US Federal Income Tax Rates & Brackets for 2018 US Federal Income tax brackets and marginal tax rates for the 2018 tax year. |
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May 22, 2018: The
tables below show the United States Federal Income tax brackets
and marginal tax rates for the 2018 tax year. Last year, the top Federal marginal tax
rate was 39.6%. This year the
top rate is 1.6% lower at 37.0%, the personal exemption was been eliminated, and the standard deduction was increased. On December 22, 2017 President Donald Trump signed the GOP tax plan called the "Tax Cuts and Jobs Act of 2017" into law. I summarized the changes for individuals and corporations in an article here called "2018 US Income Tax Rates & Brackets for 2018 - GOP Tax Plan Summary" Note: Each tax rate applies to a range of income called a tax bracket. Each tax rate applies to a specific range of taxable income. Taxable income is total income after various deductions have been subtracted. US Federal tax rates for tax year 2018
For tax year 2018 returns that will be filed in 2016
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