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]