Income Tax Rates

Income tax rates are predicted to increase in the future due to national debt levels.

The new tax law will reduce income tax brackets for single filers. For instance, the 25% bracket will now be 22% up to $103,000, the 28% bracket will become 24% up to $197,000, and the 33% bracket will be 32% up to $4 million. The 35% bracket will extend to $626,000, and the top bracket will be 37% for income over $626,000.