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%