How the Senate and House tax brackets compare

  • Senate keeps seven brackets, instead of four in the House version.
  • The Senate's top tax rate has been whittled to 38.5 percent from 39.6 percent.
Sen. Orrin Hatch, R-Utah
Bill Clark | CQ Roll Call | Getty Images
Sen. Orrin Hatch, R-Utah

Senate Republicans are keeping seven income tax brackets in their tax overhaul, but they are changing the rates that would apply to your income.

Under current law, the seven tax brackets are 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent and 39.6 percent.

In the bill passed late Thursday by the Senate Finance Committee, the new rates would be 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 38.5 percent.

The full Senate is expected to vote on the bill after Thanksgiving.

See below to get a sense of what your bracket will be next year under the proposal.

The Senate brackets

Single payers can expect the following.

Tax Bracket
Current 2017 Rates
Proposed 2018 Rates
10% 0 to $9,325 0 to $9,525
12% Not applicable $9,525 to $38,700
15% $9,325 to $37,950 Not applicable
22% Not applicable $38,700 to $70,000
24% Not applicable $70,000 to $160,000
25% $37,950 to $91,900 Not applicable
28% $91,900 to $191,650 Not applicable
32% Not applicable $160,000 to $200,000
33% $191,650 to $416,700 Not applicable
35% $416,700 to $418,400 $200,000 to $500,000
38.50% Not applicable $500,000 and up
39.60% $418,400 and up Not applicable

Married couples who file jointly can expect these brackets.

Tax Bracket
Current 2017 Rates
Proposed 2018 Rates
10% 0 to $18,650 0 to $19,050
12% Not applicable $19,050 to $77,400
15% $18,650 to $75,900 Not applicable
22% Not applicable $77,400 to $140,000
24% Not applicable $140,000 to $320,000
25% $75,900 to $153,100 Not applicable
28% $153,100 to $233,350 Not applicable
32% Not applicable $320,000 to $400,000
33% $233,350 to $416,700 Not applicable
35% $416,700 to $470,700 $400,000 to $1 million
38.50% Not applicable $1 million and up
39.60% $470,700 and up Not applicable

The House brackets

The House bill differs from the Senate in that it called for a consolidation of the tax brackets, reducing them to four from seven.

That proposal passed the House on Thursday by 227-205.

Here's how your brackets would look under the House overhaul.

Unveiling your new brackets (single filers)

Tax Bracket
Current 2017 Rates
Proposed 2018 Rates
0% Not applicable Up to $12,000
10% $0 to $9,325 Not applicable
12% Not applicable $12,000 to $45,000
15% $9,325 to $37,950 Not applicable
25% $37,950 to $91,900 Beginning at $45,000
28% $91,900 to $191,650 Not applicable
33% $191,650 to $416,700 Not applicable
35% $416,700 to $418,400 Beginning at $200,000
39.6% $418,400 and up Beginning at $500,000
Source: Tax Cuts and Jobs Act

Unveiling your new brackets (married couples)

Tax Bracket
Current 2017 Rates
Proposed 2018 Rates
0% Not applicable Up to $24,000
10% $0 to $18,650 Not applicable
12% Not applicable $24,000 to $90,000
15% $18,650 to $75,900 Not applicable
25% $75,900 to $153,100 Beginning at $90,000
28% $153,100 to $233,350 Not applicable
33% $233,350 to $416,700 Not applicable
35% $416,700 to $470,700 Beginning at $260,000
39.6% $470,700 plus Beginning at $1,000,000
Source: Tax Cuts and Jobs Act

A group of taxpayers currently in the 33 percent bracket would get bumped to 35 percent under the plan. That's because the 35 percent bracket would kick in at lower dollar amounts than the current framework.

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