Federal Business Income Tax Tables

2018

C-CORPORATION TAX RATE
21% Flat Tax Rate

CORPORATE ALTERNATIVE MINIMUM TAX
Repealed, beginning in 2018

QUALIFIED BUSINESS INCOME 20% DEDUCTION FOR PASS-THROUGH ENTITIES
Qualified income will be taxable at 80% of the normal tax bracket rate on other business income
Applies to the lesser of 20% of business income or 50% of total wages paid by the business
Specifically excludes certain types of professional service and investment income

 
 

2017

CORPORATIONS
Taxable Income Tax Rate
$0–$50,000 15%
$50,001–$75,000 25%
$75,001-$100,000 34%
$100,001-$335,000 39%
$335,000-$10,000,000 34%
$10,000,001-$15,000,000 35%
$15,000,001-$18,333,333 38%
$18,333,334+ 35%

The information presented here is not intended to be a comprehensive analysis. Cherry Bekaert Benefits Consulting is a benefits advisory firm and does not provide tax or legal advice. Individuals or Employers should consult with qualified legal and/or tax counsel for guidance in respect of matters of law, tax and related regulation.

Cherry Bekaert Benefits Consulting, LLC is a Chernoff Diamond Affiliate. Chernoff Diamond & Co., LLC is a Managing Member of Cherry Bekaert Benefits Consulting. Chernoff Diamond & Co., LLC offers Investment Advisory Services through M Holdings Securities, Inc., A Registered Broker/Dealer, Member FINRA/SIPC. Check the background of this Firm and/or investment professional on FINRA's BrokerCheck. Chernoff Diamond & Co., LLC is independently owned and operated. Chernoff Diamond & Co., LLC, is a member of M Financial Group. Please visit mfin.com/DisclosureStatement.htm for further details involving this relationship.

Chernoff Diamond and their registered representatives are currently licensed to sell variable life and annuity products, as well as other securities products, in the states of California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Missouri, New Jersey, New York, North Carolina, Pennsylvania, Virginia, Wyoming and Washington DC. Residents of other states should consult with a local registered representative for securities products.

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