The New 2018 Federal Income Tax Brackets & Rates

It appears the GOP has settled on a final tax bill. While it ain't over till it's over, we're close enough that an article on the new 2018 federal income tax rates makes sense.

Representing a major tax-overhaul, the bill makes significant changes to the federal income tax brackets and deductions. Let's look at both, starting with the 2018 income tax brackets.

In 2018, Some Tax Benefits Increase Slightly Due to Inflation Adjustments, Others Unchanged

WASHINGTON — The Internal Revenue Service today announced the tax year 2018 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2017-58 provides details about these annual adjustments. The tax year 2018 adjustments generally are used on tax returns filed in 2019.