The most important tax changes for 2018
There are seven marginal income tax rates: 10%, 15%, 25%, 28%, 33%, 35% and the top rate of 39.6%. Each rate applies to different income bands. Here's how those bands are changing next year, both for single taxpayers and married taxpayers filing jointly.
39.6%: taxable income of $426,700+ (individuals); $480,050+ (married)
35%: $424,950-$426,700 (individuals); $424,950-$480,050 (married)
33%: $195,450-$424,950 (individuals); $237,950-$424,950 (married)
28%: $93,700-$195,450 (individuals); $156,150-$237,950 (married)
25%: $38,700-$93,700 (individuals); $77,400-$156,150 (married)
15%: $9,525-$38,700 (individuals); $19,050-$77,400 (married)
10%: less than $9,525 (individuals); less than $19,050 (married)