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2018 Marginal Tax Brackets

Your marginal tax bracket determines how much of the earnings from savings and investments you get to keep after taxes. Below are the four individual tax rate schedules for 2018:

Individual Tax Rate Schedules for 2018
Filing Status Taxable Income ($) Marginal Tax Bracket Rate (%)
Married Filing Jointly 0 to 19,050 10
19,051 to 77,400 12
77,401 to 165,000 22
165,001 to 315,000 24
315,001 to 400,000 32
400,001 to 600,000 35
600,001 and higher 37
Head of Household 0 to 13,600 10
13,601 to 51,800 12
51,801 to 82,500 22
82,501 to 157,500 24
157,501 to 200,000 32
200,001 to 500,000 35
500,000 and higher 37
Single 0 to 9,525 10
9,526 to 38,700 12
38,701 to 82,500 22
82,501 to 157,500 24
157,501 to 200,000 32
200,001 to 500,000 35
500,001 and higher 37
Married Filing Separately 0 to 9,525 10
9,526 to 38,700 12
38,701 to 82,500 22
82,501 to 157,500 24
157,501 to 200,000 32
200,001 to 300,000 35
300,001 and higher 37

You can compare yields by using the following formula:

Taxable equivalent yield = tax-free yield ÷ (100% - marginal tax bracket %) or see www.calcxml.com/calculators/inc11?skn, which includes both federal and state income tax rates.

Example: Assume you are in the 22% tax bracket, and have an account with a 4.0% tax-free yield. To get the equivalent taxable yield, divide 4.0% by 78% (100% - 22%). The taxable yield is 5.13%.