2017 & 2018 Tax Brackets & Standard Deductions (Updated Post Tax Reform)

The IRS previously released the 2018 tax brackets (a tabled breakdown of the IRS federal income tax rates) and standard deduction amounts, with a number of inflation adjustments over the 2017 tax brackets and standard deductions. But you can throw those out the window. With the Republican Tax Cut & Jobs Act (tax reform), the 2018 tax brackets, tax rates, and standard deduction amounts have all been revised, as updated below. Since we’re still focused on 2017 for tax filing purposes, the 2017 tax brackets are going to be of most interest to you when you do your upcoming taxes, 2017...

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