Federal Tax Brackets for 2018 and 2019

Federal Tax Brackets for 2018 and 2019

As we enter tax season, it’s important to know the federal tax brackets for both 2018 and 2019, and be in the loop about any changes. Let’s go over the federal tax brackets as well as the standard deduction amounts.

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 $9,525 10% of taxable income
12% $9,526 to $38,700 $952.50 + 12% of the amount over $9,525
22% $38,701 to $82,500 $4,453.50 + 22% of the amount over $38,700
24% $82,501 to $157,500 $14,089.50 + 24% of the amount over $82,500
32% $157,501 to $200,000 $32,089.50 + 32% of the amount over $157,500
35% $200,001 to $500,000 $45,689.50 + 35% of the amount over $200,000
37% $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 $19,050 10% of taxable income
12% $19,051 to $77,400 $1,905 + 12% of the amount over $19,050
22% $77,401 to $165,000 $8,907 + 22% of the amount over $77,400
24% $165,001 to $315,000 $28,179 + 24% of the amount over $165,000
32% $315,001 to $400,000 $64,179 + 32% of the amount over $315,000
35% $400,001 to $600,000 $91,379 + 35% of the amount over $400,000
37% $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 $9,525 10% of taxable income
12% $9,526 to $38,700 $952.50 + 12% of the amount over $9,525
22% $38,701 to $82,500 $4,453.50 + 22% of the amount over $38,700
24% $82,501 to $157,500 $14,089.50 + 24% of the amount over $82,500
32% $157,501 to $200,000 $32,089.50 + 32% of the amount over $157,500
35% $200,001 to $300,000 $45,689.50 + 35% of the amount over $200,000
37% $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 $13,600 10% of taxable income
12% $13,601 to $51,800 $1,360 + 12% of the amount over $13,600
22% $51,801 to 82,500 $5,944 + 22% of the amount over $51,800
24% $82,501 to $157,500 $12,698 + 24% of the amount over $82,500
32% $157,501 to $200,000 $30,698 + 32% of the amount over $157,500
35% $200,001 to $500,000 $44,298 + 35% of the amount over $200,000
37% $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 $12,000
Married Filing Jointly $24,000
Head 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 $9,700 10% of taxable income
12% $9,701 to $39,475 $970 + 12% of the amount over $9,700
22% $39,476 to $84,200 $4,543 + 22% of the amount over $39,475
24% $84,201 to $160,725 $14,382.50 + 24% of the amount over $84,200
32% $160,726 to $204,100 $32,478.50 + 32% of the amount over $160,725
35% $204,101 to $510,300 $46,628.50 + 35% of the amount over $204,100
37% $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 $19,400 10% of taxable income
12% $19,401 to $78,950 $1,940 + 12% of the amount over $19,400
22% $78,951 to $168,400 $9,086 + 22% of the amount over $78,950
24% $168,401 to $321,450 $28,765 + 24% of the amount over $168,400
32% $321,451 to $408,200 $65,497 + 32% of the amount over $321,450
35% $408,201 to $612,350 $93,257 + 35% of the amount over $408,200
37% $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 $9,700 10% of taxable income
12% $9,701 to $39,475 $970 + 12% of the amount over $9,700
22% $39,476 to $84,200 $4,543 + 22% of the amount over $39,475
24% $84,201 to $160,725 $14,382.50 + 24% of the amount over $84,200
32% $160,726 to $204,100 $32,748.50 + 32% of the amount over $160,725
35% $204,101 to $306,175 $46,628.50 + 35% of the amount over $204,100
37% $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 $13,850 10% of taxable income
12% $13,851 to $52,850 $1,385 + 12% of the amount over $13,850
22% $52,851 to $84,200 $6,065 + 22% of the amount over $52,850
24% $84,201 to $160,700 $12,962 + 24% of the amount over $84,200
32% $160,701 to $204,100 $31,322 + 32% of the amount over $160,700
35% $204,101 to $510,300 $45,210 + 35% of the amount over $204,100
37% $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 $12,200
Married, Filing Jointly $24,400
Head 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 $160,700
Married Filing Jointly $321,400

If you have any questions about what business structure is right for your company or would like help filing your business taxes, Incfile is here for you. You can speak to a representative at Incfile’s business taxes service for professional advice and get assistance filing your business taxes with the IRS.

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Jackie Lam

Founder at Cheapsters
Jackie is the founder of Cheapsters, a website dedicated to helping freelancers. She is passionate and dedicated copywriter and personal finance writer with nearly 10 years experience in copyediting, proofing, copywriting, photo research and licensing, production coordination, and blogging. Her specialties include: personal finance for millennials, long-term finance goals, budgeting on a variable income, and small business finance.
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