Tax Bracket Change: Know The New Tax Rates!

Married Individuals Filing Jointly 

The below table shows the tax brackets and tax rates for married individuals filing jointly, as well as for surviving spouses. These are the brackets and rates outlined in the new tax law, which will be applied to your future tax returns. 

Taxable Income 

Tax Rate 

$19,050 or less 

10% of taxable income 

 

$19,051 to $77,400 

$1,905 plus 12% of earnings over $19,050 

 

$77,401 to $165,000 

$8,907 plus 22% of earnings over $77,400 

 

$165,001 to $315,000 

$28,179 plus 24% of earnings over $165,000 

 

$315,001 to $400,000 

$64,179 plus 32% of earnings over $315,000 

 

$400,001 to $600,000 

$91,379 plus 35% of earnings over $400,000 

 

Over $600,000 

$161,379 plus 37% of earnings over $600,000 

The table below shows the tax brackets that were in effect for 2017, for married individuals filing jointly and surviving spouses. These are the tax brackets and rates that will be applied to your current tax return. 

Taxable Income 

Tax Rate 

$18,650 or less 

10% of taxable income 

 

$18,651 to $75,900 

$1,865 plus 15% of earnings over $18,650 

 

$75,901 to $153,100 

$10,452.50 plus 25% of earnings over $75,900 

 

$153,001 to $233,350 

$29,752.50 plus 28% of earnings over $153,100 

 

$233,351 to $416,700 

$52,222.50 plus 33% of earnings over $233,350 

 

$416,701 to $470,700 

$112,728 plus 35% of earnings over $416,700 

 

Over $470,700 

$131,628 plus 39.6% of earnings over $470,700 

 

Single Individuals or Married Individuals Filing Separately 

The table below shows the tax brackets and rates for individual filers, as outlined by the new tax law. These rates exclude heads of households and surviving spouses. These brackets and rates will apply to your future tax returns. 

Taxable Income 

Tax Rate 

$9,525 or less 

10% of taxable income 

 

$9,526 to $38,700 

$952.50 plus 12% of earnings over $9,525 

 

$38,701 to $82,500 

$4,453.50 plus 22% of earnings over $38,700 

 

$82,501 to $157,500 

$14,089.50 plus 24% of earnings over $82,500 

 

$157,501 to $200,000 

$32,089.50 plus 32% of earnings over $157,500 

 

$200,001 to $500,000 

$45,689.50 plus 35% of earnings over $200,000 

 

Over $500,000 

$149,298 plus 37% of earnings over $500,000 

The tax brackets and rates under the old law are outlined below. These are the brackets and rates that apply to your current tax filing, if you are an individual filer. 

Taxable Income 

Tax Rate 

$9,325 or less 

10% of taxable income 

 

$9,326 to $37,950 

$932.50 plus 15% of earnings over $9,325 

 

$37,951 to $91,900 

$5,226.25 plus 25% of earnings over $37,950 

 

$91,901 to $191,650 

$18,713.75 plus 28% of earnings over $91,900 

 

$191,651 to $416,700 

$46,643.75 plus 33% of earnings over $191,650 

 

$416,700 to $418,400 

$120,910.25 plus 35% of earnings over $416,700 

 

Over $418,400 

$121,505.25 plus 39.6% of earnings over $418,400 

 

If you have any questions regarding your tax bracket and tax rate for your current tax return or any future returns, please feel free to call our tax firm in Provo. One of our expert CPAs will be happy to assist you.

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