2020 federal individual income tax rate schedules
|
If taxable income is: |
The tax is: |
|
Not over $9,875 |
10% of the taxable income |
|
Over $9,875 but not over $40,125 |
12% of the excess over $9,875 plus $987.50 |
|
Over $40,125 but not over $85,525 |
22% of the excess over $40,125 plus $4,617.50 |
|
Over $85,525 but not over $163,300 |
24% of the excess over $85,525 plus $14,605.50 |
|
Over $163,300 but not over $207,350 |
32% of the excess over $163,300 plus $33,271.50 |
|
Over $207,350 but not over $518,400 |
35% of the excess over $207,350 plus $47,367.50 |
|
Over $518,400 |
37% of the excess over $518,400 plus $156,235 |
|
If taxable income is: |
The tax is: |
|
Not over $19,750 |
10% of the taxable income |
|
Over $19,750 but not over $80,250 |
12% of the excess over $19,750 plus $1,975 |
|
Over $80,250 but not over $171,050 |
22% of the excess over $80,250 plus $9,235 |
|
Over $171,050 but not over $326,600 |
24% of the excess over $171,050 plus $29,211 |
|
Over $326,600 but not over $414,700 |
32% of the excess over $326,600 plus $66,543 |
|
Over $414,700 but not over $622,050 |
35% of the excess over $414,700 plus $94,735 |
|
Over $622,050 |
37% of the excess over $622,050 plus $167,307.50 |
|
If taxable income is: |
The tax is: |
|
Not over $14,100 |
10% of the taxable income |
|
Over $14,100 but not over $53,700 |
12% of the excess over $14,100 plus $1,410 |
|
Over $53,700 but not over $85,500 |
22% of the excess over $53,700 plus $6,162 |
|
Over $85,500 but not over $163,300 |
24% of the excess over $85,500 plus $13,158 |
|
Over $163,300 but not over $207,350 |
32% of the excess over $163,300 plus $31,830 |
|
Over $207,350 but not over $518,400 |
35% of the excess over $207,350 plus $45,926 |
|
Over $518,400 |
37% of the excess over $518,400 plus $154,793.50 |
Personal exemption:$0. Standard deduction add-ons: Over 65 and or/blind $1,650 (single or HOH) or $1,300 each for married taxpayers or qualified widow(er).
if blind. Also see deductions and exemption phaseouts for high income individuals.
|
If taxable income is: |
The tax is: |
|
Not over $9,875 |
10% of the taxable income |
|
Over $9,875 but not over $40,125 |
12% of the excess over $9,875 plus $987.50 |
|
Over $40,125 but not over $85,525 |
22% of the excess over $40,125 plus $4,617.50 |
|
Over $85,525 but not over $163,300 |
24% of the excess over $85,525 plus $14,605.50 |
|
Over $163,300 but not over $207,350 |
32% of the excess over $163,300 plus $33,271.50 |
|
Over $207,350 but not over $518,400 |
35% of the excess over $207,350 plus $47,367.50 |
|
Over $518,400 |
37% of the excess over $518,400 plus $156,235 |
