Question

What is the income tax rate in usa for individual and compamy?

Answer 1

Personal income tax rates. For individuals, the top income tax rate for 2018 is 37 percent (reduced from 39.6 percent by P.L. 115-97), except for long-term capital gains and qualified dividends (discussed below). P.L. 115-97 reduces both the individual tax rates and the number of tax brackets.

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Answer 2

Answer:

Past-due returns incur two types of penalties: failure to file and failure to pay. It is important to act as early as possible to begin settling any dues to the IRS. At RKB, we can help estimate potential failure to file and failure to pay penalties that are to be incurred by clients. If you have unfiled US tax returns, you may be eligible to file those delinquent tax returns under the Streamlined Filing Compliance Procedures, and you will not be subject to failure-to-file and failure-to-pay penalties.