Susan E. Thomas CPA
Newsletter
What is my tax bracket?

Generally, a tax bracket is the income tax rate at which you are taxed for a certain range of income. The income ranges vary, depending on your filing status: single, married filing jointly (or qualifying widow(er)), married filing separately, or head of household. Brackets are expressed by their marginal tax rate, which refers to the rate at which your next dollar of income will be taxed. There are seven marginal tax rates in 2018: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.

Year 2018 federal income tax rates for single taxpayers are as follows:

If Taxable Income Is:

Your Tax Is:

Not over $9,525

10% of taxable income

Over $9,525, but not over $38,700

$952.50

+ 12% of excess over $9,525

Over $38,700, but not over $82,500

$4,453.50

+ 22% of excess over $38,700

Over $82,500, but not over $157,500

$14,089.50

+ 24% of excess over $82,500

Over $157,500, but not over $200,000

$32,089.50

+ 32% of excess over $157,500

Over $200,000 but not over $500,000

$45,689.50 + 35% of excess over $200,000

Over $500,000 $150,689.50 + 37% of excess over $500,000


Prepared by Broadridge Investor Communication Solutions, Inc, Copyright 2011