Do you know your 2019 tax bracket?
The Tax Cuts and Jobs Act of 2017 was passed over a year ago, but according to NerdWallet’s 2019 Tax Study, more than one quarter of Americans don’t understand what changed, and roughly half don’t understand how those changes affect them.
While the new law preserves the seven-bracket system, the rates and income levels at which they apply have changed. The new rates are: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
Check out NerdWallet’s full breakdown here before Tax Day, which is Monday, April 15th.