2018 IRS tax brackets and tax rates for individuals and business
by: Anthony Parent
The Tax Cuts and Jobs Act of 2017, otherwise knows as Tax Reform reduced the amount of tax brackets for individuals and lowered the rates. Tax reform reduced the corporate tax rates to one flat rate. Find out how much you can expect to save with the new federal tax table.
For 2019 tax brackets and more, please click to our
Tax Reform eliminated the numerous tax brackets for corporations and instead imposed instead a tax rate of 21% tax on C-corp income.
These tables do not include employment taxes such as Medicare and Social Security taxes. These table do not include dividend or long term capital gains rates. Dividends and long term taxable gains can be taxed up to 23.8% (top rate of 20% plus a 3.8% ObamaCare surcharge).
Looking to lower your business income taxes? Click here to find out how the best new tax breaks and how they can be used with the best exisiting tax breaks.