With the new tax law changes, we will be posting a series of of updates outlining all the changes that will take place. If you have any questions, please contact your Linkenheimer CPA.

FOR MARRIED INDIVIDUALS FILING JOINT RETURNS AND SURVIVING SPOUSES:

If taxable income is: The tax is:

Not over $19,050 10% of taxable income

Over $19,050 but not over $77,400 $1,905 plus 12% of the excess over $19,050

Over $77,400 but not over $165,000 $8,907 plus 22% of the excess over $77,400

Over $165,000 but not over $315,000 $28,179 plus 24% of the excess over $165,000

Over $315,000 but not over $400,000 $64,179 plus 32% of the excess over $315,000

Over $400,000 but not over $600,000 $91,379 plus 35% of the excess over $400,000

Over $600,000 $161,379 plus 37% of the excess over $600,000

FOR SINGLE INDIVIDUALS (OTHER THAN HEADS OF HOUSEHOLDS AND SURVIVING SPOUSES):

If taxable income is: The tax is:

Not over $9,525 10% of taxable income

Over $9,525 but not over $38,700 $952.50 plus 12% of the excess over $9,525

Over $38,700 but not over $82,500 $4,453.50 plus 22% of the excess over $38,700

Over $82,500 but not over $157,500 $14,089.50 plus 24% of the excess over $82,500

Over $157,500 but not over $200,000 $32,089.50 plus 32% of the excess over $157,000

Over $200,000 but not over $500,000 $45,689.50 plus 35% of the excess over $200,000

Over $500,000 $150,689.50 plus 37% of the excess over $500,000

FOR HEADS OF HOUSEHOLDS:

If taxable income is: The tax is:

Not over $13,600 10% of taxable income

Over $13,600 but not over $51,800 $1,360 plus 12% of the excess over $13,600

Over $51,800 but not over $82,500 $5,944 plus 22% of the excess over $51,800

Over $82,500 but not over $157,500 $12,698 plus 24% of the excess over $82,500

Over $157,500 but not over $200,000 $30,698 plus 32% of the excess over $157,500

Over $200,000 but not over $500,000 $44,298 plus 35% of the excess over $200,000

Over $500,000 $149,298 plus 37% of the excess over $500,000

FOR MARRIEDS FILING SEPARATELY:

If taxable income is: The tax is:

Not over $9,525 10% of taxable income

Over $9,525 but not over $38,700 $952.50 plus 12% of the excess over $9,525

Over $38,700 but not over $82,500 $4,453.50 plus 22% of the excess over $38,700

Over $82,500 but not over $157,500 $14,089.50 plus 24% of the excess over $82,500

Over $157,500 but not over $200,000 $32,089.50 plus 32% of the excess over $157,500

Over $200,000 but not over $300,000 $45,689.50 plus 35% of the excess over $200,000

Over $300,000 $80,689.50 plus 37% of the excess over $300,000

FOR ESTATES AND TRUSTS:

If taxable income is: The tax is:

Not over $2,550 10% of taxable income

Over $2,550 but not over $9,150 $255 plus 24% of the excess over $2,550

Over $9,150 but not over $12,500 $1,839 plus 35% of the excess over $9,150

Over $12,500 $3,011.50 plus 37% of the excess over $12,500