2018 Individual Deductions and Exemptions
| Deduction Or Exemption Type | Amount | |
|---|---|---|
| Standard Deduction | 20% | |
| Maximum Standard Deduction | Single | $4,580 |
| Married Filing Separately | $4,580 | |
| Married Filing Jointly | $9,160 | |
| Head of Household | $9,160 | |
| Minimum Standard Deduction | Single | $2,030 |
| Married Filing Separately | $2,030 | |
| Married Filing Jointly | $4,060 | |
| Head of Household | $4,060 | |
| Personal Exemption | $2,440 | |
| Partial Pension and Annuity Income Exemption | Maximum Exemption | $4,180 |
| FAGI threshold for phase-out | $34,820 | |
| Capital Gains Tax Credit | 2% | |
2018 Individual Income Tax Rates
| If your taxable income is more than | but not more than | Your tax is | minus |
|---|---|---|---|
| $0 | $3,000 | 1% of your taxable income | $0 |
| $3,000 | $5,200 | 2% of your taxable income | $30 |
| $5,200 | $8,000 | 3% of your taxable income | $82 |
| $8,000 | $10,800 | 4% of your taxable income | $162 |
| $10,800 | $13,900 | 5% of your taxable income | $270 |
| $13,900 | $17,900 | 6% of your taxable income | $409 |
| $17,900 | 6.9% of your taxable income | $570 | |