Mary G. Stewart,Tax Brackets
Tax brackets have changed. Tax rates for basically reduced for all tax brackets and the brackets have changed.
MFS – Married Filing Single, MFJ – Married Filing Joint, S – Single, FS – Filing Single
| Tax Rate | Single and MFS | MFJ | Head of Household |
|---|---|---|---|
| 10% | Up to $9,525 | Up to $19,050 | Up to $13,600 |
| 12% | $9,526-$38,700 | $19,051-$77,400 | $13,601-$51,800 |
| 22% | $38,701-$82,500 | $77,401-$165,000 | $51,801-$82,500 |
| 24% | $82,501-$157,500 | $165,001-$315,000 | $82,501-$157,500 |
| 32% | $157,501-$200,000 | $315,001-$400,000 | $157,501-$200,000 |
| 35% | S: $200,001-$500,000 | $400,001-$600,000 | $200,001-$500,000 |
| FS: $200,001-$300,000 | |||
| 37% | S-$500,001+ | $600,000+ | $500,000+ |
| MFS: $300,000+ | |||
Capital Gains rate
10% -12% bracket = 0% Capital Gains Rate
22% – 32% bracket = 15% Capital Gains Rate
35%-37% Bracket = 20% Capital Gains Rate