TAXfacts

 

— 2018 TaxFacts

 

Standard Deduction

Married Filing Joint             $24,000
Single                                      $12,000
Married Filing Seperate        $12,000
Head of Household                $18,000
Blind or over 65: add $1,300 if married, $1,600 if single or head of household
 

Personal Exemption

$0; has been eliminated
 

Child Tax Credit

$2,000 Per Child Under Age 17

 

Family Tax Credit

$500 Per Dependent Over Age 17


Mileage Rates

Business      .545
Charity        .14
Medical       .18
 

LT Captial Gains Tax

Single up to $ 38,600 0%
Single $ 38,601 – $ 425,800 15%
Single Over $ 425,800 20%

 

Married up to $ 77,3200 0%
Married $ 77,201 – $ 479,000 15%
Married Over $ 479,000 20%