

    

2018 Tax Facts:
Exemption

 

The personal exemption is repealed.

 

Standard Deduction

 

$12,000 single

$24,000 married

Long Term Capital Gains Rate

 

20% max

 

Qualified Dividend Rate

 

20% max

 

 Estate Tax Exclusion

 

>$11 million per person

(inflation adjustment)

Annual Gift Exclusion

 

$15,000