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The Tax Cuts and Jobs Act:  What You Need to Know Now


Individual Tax Brackets: Joint Returns and Surviving Spouse

Prior Law
​Taxable Income

2018
​Rate

TCJA
​Taxable Income

2018
​Rate

$0-$19,050
10%
$0-$19,050
10%
$19,050-$77,400
15%
$19,050-$77,400
12%
$77,400-$156,150
25%
$77,400-$165,000
22%
$156,150-$237,950
28%
$165,000-$315,000
24%
$237,950-$424,950
33%
$315,000-$400,000
32%
$424,950-$480,050
35%
$400,000-$600,000
35%
Over $480,050
39.6%
Over $600,000
37%

Individual Tax Brackets: Head of Household

Prior Law
​Taxable Income

2018
​Rate

TCJA
​Taxable Income

2018
​Rate

$0-$13,600
10%
$0-$13,600
10%
$13,600-$51,850
15%
$13,600-$51,800
12%
$51,850-$133,850
25%
$51,800-$82,500
22%
$133,850-$216,700
28%
$82,500-$157,500
24%
$216,700-$424,950
33%
$157,500-$200,000
32%
$424,950-$480,050
35%
$200,000-$500,000
35%
Over $480,050
39.6%
Over $500,000
37%

Individual Tax Brackets: Single

Prior Law
​Taxable Income

2018
​Rate

TCJA
​Taxable Income

2018
​Rate

$0-$9,525
10%
$0-$9,525
10%
$9,525-$38,700
15%
$9,525-$38,700
12%
$38,700-$93,700
25%
$38,700-82,500
22%
$93,700-195,450
28%
$82,500-157,500
24%
$195,450-424,950
33%
$157,500-$200,000
32%
$424,950-$480,050
35%
$200,000-$500,000
35%
Over $480,050
39.6%
Over $500,000
37%

Estates and Trusts - Tax Brackets

Prior Law
​Taxable Income
2018
​Rate

TCJA
​Taxable Income

2018
​Rate

$0-$2,550
15%
$0-$2,550
10%
$2,550-$6,000
25%
$2,550-$9,150
24%
$6,000-$9,150
28%
$9,150-$12,500
35%
$9,150-$12,500
33%
Over $12,500
37%
Over $12,500
39.6%
 
 
Copyright © [2001] [May Jackson Hendrick, LLC]
  • Home
    • Company Info
    • Power Partners
    • Contact Us!
    • Privacy Policy
  • Services
  • Resources
    • 2020 Blank Organizer
    • Changes for 2020
    • Tax Return Checklist for Individuals
    • Tax Return Checklist for Entities
    • Non-Cash Charity Contributions
    • Tax Cuts and Jobs Act Planning Letter
    • Record Keeping Guide
    • Affordable Care Act
    • Publication 527, Residential Rental Property (Including Rental of Vacation Home)
    • 2018 Peer Review
    • Tax Tips & Strategies
    • Printable Directions to MJH
  • Clients
    • Organizer Request
    • New Client Information Sheet
    • Client Portal
    • Send Files
    • Payments
    • Appointment
  • coronavirus
  • Privacy Policy