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Tax Rates

Single Taxpayers

Standard Deduction $12,000
Income
  • 0 to $9,525
  • $9,525 to $38,700
  • $38,700 to $82,500
  • $82,500 to $157,500
  • $157,500 to $200,000
  • $200,000 to $500,000
  • Over $500,000



Married Jointly & Surviving Spouses

Standard Deduction $24,000
Income
  • 0 to $9,525
  • $9,525 to $38,700
  • $38,700 to $82,500
  • $82,500 to $157,500
  • $157,500 to $200,000
  • $200,000 to $500,000
  • Over $500,000



Married Filing Separately

Standard Deduction $12,000
Income
  • 0 to $9,525
  • $9,525 to $38,700
  • $38,700 to $82,500
  • $82,500 to $157,500
  • $157,500 to $200,000
  • $200,000 to $300,000
  • Over $300,000



Head of Household

Standard Deduction $18,000
Income
  • 0 to $13,600
  • $13,600 to $51,800
  • $51,800 to $82,500
  • $82,500 to $157,500
  • $157,500 to $200,000
  • $200,000 to $500,000
  • Over $500,000



Estates & Trusts

Income
  • 0 to $2,550
  • $2,550 to $9,150
  • $9,150 to $12,500
  • Over $12,500



Social Security 2018 Tax Rates

Social Security
2018 Tax Rates

Social Security Tax Rate: Employers

6.2%

Social Security Tax Rate: Employees

6.2%

Social Security Tax Rate: Self-Employed

15.3%

Maximum Taxable Earnings

$128,400

Medicare Base Salary

Unlimited

Medicare Tax Rate: Employers

1.45%

Medicare Tax Rate: Employees

1.45%

Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)

0.9%

Medicare tax on net investment income ($200,000 single filers or $250,000 joint filers)

3.8%

Miscellaneous 2018 Tax Rates

Miscellaneous
2018 Tax Rates

Business expensing limit: Cap on equipment purchases

$2,500,000

Business expensing limit: New and Used Equipment and Software

$1,000,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2018 tax liability

Standard mileage rate for business driving

54.5 cents

Standard mileage rate for medical driving

18 cents

Standard mileage rate for moving driving - Members of the Armed Forces on active duty who move because of a permanent change of station

18 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$2,000

Unearned income maximum for children under 19 before kiddie tax applies

$1,050

Maximum capital gains tax rate for taxpayers with income up to $38,600 for single filers, $77,200 for married filing jointly

0%

Maximum capital gains tax rate for taxpayers with income above $38,600 for single filers, $77,200 for married filing jointly

15%

Maximum capital gains tax rate for taxpayers with income above $425,800 for single filers, $479,000 for married filing jointly

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles

28%

Maximum contribution for Traditional/Roth IRA

$5,500 if under age 50
$6,500 if 50 or older

Maximum employee contribution to SIMPLE IRA

$12,500 if under age 50
$15,500 if 50 or older

Maximum Contribution to SEP IRA

25% of eligible compensation
Up to $55,000

401(k) maximum employee contribution limit

$18,500 if under age 50
$24,500 if 50 or older

Estate tax exemption

$11,180,000

Annual Exclusion for Gifts

$15,000

Education 2018 Tax Rates

Source: IRS
Education
2018 Tax Rates

American Opportunity Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

Standard Meal Rates for Family Child Care Providers

Source: Federal Register
Continental U.S.
2018-2019 Tax Rates

For each breakfast

$1.31

For each lunch or supper

$2.46

For each snack (up to 3 per day for each child)

$0.73

Alaska
2018-2019 Tax Rates

For each breakfast

$2.09

For each lunch or supper

$3.99

For each snack (up to 3 per day for each child)

$1.19

Hawaii
2018-2019 Tax Rates

For each breakfast

$1.53

For each lunch or supper

$2.88

For each snack (up to 3 per day for each child)

$0.86

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