As tax season approaches, it’s important to familiarize yourself with the income tax brackets for the year 2018. Knowing which bracket you fall into can help you plan accordingly and ensure you are not overpaying or underpaying your taxes. The printable version of the 2018 income tax brackets can be a handy tool to have on hand as you prepare your tax return.
The 2018 income tax brackets are divided into seven different brackets, ranging from 10% to 37% based on your taxable income. The brackets are updated each year to account for inflation and changes in tax laws. Having a printable version of the 2018 income tax brackets can make it easier to reference and calculate your tax liability.
2018 Income Tax Brackets Printable Verson
For single filers, the tax brackets for 2018 are as follows: 10% for income up to $9,525, 12% for income between $9,526 and $38,700, 22% for income between $38,701 and $82,500, 24% for income between $82,501 and $157,500, 32% for income between $157,501 and $200,000, 35% for income between $200,001 and $500,000, and 37% for income over $500,000.
For married couples filing jointly, the tax brackets for 2018 are slightly different: 10% for income up to $19,050, 12% for income between $19,051 and $77,400, 22% for income between $77,401 and $165,000, 24% for income between $165,001 and $315,000, 32% for income between $315,001 and $400,000, 35% for income between $400,001 and $600,000, and 37% for income over $600,000.
It’s important to note that these brackets are based on taxable income, which is your income after deductions and exemptions. Using a printable version of the 2018 income tax brackets can help you easily determine which bracket you fall into and how much you owe in taxes.
As you prepare to file your taxes for the year 2018, make sure to refer to the printable version of the income tax brackets to ensure you are accurately calculating your tax liability. Knowing which bracket you fall into can help you plan for any additional taxes owed or potentially qualify for tax credits or deductions. Stay informed and organized with the 2018 income tax brackets printable version.