Tax Reform Headquarters
Sikich professionals have been closely monitoring developments related to Tax Reform and have compiled the following resources to help you navigate and plan for the impact it may have on you or your business.
2018 TAX RATES FOR SINGLE AND MARRIED INDIVIDUALS
SINGLE INDIVIDUALS TAX RATES FOR 2018
MARRIED INDIVIDUALS FILING JOINT RETURNS AND SURVIVING SPOUSES
|If Taxable Income Is:||Then Income Tax Equals:||If Taxable Income Is:||Then Income Tax Equals:|
|Not over $9,525||10% of the taxable income||Not over $19,050||10% of the taxable income|
|Over $9,525 but not over $38,700||$952.50 plus 12% of the excess over $9,525||Over $19,050 but not over $77,400||$1,905 plus 12% of the excess over $19,050|
|Over $38,700 but not over $82,500||$4,453.50 plus 22% of the excess over $38,700||Over $77,400 but not over $165,000||$8,907 plus 22% of the excess over $77,400|
|Over $82,500 but not over $157,500||$14,089.50 plus 24% of the excess over $82,500||Over $165,000 but not over $315,000||$28,179 plus 24% of the excess over $165,000|
|Over $157,500 but not over $200,000||$32,089.50 plus 32% of the excess over $157,500||Over $315,000 but not over $400,000||$64,179 plus 32% of the excess over $315,000|
|Over $200,000 but not over $500,000||$45,689.50 plus 35% of the excess over $200,000||Over $400,000 but not over $600,000||$91,379 plus 35% of the excess over $400,000|
|Over $500,000||$150,689.50 plus 37% of the excess over $500,000||Over $600,000||$161,379 plus 37% of the excess over $600,000|
WEBINAR: NAVIGATING THE NEW TAX LANDSCAPE
The Tax Cuts and Jobs Act was signed into law. This historic signing means the tax landscape will be significantly impacted. Since the start, our experts have been closely monitoring tax reform developments. During this event we’ll explore what this new tax frontier looks like for businesses and taxpayers under the new legislation.
January 18th, 2018
SPEAK TO ONE OF OUR TAX EXPERTS
Prepare for the new tax landscape with help from one of our Sikich Tax Experts. Whether you’re a business, an individual, a not-for-profit organization, or are concerned about international finance, Sikich can help.