Retirement tax questions

There is no 11% tax bracket. The brackets are 10%, 12%, 22% and so forth. When your taxable income reaches the top of the 12% bracket, any income above that amount is taxed at 22%.

Here are the brackets for certain income amounts based on your filing status:

2018 Taxable Income Brackets and Rates

2018 Marginal Tax Rate      Single and MFS Filers       Married Joint Filers           Head of Household Filers

10%                                     $0–$9,525                          $0–$19,050                         $0–$13,600

12%                                     $9,526–$38,700                 $19,051–$77,400                $13,601–$51,800

22%                                     $38,701–$82,500                $77,401–$165,000              $51,801–$82,500

24%                                    $82,501–$157,500                $165,001–$315,000           $82,501–$157,500

32%                                   $157,501–$200,000               $315,001–$400,000           $157,501–$200,000

35%                                    $200,001–$500,000 (S)         $400,001–$600,000           $200,001–$500,000

                                          $200,001–$300,000 (MFS)

37%                                   Over $500,000 (S)                   Over $600,000                   Over $500,000

                                           Over $300,000 (MFS)


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