Key information about the Tax brackets 2018 married filing jointly couples.
IRS Tax Brackets 2018 and IRS tax Rates 2018 for married couples filing tax returns jointly. IRS tax brackets, tax thresholds and rates will change in 2018, following the successful passing of TCJA Tax Cuts and Jobs Act, United States of America.
Tax brackets 2018 married filing jointly
Least tax bracket is 12% for the people whose taxable income is upto $9525.
But the Top income tax rate is 37% for tax payers whose taxable income is of $600,000 and higher for married couples filing jointly.
Rate : For Married Individuals Filing Joint Returns, Taxable Income Over
10% : $0
12% : $19,050
22% : $77,400
24% : $165,000
32% : $315,000
35% : $400,000
37% : $600,000
The standard IRS tax deduction is going to increase by $11,000 for married couples filing jointly.
Please note The personal exemption for 2018 is eliminated. Hence file the tax returns with extra care.
2018 Standard Deduction and Personal Exemption
Filing Status : Deduction Amount
Married Filing Jointly : $24,000
2018 Alternative Minimum Tax Exemptions
Filing Status : Exemption Amount
Married Filing Jointly : $109,400
The AMT exemption amount for 2018 is $109,400 for married couples filing jointly.
28% AMT rate applies to excess AMTI of $191,500 for all married taxpayers for the year 2018.
Read more on the different types of IRS Tax forms.