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Quick Reference 2018

Article ID: 361
Last updated: 23 Nov, 2018
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By Jason Watson ()
Posted November 23, 2018

Single

Taxable Income

Tax Rate

0 - 9,525

10% of taxable income

9,526 - 38,700

952.50 plus 12% of the amount over 9,525

38,701 - 82,500

4,453.50 plus 22% of the amount over 38,700

82,501 - 157,500

14,089.50 plus 24% of the amount over 82,500

157,501 - 200,000

32,089.50 plus 32% of the amount over 157,500

200,001 - 500,000

45,689.50 plus 35% of the amount over 200,000

500,001 or more

150,689.50 plus 37% of the amount over 500,000

Married Filing Jointly

Taxable Income

Tax Rate

0 - 19,050

10% of taxable income

19,051 - 77,400

1,905 plus 12% of the amount over 19,050

77,401 - 165,000

8,907 plus 22% of the amount over 77,400

165,001 - 315,000

28,179 plus 24% of the amount over 165,000

315,001 - 400,000

64,179 plus 32% of the amount over 315,000

400,001 - 600,000

91,379 plus 35% of the amount over 400,000

600,001 or more

161,379 plus 37% of the amount over 600,000

Standard Deduction Single

12,000

Standard Deduction Married Filing Joint

24,000

Social Security Wage Limit

128,400

IRA Contribution Limit

5,500 + 1,000 catch up

Roth Income Phaseout Single

120,000

Roth Income Phaseout Married Filing Joint

189,000

401k Employee

18,500 + 6,000 catch up

401k Employer

36,500

Max 401k Total

55,000

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