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2020 Federal Income Tax Brackets

Find out your 2020 federal income tax bracket with user friendly IRS tax tables for married individuals filing joint returns, heads of households, unmarried individuals, married individuals filing separate returns, and estates and trusts.1

 

 

Married Individuals Filing Joint Returns, & Surviving Spouses

Taxable Income

2020 Tax

Not over $19,750

10% of the taxable income

Over $19,750 but not over $80,250

$1,975 plus 12% of the excess over $19,750

Over $80,250 but not over $171,050

$9,235 plus 22% of the excess over $80,250

Over $171,050 but not over $326,600

$29,211 plus 24% of the excess over $171,050

Over $326,600 but not over $414,700

$66,543 plus 32% of the excess over $326,600

Over $414,700 but not over $622,050

$94,735 plus 35% of the excess over $414,700

Over $622,050

$167,307.50 plus 37% of the excess over $622,050

 

Heads of Households

 

Taxable Income

2020 Tax

Not over $14,100

10% of the taxable income

Over $14,100 but not over $53,700

$1,410 plus 12% of the excess over $14,100

Over $53,700 but not over $85,500

$6,162 plus 22% of the excess over $53,700

Over $85,500 but not over $163,300

$13,158 plus 24% of the excess over $85,500

Over $163,300 but not over $207,350

$31,830 plus 32% of the excess over $163,300

Over $207,350 but not over $518,400

$45,926 plus 35% of the excess over $207,350

Over $518,400

$154,793.50 plus 37% of the excess over $518,400

 

Unmarried Individuals (other than surviving spouses and heads of households)

 

Taxable Income

2020 Tax

Not over $9,875

10% of the taxable income

Over $9,875 but not over $40,125

$987.50 plus 12% of the excess over $9,875

Over $40,125 but not over $85,525

$4,617.50 plus 22% of the excess over $40,125

Over $85,525 but not over $163,300

$14,605.50 plus 24% of the excess over $85,525

Over $163,300 but not over $207,350

$33,271.50 plus 32% of the excess over $163,300

Over $207,350 but not over $518,400

$47,367.50 plus 35% of the excess over $207,350

Over $518,400

$156,235 plus 37% of the excess over $518,400

 

Married Individuals Filing Separate Returns

 

Taxable Income

2020 Tax

Not over $9,875

10% of the taxable income

Over $9,875 but not over $40,125

$987.50 plus 12% of the excess over $9,875

Over $40,125 but not over $85,525

$4,617.50 plus 22% of the excess over $40,125

Over $85,525 but not over $163,300

$14,605.50 plus 24% of the excess over $85,525

Over $163,300 but not over $207,350

$33,271.50 plus 32% of the excess over $163,300

Over $207,350 but not over $311,025

$47,367.50 plus 35% of the excess over $207,350

Over $311,025

$83,653.75 plus 37% of the excess over $311,025

 

Estates & Trusts

 

Taxable Income

2020 Tax

Not over $2,600

10% of the taxable income

Over $2,600 but not over $9,450

$260 plus 24% of the excess over $2,600

Over $9,450 but not over $12,950

$1,904 plus 35% of the excess over $9,450

Over $12,950

$3,129 plus 37% of the excess over $12,950

 

 

Planning Tip

 

When looking at your federal income tax bracket, pay attention first to your last bracket. Why? That’s where you start to pocket cash when you find a new or additional tax deduction.

 

Example: You are married. You and your spouse have taxable income of $210,000. That puts the two of you in the 24 percent federal income tax bracket. If you can find $10,000 in new deductions, you pocket $2,400.

 

If you're already a subscriber to the Tax Reduction Letter, you will be prompted to log in when you CLICK HERE.

If you are not yet a subscriber, CLICK HERE. You'll get a no-obligation 7-day FREE trial during which you can read all of our helpful tax saving tips from the last two months. This trial is absolutely free and there are no strings attached.


 

1    Rev. Proc. 2019-44.