Tax Rates

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We ensure expats do not have to pay any additional taxes as against what is required, or pay penalties or interest just because you’re not well-versed with the process of tax filing. We help you understand the tricky US taxes, and save yourself from penalties. All you need to do is contact us via call or email to get relieved of all tax worries, and enjoy your life abroad!



 

2018 Tax Rates - Single Taxpayers - Standard Deduction $6,350

2016 Rates

10%

0 to $9,325

15%

$9,325 to $37,950

25%

$37,950 to $91,900

28%

$91,900 to $191,650

33%

$191,650 to $416,700

35%

$416,700 to $418,400

39.6%

Over $418,400

2018 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $12,700

10%

0 to $18,650

15%

$18,650 to $75,900

25%

$75,900 to $153,100

28%

$153,100 to $233,350

33%

$233,350 to $416,700

35%

$416,700 to $470,700

39.6%

Over $470,700

2018 Tax Rates - Married Filing Separately - Standard Deduction $6,350

10%

0 to $9,325

15%

$9,325 to $37,950

25%

$37,950 to $76,550

28%

$76,550 to $116,675

33%

$116,675 to $208,350

35%

$208,350 to $235,350

39.6%

Over $235,350

2018 Tax Rates - Head of Household - Standard Deduction $9,350

10%

0 to $13,350

15%

$13,350 to $50,800

25%

$50,800 to $131,200

28%

$131,200 to $212,500

33%

$212,500 to $416,700

35%

$416,700 to $444,500

39.6%

Over $444,500

2018 Tax Rates - Estates & Trusts

15%

0 to $2,550

25%

$2,550 to $6,000

28%

$6,000 to $9,150

33%

$9,150 to $12,500

39.6%

Over $12,500

 

Social Security

2018 Tax Rates

Social Security Tax Rate: Employers

6.2%

Social Security Tax Rate: Employees

6.2%

Social Security Tax Rate: Self-Employed

15.3%

Maximum Taxable Earnings

$127,200

Medicare Base Salary

Unlimited

Medicare Tax Rate

1.45%

Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)

0.9%

Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)

3.8%

 

Miscellaneous

2018 Tax Rates

Personal Exemption $4,050

Business expensing limit: Cap on equipment purchases

$2,030,000

Business expensing limit: New and Used Equipment and Software

$510,000

Prior-year safe harbor for estimated taxes of higher-income

110% of your 2018 tax liability

Standard mileage rate for business driving

53.5 cents

Standard mileage rate for medical/moving driving

17 cents

Standard mileage rate for charitable driving

14 cents

Child Tax Credit

$1,000

Unearned income maximum for children under 19 before kiddie tax applies

$1,050

Maximum capital gains tax rate for taxpayers in the 10% or 15% bracket

0%

Maximum capital gains tax rate for taxpayers above the 15% bracket but below the 39.6% bracket

15%

Maximum capital gains tax rate for taxpayers in the 39.6% bracket

20%

Capital gains tax rate for unrecaptured Sec. 1250 gains

25%

Capital gains tax rate on collectibles

28%

Maximum contribution for Traditional/Roth IRA

$5,500 if under age 50
$6,500 if 50 or older

Maximum employee contribution to SIMPLE IRA

$12,500 if under age 50
$15,500 if 50 or older

Maximum Contribution to SEP IRA

25% of eligible compensation
up to $54,000

401(k) maximum employee contribution limit

$18,000 if under age 50
$24,000 if 50 or older

Estate tax exemption

$5,490,000

Annual Exclusion for Gifts

$14,000

 

Education

2018 Tax Rates

American Opportunity Credit (Hope)

$2,500

Lifetime Learning Credit

$2,000

Student Loan Interest Deduction

$2,500

Coverdell Education Savings Contribution

$2,000

 

Standard Meal Rates for Family Child Care Providers for 2018 income tax returns

Continental U.S.

2017-18 Tax Rates

For each breakfast

$1.31

For each lunch or supper

$2.46

For each snack (up to 3 per day for each child)

$0.73

Alaska

2017-18 Tax Rates

For each breakfast

$2.09

For each lunch or supper

$3.99

For each snack (up to 3 per day for each child)

$1.19

Hawaii

2016-17 Tax Rates

For each breakfast

$1.53

For each lunch or supper

$2.88

For each snack (up to 3 per day for each child)

$0.86

 
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