Table 3.3 2018 Federal Income Tax Brackets and Tax Rates ( S. A. Hummelbrunner) Taxable Income (income kets] Tax Rates $46 605 or less 15% of taxable income less than or equal to $46 605- plus Over $46 605 up to $93 208 20.5% of taxable income greater than $46 605 and less than or equal to $93 208, plus Over $93 208 up to $144 489 26% of taxable income greater than $93 208 and less than or equal to $144 489, plus Over $144 489 up to $205 842 29% of taxable income greater than $144 489 and less than or equal to $205 842 Jolus Over $205 842 33% of taxable income greater than $205 842