There are 7 Federal income tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your tax rate is based on your income level and filing status. These are the new tax rates come from the Tax Jobs and Cuts Act of 2017. These new rates are effective as of January 1, 2018.
Single
| Taxable Income |
Tax Rate |
| $0 – $9,525 |
10% of taxable income |
| $9,526 – $38,700 |
$952.50 plus 12% of the amount over $9,525 |
| $38,701 – $82,500 |
$4,453.50 plus 22% of the amount over $38,700 |
| $82,501 – $157,500 |
$14,089.50 plus 24% of the amount over $82,500 |
| $157,501 – $200,000 |
$32,089.50 plus 32% of the amount over $157,500 |
| $200,001 – $500,000 |
$45,689.50 plus 35% of the amount over $200,000 |
| $500,001 or more |
$150,689.50 plus 37% of the amount over $500,000 |
Married Filing Separately
| Taxable Income |
Tax Rate |
| $0 – $9,525 |
10% of taxable income |
| $9,526 – $38,700 |
$952.50 plus 12% of the amount over $9,525 |
| $38,701 – $82,500 |
$4,453.50 plus 22% of the amount over $38,700 |
| $82,501 – $157,500 |
$14,089.50 plus 24% of the amount over $82,500 |
| $157,501 – $200,000 |
$32,089.50 plus 32% of the amount over $157,500 |
| $200,001 – $300,000 |
$45,689.50 plus 35% of the amount over $200,000 |
| $300,001 or more |
$80,689.50 plus 37% of the amount over $300,000 |
Married Filing Jointly
| Taxable Income |
Tax Rate |
| $0 – $19,050 |
10% of taxable income |
| $19,051 – $77,400 |
$1,905 plus 12% of the amount over $19,050 |
| $77,401 – $165,000 |
$8,907 plus 22% of the amount over $77,400 |
| $165,001 – $315,000 |
$28,179 plus 24% of the amount over $165,000 |
| $315,001 – $400,000 |
$64,179 plus 32% of the amount over $315,000 |
| $400,001 – $600,000 |
$91,379 plus 35% of the amount over $400,000 |
| $600,001 or more |
$161,379 plus 37% of the amount over $600,000 |
Head of Household
| Taxable Income |
Tax Rate |
| $0 – $13,600 |
10% of taxable income |
| $13,601 – $51,800 |
$1,360 plus 12% of the amount over $13,600 |
| $51,801 – $82,500 |
$5,944 plus 22% of the amount over $51,800 |
| $82,501 – $157,500 |
$12,698 plus 24% of the amount over $82,500 |
| $157,501 – $200,000 |
$30,698 plus 32% of the amount over $157,500 |
| $200,001 – $500,000 |
$44,298 plus 35% of the amount over $200,000 |
| $500,001 or more |
$149,298 plus 37% of the amount over $500,000 |
Standard Deduction Amounts
| Filing Status |
Standard Deduction |
| Single |
$12,000 |
| Married Filing Jointly or Qualifying Widow(er) |
$24,000 |
| Married Filing Separately |
$12,000 |
| Head of Household |
$18,000 |