2018 Tax Rates & Mileage Rates

Tax Rates

2018 Tax Rates & Mileage Rates

Tax Brackets and Rates, 2018

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

2018 Standard Deduction and Personal Exemption

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

2018 Standard Mileage Rates for Business, Medical and Moving

REASON

Business Miles Driven

Medical or Moving Purposes

In Service of Charitable Organizations

RATE

54.5 cents

18 cents

14 cents

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