2018 VS. 2017 federal TAX BRACKETS
The Standard Tax Deductions for 2017 are changing for 2018.
These should benefit many of you filing your 2018 Tax Returns by April 15, 2019. * See the charts below showing the comparison of change from 2017 to 2018.
Most Tax Brackets and Tax Percentages improve for most Net Incomes. There are a couple of Tax Brackets that remain flat at 0% with no change. And Some Tax Brackets have been widened to a larger band of Net Income.
Single Taxpayers – Standard Deduction improves by $5,650 to a 2018 Deduction of $12,000!
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Married Filing Jointly / Surviving Spouses Taxpayers – Standard Deduction improves by $11,500 to a 2018 Deduction of $24,000!