Big changes are proposed for individual’s tax rates and deductions for 2018. The following are based upon the assumption that the current Tax Reform Bill will be written into law before the end of 2017.
Tax Brackets and Tax Rates.
There will still be 7 tax rates, starting at 10%. However the top rate is being cut from 39.6% down to 37%.
Single Filers:
Married Fliing Separately:
Married Filing Jointly:
Head of Household:
Need some advice?
To speak to an adviser about your US/UK Tax affairs, please call Rachel Finch, Director, on 01275 867350. Alternatively, you can send a message to the team now.