1. 2018 Individual Income Tax Brackets. The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status. ...
2. 2018 Standard Deduction Amounts. There are 2 main types of tax deductions: the standard deduction and itemized deductions.

 2018 Standard Deduction Amounts. The standard deduction amounts will increase to$12,000 for individuals, $18,000 for heads of household, and $24,000 for married couples filing jointly and surviving spouses. For 2018, the additional standard deduction amount for the aged or the blind is $1,300