2018 Tax Reform – New Tax Brackets

It is important understand the changes under the new tax law in effect for 2018.  We will work with you on an individual basis to understand how all the reforms will affect you personally and your business.  This is the first in a series of posts that will give you an overview of the most important changes that affect everyone. Here is a comparison of the updated tax brackets with last year’s tax brackets.

Table comparing 2017 tax brackets with 2018 tax brackets.

 

2017 Law
Taxable Income
2017 Law
Tax Rate
2018 Law
Taxable Income
2018 Law
Tax Rate
Under $9,325 Individual

Under 18,650 Married

 

 10%

Under $9,525 Individual

Under $19,500 Married

10%
$9,325 – $37,950 Individual

$18,650 – $75,900 Married

15% $9,526 – $38,700 Individual

$19,500 – $77,400 Married

12%
$37,950 – $91,900 Individual

$75,900 – $153,100 Married

25% $38,701 – $82,500 Individual

$77,401 – $165,000 Married

22%
$91,900 – $191,650 Individual

$153,100 – $233,350 Married

28% $82,500 – $157,500 Individual

$165,001 – $315,000 Married

24%
$191,650 – $416,700 Individual

$233,350 – $416,700 Married

33% $157,500 – $200,000 Individual

$315,001 – $400,000 Married

32%
$416,700 – $418,400 Individual

$416,700 – $470,700 Married

35% $200,001 – $500,000 Individual

$400,001 – $600,000 Married

35%
Over $418,400 Individual

Over $470,700 Married

39.6% Over $500,000 Individual

Over $600,001 Married

37%

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