|
|
2020 Tax Rates
2020 Tax Rates Schedule X - Single |
The tax is | If taxable income is over | But not over |
10% of the taxable amount | $0 | $9,875 |
$987.50 plus 12% of the excess over $9,875 | $9,875 | $40,125 |
$4,617.50 plus 22% of the excess over $40,125 | $40,125 | $85,525 |
$14,605.50 plus 24% of the excess over $85,525 | $85,525 | $163,300 |
$33,271.50 plus 32% of the excess over $163,300 | $163,300 | $207,350 |
$47,367.50 plus 35% of the excess over $207,350 | $207,350 | $518,400 |
$156,235.00 plus 37% of the excess over $518,400 | $518,400 | no limit |
2020 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er) |
The Tax is | If taxable income is over | But Not Over |
10% of the taxable amount | $0 | $19,750 |
$1,975.00 plus 12% of the excess over $19,750 | $19,750 | $80,250 |
$9,235.00 plus 22% of the excess over $80,250 | $80,250 | $171,050 |
$29,211.00 plus 24% of the excess over $171,050 | $171,050 | $326,600 |
$66,543.00 plus 32% of the excess over $326,600 | $326,600 | $414,700 |
$94,735.00 plus 35% of the excess over $414,700 | $414,700 | $622,050 |
$167,307.50 plus 37% of the excess over $622,050 | $622,050 | no limit |
2020 Tax Rates Schedule Y-2 - Married Filing Separately |
The tax is: | If taxable income is over | But Not Over |
10% of the taxable amount | $0 | $9,875 |
$987.50 plus 12% of the excess over $9,875 | $9,875 | $40,125 |
$4,617.50 plus 22% of the excess over $40,125 | $40,125 | $85,525 |
$14,605.50 plus 24% of the excess over $85,525 | $85,525 | $163,300 |
$33,271.50 plus 32% of the excess over $163,300 | $163,300 | $207,350 |
$47,367.50 plus 35% of the excess over $207,350 | $207,350 | $311,025 |
$83,653.75 plus 37% of the excess over $311,025 | $311,025 | no limit |
2020 Tax Rates Schedule Z - Head of Household |
The tax is: | If taxable income is over | But Not Over |
10% of the taxable amount | $0 | $14,100 |
$1,410.00 plus 12% of the excess over $14,100 | $14,100 | $53,700 |
$6,162.00 plus 22% of the excess over $53,700 | $53,700 | $85,500 |
$13,158.00 plus 24% of the excess over $85,500 | $85,500 | $163,300 |
$31,830.00 plus 32% of the excess over $163,300 | $163,300 | $207,350 |
$45,926.00 plus 35% of the excess over $207,350 | $207,350 | $518,400 |
$154,793.50 plus 37% of the excess over $518,400 | $518,400 | no limit |
2020 Tax Rates Estates & Trusts |
The Tax is | If taxable income is over | But Not Over |
10% of the taxable income | $0 | $2,600 |
$260.00 plus 24% of the excess over $2,600 | $2,600 | $9,450 |
$1,904.00 plus 35% of the excess over $9,450 | $9,450 | $12,950 |
$3,129.00 plus 37% of the excess over $12,950 | $12,950 | no limit |
2020 Standard Mileage Rate |
57.5 cents | Business |
17.0 cents | Medical Care or Move |
14.0 cents | Charitable |
|