CRS Updates Individual Rate Report to Reflect New Tax Law

CRS Updates Individual Rate Report to Reflect New Tax Law

Congressional Research Service

Individual marginal income tax rates were unchanged following the American Taxpayer Relief Act of 2012 (P.L. 112-240) until the enactment of the Tax Cuts and Jobs Act (P.L. 115-97), which updates the rate brackets to 10, 12, 22, 24, 32, 35, 35, and 37 percent, the Congressional Research Service said in a February 12 report.

Individual marginal income tax rates were unchanged following the American Taxpayer Relief Act of 2012 (P.L. 112-240) until the enactment of the Tax Cuts and Jobs Act (P.L. 115-97), which updates the rate brackets to 10, 12, 22, 24, 32, 35, 35, and 37 percent, the Congressional Research Service said in a February 12 report.

Individual marginal income tax rates were unchanged following the American Taxpayer Relief Act of 2012 (<a href="/lr/resolve/source-document/dtht" title="Source document">P.L. 112-240</a>) until the enactment of the Tax Cuts and Jobs Act (<a href="/lr/resolve/source-document/1xftl" title="Source document">P.L. 115-97</a>), which updates the rate brackets to 10, 12, 22, 24, 32, 35, 35, and 37 percent, the Congressional Research Service said in a February 12 report.