Free 2018 Tax Planning2019-01-05T15:05:52+00:00

Free 2018 Tax Planning

Tax Rate Changes – Individual

The tax brackets were updated for individuals in 2018. Be sure to download the excel file in lesson 1 to see how this affect you. See below for new tax brackets.

 

 Single
Lower range  Higher range  Amount Plus
 $                –  $     9,325.00  $               – 10%
 $     9,325.00  $   37,950.00  $        932.50 15%
 $   37,950.00  $   91,900.00  $     5,226.25 25%
 $   91,900.00  $ 191,650.00  $   18,713.75 28%
 $ 191,650.00  $ 416,700.00  $   46,643.75 33%
 $ 416,700.00  $ 418,400.00  $ 120,910.25 35%
 $ 418,400.00  $ 121,505.25 40%
 Head of household
Lower range  Higher range  Amount Plus
 $                –  $   13,350.00  $               – 10%
 $   13,350.00  $   50,800.00  $     1,335.00 15%
 $   50,800.00  $ 131,200.00  $     6,952.50 25%
 $ 131,200.00  $ 212,500.00  $   27,052.50 28%
 $ 212,500.00  $ 416,700.00  $   49,816.50 33%
 $ 416,700.00  $ 444,550.00  $ 117,202.50 35%
 $ 444,550.00  $ 126,950.00 40%

 

 Married filing jointly
Lower range  Higher range  Amount Plus
 $                –  $   18,650.00  $               – 10%
 $   18,650.00  $   75,900.00  $     1,865.00 15%
 $   75,900.00  $ 153,100.00  $   10,452.50 25%
 $ 153,100.00  $ 233,350.00  $   29,752.50 28%
 $ 233,350.00  $ 416,700.00  $   52,222.50 33%
 $ 416,700.00  $ 470,700.00  $ 112,728.00 35%
 $ 470,700.00  $ 131,628.00 40%

 

Married filing separately
Lower range  Higher range  Amount Plus
 $                –  $     9,325.00  $               – 10%
 $     9,325.00  $   37,950.00  $        932.50 15%
 $   37,950.00  $   76,550.00  $     5,226.25 25%
 $   76,550.00  $ 116,675.00  $   14,876.25 28%
 $ 116,675.00  $ 208,350.00  $   26,111.25 33%
 $ 208,350.00  $ 235,350.00  $   56,364.00 35%
 $ 235,350.00  $   65,814.00 40%