Taxable Income Brackets for 2018

 

Ordinary Income Tax Rates

Marginal Tax Rate	Married Filing Jointly	Single
10%	$0 – $19,050	$0 – $9,525
12%	$19,051 – $77,400	$9,526 – $38,700
22%	$77,401 – $165,000	$38,701 – $82,500
24%	$165,001 – $315,000	$82,501 – $157,500
32%	$315,001 – $400,000	$157,500 – $200,000
35%	$400,001 – $600,000	$200,000 – $500,000
37%*	Over $600,000	Over $500,000

^*The top rate is effectively 40.8% for those subject to the 3.8% Medicare surtax on net investment income.

Long Term Capital Gains and Qualified Dividends Tax

Long Term Capital Gain Rate	Married Filing Jointly	Single
0%	$0 – $77,200	$0 – $38,600
15%*	$77,201 – $479,000	$38,601 – $425,800
20%**	Over $479,000	Over $425,800

^*Clients in the 15% LTCG tax bracket with MAGI over their 3.8% threshold ($250,000 joint filers/$200,000 single filers) will pay an effective rate of 18.8%.

^**The top rate is effectively 23.8% for those subject to the 3.8% Medicare surtax on net investment income.

Trust Tax Rates

10%	$0 – $2,550	These will now apply for the “Kiddie Tax”   Beginning in 2018: A child’s unearned income will be taxed at trust tax rates, rather than at the parent’s tax rate.   Children affected:   Children under age 18 (or under age 24 for full-time students)
24%	$2,551 – $9,150
35%	$9,151 – 12,500
37%	Over $12,500