Marginal Ordinary Income Tax Rates
Single
| Rate | From | To |
|---|---|---|
| 10% | 0 | 9,525 |
| 12% | 9,526 | 38,700 |
| 22% | 38,701 | 82,500 |
| 24% | 82,501 | 157,500 |
| 32% | 157,501 | 200,000 |
| 35% | 200,001 | 500,000 |
| 37% | 500,001 |
Head of Household
| Rate | From | To |
|---|---|---|
| 10% | 0 | 13,600 |
| 12% | 13,601 | 51,800 |
| 22% | 51,801 | 82,500 |
| 24% | 82,501 | 157,500 |
| 32% | 157,501 | 200,000 |
| 35% | 200,001 | 500,000 |
| 37% | 500,001 |
Married Filing Jointly & Qualifying Widow(er)
| Rate | From | To |
|---|---|---|
| 10% | 0 | 19,050 |
| 12% | 19,051 | 77,400 |
| 22% | 77,401 | 165,000 |
| 24% | 165,001 | 315,000 |
| 32% | 315,001 | 400,000 |
| 35% | 400,001 | 600,000 |
| 37% | 600,001 |
Married Filing Separately
| Rate | From | To |
|---|---|---|
| 10% | 0 | 9,525 |
| 12% | 9,526 | 38,700 |
| 22% | 38,701 | 82,500 |
| 24% | 82,501 | 157,500 |
| 32% | 157,501 | 200,000 |
| 35% | 200,001 | 300,000 |
| 37% | 300,001 |
Standard Deduction
Filing Status
Amount
Single
$12,000
Head of Household
$18,000
Married Filing Joint/Qualifying Widow(er)
$24,000
Marrifed Filing Separate
$12,000
Additional Standard Deduction if Blind or Age 65+
Amount
Single
$1,600
Head of Household
$1,600
Married Filing Joint/Qualifying Widow(er)
$1,300
Marrifed Filing Separate
$1,300
Standard Deduction For Dependents
Amount
Regular Amount
$1,050
Maximum amount earned plus $350 up to allowed standard deduction based upon filing status
Personal Exemptions
For 2019-2025, the personal exemption has been suspended; personal exemption is $0.
Phaseout of Personal Exemptions for 2018
Filing Status
Phaseout Begins
Phaseout Ends
Married Filing Joint
N/A
N/A
Qualifying Widow(er)
N/A
N/A
Head of Household
N/A
N/A
Single
N/A
N/A
Married Filing Separately
N/A
N/A
Child Tax Credit
The child tax credit is $2,000 per qualifying child. The refundable portions (additional child tax credit)
is $1,400. The credit begins to phase-out at modified adjusted income of $400,000 for married filing joint (
$200,000 for all others).
Capital Gains - Long Term (LT) and Short Term (ST)
Type of Asset
ST Tax Rate
LT Tax Rate
Net Investment Income Tax
Collectibles
Ordinary Tax Rates
28%
Potential 3.8%
Depreciation Recapture
Ordinary Tax Rates
25%
Potential 3.8%
Qualified Small Bus Stock
Ordinary Tax Rates
28% after exclusion
Potential 3.8%
Other Capital Assets
Ordinary Tax Rates
(See table below)
Potential 3.8%
LTCG Rate
0%
15%
20%
Single
$0-$38,600
$38,601-$425,800
$426,801+
MFJ
$0-$77,200
$77,201-$479,000
$479,001+
H of H
$0-$51,700
$51,700-$452,400
$452,400+
MFS
$0-$38,600
$38,601-$239,500
$239,500+