Here's a look at what the new income tax brackets mean for every type of US taxpayer this year

Pool/Getty ImagesHere are your new income tax brackets for 2018.
  • President Donald Trump signed the Republican tax bill into law late last year.
  • New income tax brackets for 2018 will affect nearly all taxpayers.
  • How much you’ll pay in taxes depends on several factors, including whether you’re single or married.
  • Business Insider previously listed how single people in different occupations would fare under the tax law.

The Republican tax plan is now the law of the land.

That means it’s time for American taxpayers to brace for some major changes. The new law retains seven income tax brackets but alters the ranges. Personal exemptions have been eliminated, but the standard deduction has increased.

These changes to Americans’ tax brackets won’t kick in when you file your 2017 taxes before Tax Day on April 17 this year. They will apply to income earned in 2018, which you’ll pay taxes on when you file your return next year.

How the new tax bracket shift affects you comes down to several factors, like how much you earn and whether you’re married.

Here’s how the new 2018 income tax brackets will affect both single and married Americans

New 2018 income tax bracketsSkye Gould/Business InsiderNew tax brackets aren’t the only change. Personal exemptions have been eliminated for all taxpayers.

Here’s how the new 2018 income tax brackets and increased standard deductions break down for every type of taxpayer.

2018 tax brackets and income ranges for single taxpayers

  • 10%: $US0 to $US9,525 of taxable income
  • 12%: $US9,526 to $US38,700
  • 22%: $US38,701 to $US82,500
  • 24%: $US82,501 to $US157,500
  • 32%: $US157,501 to $US200,000
  • 35%: $US200,001 to $US500,000
  • 37%: over $US500,000
  • Standard deduction: $US12,000

2018 tax brackets and income ranges for married taxpayers filing jointly and surviving spouses

  • 10%: $US0 to $US19,050 of taxable income
  • 12%: $US19,051 to $US77,400
  • 22%: $US77,401 to $US165,000
  • 24%: $US165,001 to $US315,000
  • 32%: $US315,001 to $US400,000
  • 35%: $US400,001 to $US600,000
  • 37%: over $US600,000
  • Standard deduction: $US24,000

2018 tax brackets and income ranges for taxpayers filing as head of household

  • 10%: $US0 to $US13,600 of taxable income
  • 12%: $US13,601 to $US51,800
  • 22%: $US51,801 to $US82,500
  • 24%: $US82,501 to $US157,500
  • 32%: $US157,501 to $US200,000
  • 35%: $US200,001 to $US500,000
  • 37%: over $US500,000
  • Standard deduction: $US18,000

2018 tax brackets and income ranges for married taxpayers filing separately

  • 10%: $US0 to $US9,525 of taxable income
  • 12%: $US9,526 to $US38,700
  • 22%: $US38,701 to $US82,500
  • 24%: $US82,501 to $US157,500
  • 32%: $US157,501 to $US200,000
  • 35%: $US200,001 to $US300,000
  • 37%: over $US300,000
  • Standard deduction: $US12,000

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