2018 Tax Rates & Mileage Rates

[vc_row][vc_column][vc_custom_heading text=”Tax Brackets and Rates, 2018″ use_theme_fonts=”yes”][vc_column_text]

Rate For Unmarried Individuals, Taxable Income Over For Married Individuals Filing Joint Returns, Taxable Income Over For Heads of Households, Taxable Income Over
10% $0 $0 $0
12% $9,525 $19,050 $13,600
22% $38,700 $77,400 $51,800
24% $82,500 $165,000 $82,500
32% $157,500 $315,000 $157,500
35% $200,000 $400,000 $200,000
37% $500,000 $600,000 $500,000

[/vc_column_text][vc_custom_heading text=”2018 Standard Deduction and Personal Exemption” use_theme_fonts=”yes”][vc_column_text]

Filing Status Deduction Amount
Single $12,000
Married Filing Jointly $24,000
Head of Household $18,000

[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_custom_heading text=”2018 Standard Mileage Rates for Business, Medical and Moving” use_theme_fonts=”yes”][vc_row_inner][vc_column_inner width=”1/4″][vc_column_text]REASON

Business Miles Driven

Medical or Moving Purposes

In Service of Charitable Organizations[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_column_text]RATE

54.5 cents

18 cents

14 cents[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][/vc_column_inner][vc_column_inner width=”1/4″][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Sources:

The Tax Foundation. The Tax Foundation is the nation’s leading independent tax policy nonprofit. https://taxfoundation.org/2019-tax-brackets

IRS https://www.irs.gov/newsroom/standard-mileage-rates-for-2018-up-from-rates-for-2017 [/vc_column_text][/vc_column][/vc_row]

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