Every year, the Federal tax brackets chart tends to change. With the new changes to the tax code, under the Tax Cuts and Jobs Act (TCJA), it’s more important than ever to determine which Federal tax bracket you fall into. It could influence how much you pay by thousands of dollars.
IRS Federal Income Brackets Chart
Here are the new tax brackets and rates organized by filing status:
Tax Brackets Single
|Taxable Income||Tax Rate|
|$0 – $9,525||10% of taxable income|
|$9,526 – $38,700||$952.50|