2018 Tax Rates

Single Taxpayers - Standard Deduction $12,000
10% 0 to $9,525
12% $9,525 to $38,700
22% $38,700 to $82,500
24% $82,500 to $157,500
32% $157,500 to $200,000
35% $200,000 to $500,000
37% Over $500,000
Married Jointly & Surviving Spouses - Standard Deduction $24,000
10% 0 to $19,050
12% $19,050 to $77,400
22% $77,400 to $165,000
24% $165,000 to $315,000
32% $315,000 to $400,000
35% $400,000 to $600,000
37% Over $600,000
Married Filing Separately - Standard Deduction $12,000
10% 0 to $9,525
12% $9,525 to $38,700
22% $38,700 to $82,500
24% $82,500 to $157,500
32% $157,500 to $200,000
35% $200,000 to $300,000
37% Over $300,000
Head of Household - Standard Deduction $18,000
10% 0 to $13,600
12% $13,600 to $51,800
22% $51,800 to $82,500
24% $82,500 to $157,500
32% $157,500 to $200,000
35% $200,000 to $500,000
37% Over $500,000
Estates & Trusts
10% 0 to $2,550
24% $2,550 to $9,150
35% $9,150 to $12,500
37% Over $12,500
Social Security
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, $250,000 joint filers) 3.8%
Miscellaneous
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 $40,000 for single filers, $80,000 for married filing jointly 0%
Maximum capital gains tax rate for taxpayers with income above $40,000 for single filers, $80,000 for married filing jointly 15%
Maximum capital gains tax rate for taxpayers with income above $441,450 for single filers, $496,600 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
American Opportunity Credit (Hope) $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000
Source: IRS
Standard Meal Rates for Family Child Care Providers for 2020 income tax returns
Continental U.S. 2018-19 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 2018-19 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 2018-19 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
Source: Federal Register

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