- late last year
- Business Insider previously listed
Here's a look at what the new income tax brackets mean for every type of US taxpayer this year
Tax bracket income ranges have been adjusted for 2018 under the new Republican tax law. Here's how the changes will affect taxpayers.
The Republican tax plan is now the law of the land.
That means it's time for American taxpayers to brace for some major changes. The new law retains seven income tax brackets but alters the ranges. Personal exemptions have been eliminated, but the standard deduction has increased.
These changes to Americans' tax brackets will kick in when you file your 2018 taxes before Tax Day on April 15 in 2019.
How the new tax bracket shift affects you comes down to several factors, like how much you earn and whether you're married.
Heres how the new 2018 income tax brackets will affect both single and married Americans
Here's how the new 2018 income tax brackets and increased standard deductions break down for every type of taxpayer.
2018 tax brackets and income ranges for single taxpayers
2018 tax brackets and income ranges for married taxpayers filing jointly and surviving spouses
2018 tax brackets and income ranges for taxpayers filing as head of household
2018 tax brackets and income ranges for married taxpayers filing separately
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