Which federal income tax bracket are you in there are seven income tax brackets ranging from 10 to 37 learn how tax brackets work plus see how to reduce taxable income to pay a lower tax rate. The irs encourages everyone to use the withholding calculator to perform a quick paycheck checkup this is even more important following the recent changes to the tax law for 2018 and beyond the calculator helps you identify your tax withholding to make sure you have the right amount of tax withheld from your paycheck at work. The most frequent reason for filing a federal income tax return even when you dont meet the basic income criteria is for self employed persons self employed taxpayers must file a federal income . Income tax brackets and rates in 2018 the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows tables 1 and 2 the top marginal income tax rate of 37 percent will hit taxpayers with taxable income of 500000 and higher for single filers and 600000 and higher for married couples filing . The us federal government taxes personal income using a graduated scale the more you earn the higher a percentage you will pay personal income tax rates start at 10 percent in 2018 and they gradually increase to 12 percent then 22 percent 24 percent then 32 percent and 35 percent before reaching a top rate of 37 percent
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