2018 Tax Brackets

For the next few weeks on Tax Tip Tuesday we will be looking new stuff and changes for 2018. This week…Tax Brackets!

Revised tax brackets for individuals:
10%, 12%, 22%, 24%, 32%, 35% and 37%.

Revised tax brackets for trusts and estates:
10%, 24%, 35% and 37%.

Married Filing Jointly taxable income brackets:
$0 to $19,050 = 10%
$19,051 to $77,400 = 12%
$77,401 to $165,000 = 22%
$165,001 to $315,000 = 24%
$315,001 to $400,000 = 32%
$400,001 to $600,000 = 35%

$600,001 and over = 37%

Click here for a quick look at federal income tax rates and brackets.

Please do not hesitate to contact Howard, Howard and Hodges, if you need any further assistance or help.

Dana McBroom

Certified Public Accountant

About The Author

Dana joined Howard, Howard and Hodges in 1988 and became a partner in 2016. She holds a Bachelor of Science in Business Administration and an MBA from the University of Central Florida. She is a Certified Specialist in Estate Planning, Certified Specialist in Retirement Planning, Qualified 401(k) Administrator, and Certified Valuation Analyst, with experience in estates and trusts, retirement plans, income tax preparation and consulting, business valuations, mergers and acquisitions, and litigation support. Dana is a member of the AICPA and the Florida Institute of CPAs. A Seminole County native, she volunteers with Seminole County Schools and Northland Community Church, and serves on the Seminole County Port Authority and Central Florida Regional Hospital boards.