2018 tax brackets
| Federal tax brackets and rates for 2018 | ||
|---|---|---|
| Tax rate | Single | Married filing jointly |
| 12% | $9,526–$38,700 | $19,051–$77,400 |
| 22% | $38,701–$82,500 | $77,401–$165,000 |
| 24% | $82,501–$157,500 | $165,001–$315,000 |
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Where is the tax table for 2018?
The 2018 federal tax table starts on Page 67 of the Form 1040 instructions for the 2018 tax year. It’s important to note that the tables use taxable income to predict your taxes, so you’ll need to do some calculations to figure out your taxable income before you can use the tax table effectively.
What was the highest tax rate in 2018?
In 2018, the top tax rate ( 37 percent ) applies to taxable income over $500,000 for single filers and over $600,000 for married couples filing jointly.
What is the minimum income to qualify for the earned income credit?
To qualify for the EITC, you must: Show proof of earned income. Have investment income below $3,650 in the tax year you claim the credit. Have a valid Social Security number.
What were the tax brackets in 2016?
2016 Income Tax Brackets The Federal income tax has 7 brackets: 10%, 15%, 25%, 28%, 33%, 35%, and 39.6%. The amount of tax you owe depends on your income level and filing status. It’s important to understand that moving into a higher tax bracket does not mean that all of your income will be taxed at a higher rate.