Tax Info - 2018

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 Blink 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+