What Will Be My Tax Rate and Tax Bracket in 2018 – Trump, GOP vs IRS Tax Tables

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Given all the tax reforms being proposed under the Trump administration, many Americans are understandably wondering if they will be paying more or less in taxes next year. Depending on various factors, including which news outlet you get your information from, the situation will vary from person to person. But for now the IRS has released its annual and official 2018 tax updates and from a personal tax perspective here are the latest marginal tax brackets and tax rates.


These reflect minor changes over 2017 levels. The federal IRS standard deduction and personal exemption will both rise in 2018. 

2018 Federal Tax Rates and Marginal Tax Brackets

Tax RateSingleMarried Filing JointlyMarried Filing SeparateHead of Household
10%$0–$9,525$0-$19,050$0–$9,525$0-$13,600
15%$9,526–$38,700$19,051-$77,400$9,526–$38,700$13,601-$51,850
25%$38,701-$93,700$77,401-$156,150$38,701-$78,075$51,851-$133,850
28%$93,701–$195,450$156,151-$237,950$78,076-$118,975$133,851-$216,700
33%$195,451-$424,950$237,951 -$424,950$118,976-$212,475$216,701-$424,950
35%$424,951-$426,700$424,951-$480,050$212,476-$240,025$424,951-$453,350
39.6%over $426,700over $480,050over $240,025over $453,350
Exemption$4,050$4,050$4,050$4,050
Std Deduction$6,350$12,700$6,350$9,350

Trump and Republican Tax Brackets and Rates

Republicans have released their detailed tax proposals and here is their 2018 tax table reflecting a consolidation of tax rates/brackets from seven to four (excluding 0% rate covered by the standard deduction). Note that 2018 IRS tax brackets (shown above) should be used for comparison as it is unlikely these new rates will be in effect for 2017 (filed in 2018):

Tax RateSingle Filers Married/Joint Filers
0% (Standard Deduction Threshold)$0 to $12,000$25,000
12%$12,001 to $45,000$25,001 to $90,000
25%$45,001 to $200,000$90,001 to $260,000
35%$200,001 to $500,000$260,001 to $1,000,000
39.6%$500,001+$1,000,001+

The standard deduction nearly doubles under the GOP/Trump plan, but the personal exemption and several itemized deductions have been reduced or eliminated. As further updates for 2018 come to light with new legislation, I will update the above table and related articles.

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{ 1 comment… read it below or add one }

Charles Stephen DiCarlo October 28

Under the new 2018 tax law,will my social security benefit be taxed at 100% income?

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