Get IRS 1040 Tax Table 2016

Taxpayers fall into one of seven 2016 tax brackets, depending on their taxable income: 10%, 15%, 25%, 28%, 33%, 35% or 39.6%.

The new rates, which relate to the tax return you'll file in 2019, are 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. NerdWallet broke down the 2018 and 2019 federal income tax brackets. Below are the 2018 brackets, which relate to the tax return you're filing in 2019.

For tax year 2019, the top rate is 37 percent for individual single taxpayers with incomes greater than $510,300 ($612,350 for married couples filing jointly). The other rates are: 35 percent, for incomes over $204,100 ($408,200 for married couples filing jointly);

In 2019, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (Tables 1). The top marginal income tax rate of 37 percent will hit taxpayers with taxable income of $510,300 and higher for single filers and $612,350 and higher for married couples filing jointly.

Short-term capital gains are from assets held for a year or less. For most of us in 2016 (and until further notice), the tax rate on long-term capital gains is 15%, while those in the top bracket pay 20% and those in the 10% or 15% tax brackets pay 0%.

Short-term capital gains are from assets held for a year or less. For most of us in 2016 (and until further notice), the tax rate on long-term capital gains is 15%, while those in the top bracket pay 20% and those in the 10% or 15% tax brackets pay 0%.

The current capital gains tax rates under the new 2018 tax law are zero, 15 percent and 20 percent, depending on your income. The 2018 capital gains tax rate is holding steady through 2019, but the income required for each rate has changed.

Here's what you can expect to pay the IRS if you sell long-term investments in 2017. Long-term capital gains are taxed at more favorable rates than ordinary income. The current long-term capital gains tax rates are 0%, 15%, and 20%, while the rates for ordinary income range from 10% to 39.6%.

Good news, taxpayers: Although the government has enacted a number of tax changes in 2015, the capital gains tax rate is staying the same. If you sell investments that are held for less than a year, you'll pay your income tax rate on your gains, which ranges between 10% and 39.6%.

The new rates, which relate to the tax return you'll file in 2019, are 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. NerdWallet broke down the 2018 and 2019 federal income tax brackets. Below are the 2018 brackets, which relate to the tax return you're filing in 2019.

The standard deduction amounts will increase to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly and surviving spouses. For 2019, the additional standard deduction amount for the aged or the blind is $1,300.

The standard deduction amounts will increase to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly and surviving spouses. For 2019, the additional standard deduction amount for the aged or the blind is $1,300.

Itemizing means deducting each and every deductible expense you incurred during the tax year. For this to be worthwhile, your itemizable deductions must be greater than the standard deduction to which you are entitled. For the vast majority of taxpayers, itemizing will not be worth it for the 2018 and 2019 tax years.

In the 2019 financial year, every dollar earned by an individual up to $18,200 has an applicable tax rate of nil. In other words, the first $18,200 of income is tax-free irrespective of the total amount of taxable income an individual earns.

Filing a tax year 2018 tax return will start after January 1, 2019. However, the IRS will probably not start to accept any 2018 tax return until late January 2019.