INDIVIDUAL PROVISIONS
Tax Brackets
The following tax brackets are for the years beginning January 1, 2018.
Single
Married Filing Joint
Married Filing Separate
Head of Household
Bracket
$0 - $9,525
$0 - $19,050
$0 - $9,525
$0 - $13,600
10%
$9,525 - $38,700
$19,050 - $77,400
$9,525 - $38,700
$13,600 - $51,800
12%
$38,700 - $82,500
$77,400 - $165,000
$38,700 - $82,500
$51,800 - $82,500
22%
$82,500 - $157,500
$165,000 - $315,000
$82,500 - $157,500
$82,500 - $157,500
24%
$157,500 - $200,000
$315,000 - $400,000
$157,500 - $200,000
$157,500 - $200,000
32%
$200,000 - $500,000
$400,000 - $600,000
$200,000 - $300,000
$200,000 - $500,000
35%
$500,000 +
$600,000 +
$300,000 +
$500,000 +
37%
Standard Deduction
The standard deduction has been nearly doubled, which means the number of taxpayers who itemize will drop drastically.