With the Republican Party’s tax bill all but certain to become law (it will head to President Donald Trump’s desk after the House revotes on the bill Wednesday), many people are confused about where they stand in terms of tax brackets. Will they pay more, less, or the same come 2018?
That’s because the GOP tax bill, while it keeps the existing seven tax brackets, changes the rates and income levels people will have to pay, maintaining the baseline 10% as the lowest level, but cutting the high end from 39.6% to 37%.
Curious about your tax bracket? As always, it depends, in part, on how you file your income taxes.
If you’re single, here’s what your tax bracket looks like under the GOP tax bill, versus what you’re currently paying.
| New Rate | New Income Bracket | | | Old Rate | Old Income Bracket |
| 10% | Up to $9,525 | | | 10% | Up to $9,525 |
| 12% | $9,525-$38,700 | | | 15% | $9,525-$38,700 |
| 22% | $38,700-$82,500 | | | 25% | $38,700-$93,700 |
| 24% | $82,500 – $157,500 | | | 28% | $93,700-$195,450 |
| 32% | $157,500-$200,000 | | | 33% | $195,450-$424,950 |
| 35% | $200,000-$500,000 | | | 35% | $424,950-$426,700 |
| 37% | $500,000+ | | | 39.6% | $426,700+ |
For married couples filing jointly, here’s how the proposed rates work out under the GOP tax bill:
| New Rate | New Income Bracket | | | Old Rate | Old Income Bracket |
| 10% | Up to $19,050 | | | 10% | Up to $19,050 |
| 12% | $19,050-$77,400 | | | 15% | $19,050-$77,400 |
| 22% | $77,400-$165,000 | | | 25% | $77,400-$156,150 |
| 24% | $165,000-$315,000 | | | 28% | $156,150-$237,950 |
| 32% | $315,000-$400,000 | | | 33% | $237,950-$424,950 |
| 35% | $400,000-$600,000 | | | 35% | $424,950-$480,050 |
| 37% | $600,000+ | | | 39.6% | $480,050+ |
Married, but filing separately? This is how things will look for you:
| New Rate | New Income Bracket | | | Old Rate | Old Income Bracket |
| 10% | Up to $9,525 | | | 10% | Up to $9,525 |
| 12% | $9,525-$38,700 | | | 15% | $9,525-$38,700 |
| 22% | $38,700-$38,700 | | | 25% | $38,700-$78,075 |
| 24% | $38,700-$157,500 | | | 28% | $78,075-$118,975 |
| 32% | $157,500-$200,000 | | | 33% | $118,975-$212,475 |
| 35% | $200,000-$300,000 | | | 35% | $212,475-$212,475 |
| 37% | $300,000+ | | | 39.6% | $212,475+ |
Finally, for heads of households, here’s a look at how the changes impact them.
| New Rate | New Income Bracket | | | Old Rate | Old Income Bracket |
| 10% | Up to $13,600 | | | 10% | Up to $13,600 |
| 12% | $13,600-$51,800 | | | 15% | $13,600-$51,800 |
| 22% | $51,800-$82,500 | | | 25% | $51,800-$133,850 |
| 24% | $82,500-$157,500 | | | 28% | $133,850-$216,700 |
| 32% | $157,500-$200,000 | | | 33% | $216,700-$424,950 |
| 35% | $200,000-$500,000 | | | 35% | $424,950-$453,350 |
| 37% | $500,000+ | | | 39.6% | $453,350+ |
