Federal Income Tax Rates and Tax Season Tools For 2018 - 2019

2018 - 2019 Tax Rate Calculator

There is no reason any taxpayer should be up in the air unaware of what kind of federal income tax liability they face with the Internal Revenue Service.

Yikes! Tax Season... For many taxpayers, tax season can be an intimidating time of year when you sit and wonder what kind of financial obligation may be lurking behind your year end tax liabilities with the Internal Revenue Service.

For myself, I avoid those uncertainties by keeping track of my tax obligations all year long. With the 2018 - 2019 tax rate calculator below, you can see based on your earnings, what percentage of your income Uncle Sam will want from you.

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Preparing your taxes prior to determining a ballpark figure for taxes owed could put your heart in a state of panic. Nobody likes unpleasant financial surprises, so using our free tax rate calculator tool will help keep that heart beat calm!

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Congress enacted a proposal for cutting the income tax rates to 10%, 12%, 22%, 24%, 32% and 35% with the top ordinary tax rate 37%.

Corporations pay 35% but Trump has stated that he would cut that rate to 15%, and eliminate most business deductions.

Partnerships, LLCs,  and S corporations could have the same 15% rate applied as well.

How to Use The Tax Rate Calculator

To see how much each taxing entity is siphoning out of your wallet, just select it from the drop down menu by choosing your income tax filing status, social security, or Medicare based on filing status. By doing this you can quickly see what tax rate you are paying to each one of these entities based on your income. You can also use our tax calculator below to compute those figures.

Federal IRS Income Tax Rates Structure

The unique tax rate structure for each entity is applied to the income amount you enter in order to calculate the taxes owed. Keep in mind that these calculations do not account for deductions. Therefore, you should enter your net taxable income after deductions to estimate a fairly accurate figure.

U.S. Income Tax Rates System

Our IRS tax rate calculator operates based on the United States federal tax system, and the economic adjustments that are made each year to account for inflation or deflation, and in some cases the government driven collapse of our economy. Yup! we can pretty much blame our deficit on them!!!

The tax rates used describe the ratio or percentage at which taxpayers are taxed based on filing status and income. There are several methods that can be used to present the tax rate in a format that represents the overall result as preferred. These methods include the following choices:

For Americans, the tax brackets allow taxpayers to see what tax rate each portion of their income from each tax bracket is taxed at.

By using our tax rate calculator above you can see the overall tax amount owed on all of your income from each tax bracket. This will require three calculations, one for income tax, one for social security tax, and one for Medicare tax. You can then add them together for total IRS tax liability.

History of Federal Tax Rates 2000 - 2018

2000 2001 2002 2003-2012 2013-2017 2018
    10% 10% 10% 10%
15% 15% 15% 15% 15% 12%
28% 27.5% 27% 25% 25% 22%
31% 30.5% 30% 28% 28% 24%
36% 35.5% 35% 33% 33% 32%
39.6% 39.1% 38.6% 35% 35% 35%
        39.6% 37%

Our Free Tax Rate Calculator is provided as an estimation tool and it is only as accurate as the data you enter. It is not intended to be used to calculate final federal exact tax amounts. It is an estimation tool only!