Mike Hurtgen - Financial AdvisorĀ 

CONNECT

Address:

5655 S. Yosemite St. Ste 340
Greenwood Village, CO 80111

Phone:

720-250-9018, 866-229-4812

Fax/Other:

720-250-9019

Federal Tax Rates

According to one survey, 57% of Americans say they pay too much in income taxes.

Source: Gallup, 2016.

These figures are for the 2018 tax year. Find your tax rate below.

Schedule X – Single

If taxable income is over: But not over: The tax is:
$0$9,52510% of taxable income
$9,525$38,700$952.50 plus 12% of the amount over $9,525
$38,700$82,500$4,453.50 plus 22% of the amount over $38,700
$82,500$157,500$14,089.50 plus 24% of the amount over $82,500
$157,500$200,000$32,089.50 plus 32% of the amount over $157,500
$$200,000$500,000$45,689.50 plus 35% of the amount over $200,000
$500,000no limit$150,689.50 plus 37% of the amount over $500,000

Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over: But not over: The tax is:
$0$19,05010% of taxable income
$19,050$77,400$1,905.00 plus 12% of the amount over $19,050
$77,400$165,000$8,907.00 plus 22% of the amount over $77,400
$165,000$315,000$28,179.00 plus 24% of the amount over $165,000
$315,000$400,000$64,179.00 plus 32% of the amount over $315,000
$400,000$600,000$91,379.00 plus 35% of the amount over $400,000
$600,000no limit$161,379.00 plus 37% of the amount over $600,000

Schedule Y-2 – Married Filing Separately

If taxable income is over: But not over: The tax is:
$0$9,52510% of taxable income
$9,525$38,700$952.50 plus 12% of the amount over $9,525
$38,700$82,500$4,453.50 plus 22% of the amount over $38,700
$82,500$157,500$14,089.50 plus 24% of the amount over $82,500
$157,500$200,000$32,089.50 plus 32% of the amount over $157,500
$200,000$300,000$45,689.50 plus 35% of the amount over $200,000
$300,000no limit$80,689.50 plus 37% of the amount over $300,000

Schedule Z – Head of Household

If taxable income is over: But not over: The tax is:
$0$13,60010% of taxable income
$13,600$51,800$1,360.00 plus 12% of the amount over $13,600
$51,800$82,500$5,944.00 plus 22% of the amount over $51,800
$82,500$157,500$12,698.00 plus 24% of the amount over $82,500
$157,500$200,000$30,698.00 plus 32% of the amount over $157,500
$200,000$500,000$44,298.00 plus 35% of the amount over $200,000
$500,000no limit$149,298.00 plus 37% of the amount over $500,000

Source: Internal Revenue Service, 2018

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Check the background of this financial professional on FINRA's BrokerCheck