2017 vs 2018 Federal Tax Tables

 Tax Cuts and Jobs Act (TCJA)
TCJA
2017 Tax Year 2018 Tax Year
Married Filing Jointly Married Filing Jointly
Taxable Income Tax Rate Taxable Income Tax Rate
0 18,650 10% 0 19,050 10%
18,651 75,900 15% 19,051 77,400 12%
75,901 153,100 25% 77,401 165,000 22%
153,101 233,350 28% 165,001 315,000 24%
233,351 416,700 33% 315,001 400,000 32%
416,701 470,700 35% 400,001 600,000 35%
470,701 and over 39.6% 600,001 and over 37%
Tax Calculation Example
Taxable Taxable

 2018

Income Tax Rate Tax Income Tax Rate Tax Tax Savings
$78,000 $10,977 $78,000 $9,039 $1,938
18,650 10%     1,865 19,050 10% $1,905
57,249 15%     8,587 58,349 12% $7,001
2,101 25%        525 601 22% $132
$78,000 $10,977 $78,000 $9,039
TaxBracket 25% 22%
ETR 14.07% 11.59%
ETR – Effective Tax Rate  [Tax/Taxable Income]
Does not include (Dividend Income or Capital Gains taxed at a lower rate)
 or Tax Credits
2017 Tax Year 2018 Tax Year
Individual Taxpayers Individual Taxpayers
Taxable Income Tax Rate Taxable Income Tax Rate
0 9,325 10% 0 9,525 10%
9,326 37,950 15% 9,526 38,700 12%
37,951 91,900 25% 38,701 82,500 22%
91,901 191,650 28% 82,501 157,500 24%
191,651 416,700 33% 157,501 200,000 32%
416,701 418,400 35% 200,001 500,000 35%
418,401 and over 39.6% 500,001 and over 37%
Tax Calculation Example
Taxable Income Tax Rate Tax

Tax

Tax Rate Tax Tax Savings
   20,000  $  2,533

    20,000

 $  2,209  $     324
9,325 10%  $     932 9,525 10%  $     952
10,675 15%  $  1,601 10,475 12%  $  1,257
20,000  $  2,533 20,000  $  2,209
TaxBracket 15% 12%
ETR 12.60% 11.04%
ETR – Effective Tax Rate  [Tax/Taxable Income]
Examples do not include Dividend Income, Capital Gains or Tax Credits