The final bill preserves the seven-bracket structure, but reduces most of the tax rates. The rates are effective January 1, 2018 and ending December 31, 2026.
Here are the current and new rates for married filing jointly taxpayers:
| Current Rate | New Rate | |||||
| Income Level | Tax Rate | Income Level | Tax Rate | |||
| $0 - $18,650 | 10% | $0 - $19,050 | 10% | |||
| $18,651 to $75,900 | 15% | $19,051 to $77,400 | 12% | |||
| $75,901 to $153,100 | 25% | $77,401 to $165,000 | 22% | |||
| $153,101 to $233,350 | 28% | $165,001 to $315,000 | 24% | |||
| $233,351 to $416,700 | 33% | $315,001 to $400,000 | 32% | |||
| $416,701 to $470,700 | 35% | $400,001 to $600,000 | 35% | |||
| above $470,700 | 39.60% | above $600,000 | 37% | |||
Here are the current and new rates for single individuals:
| Current Rate | New Rate | |||||
| Income Level | Tax Rate | Income Level | Tax Rate | |||
| $0 to $9,325 | 10% | $o to $9,525 | 10% | |||
| $9,326 to $37,950 | 15% | $9,526 to $38,700 | 12% | |||
| $37,951 to $91,900 | 25% | $38,701 to $82,500 | 22% | |||
| $91,901 to $191,650 | 28% | $82,501 to $157,500 | 24% | |||
| $191,651 to $416,700 | 33% | $157,501 to $200,000 | 32% | |||
| $416,701 to $418,400 | 35% | $200,001 to $500,000 | 35% | |||
| above $418,400 | 39.60% | above $500,000 | 37% | |||