2020 Federal Tax Brackets

 

tax brackets

The tax rate which will be taxed on your income is determined by your federal tax bracket. Tax brackets are updated each Tax Year and may be different for each filing status. Only your taxable income is taxed by this tax rate. (Not sure which filing status to select?)

Using the 2020 tax rate schedule, find your tax bracket and tax rate or use the calculator below to figure out your tax using IRS's tax tables.

2020 Tax Rate Schedule

If taxable income more than - but not over - the tax is:
$0 $9,875 10% of the amount over $0
$9,875 $40,125 $987.50 plus 12% of the amount over $9,875
$40,125 $85,525 $4,617.50 plus 22% of the amount over $40,125
$85,525 $163,300 $14,605.50 plus 24% of the amount over $85,525
$163,300 $207,350 $33,271.50 plus 32% of the amount over $163,300
$207,250 $518,400 $47,367.50 plus 35% of the amount over $207,250
$518,400 no limit $156,235 plus 37% of the amount over $518,400
If taxable income more than - but not over - the tax is:
$0 $19,750 10% of the amount over $0
$19,750 $80,250 $1,975 plus 12% of the amount over $19,750
$80,250 $171,050 $9,235 plus 22% of the amount over $80,250
$171,050 $326,600 $29,211 plus 24% of the amount over $171,050
$326,600 $414,700 $66,543 plus 32% of the amount over $326,600
$414,700 $622,050 $94,735 plus 35% of the amount over $414,700
$622,050 no limit $167,307.50 plus 37% of the amount over $622,050
If taxable income more than - but not over - the tax is:
$0 $9,875 10% of the amount over $0
$9,875 $40,125 $987.50 plus 12% of the amount over $9,875
$40,125 $85,525 $4,543 plus 22% of the amount over $40,125
$85,525 $163,300 $14,605.50 plus 24% of the amount over $85,525
$163,300 $207,350 $33,271.50 plus 32% of the amount over $163,300
$207,350 $311,025 $47,367.50 plus 35% of the amount over $207,350
$311,025 no limit $83,653.75 plus 37% of the amount over $311,025
If taxable income more than - but not over - the tax is:
$0 $14,100 10% of the amount over $0
$14,100 $53,700 $1,410 plus 12% of the amount over $14,100
$53,700 $85,500 $6,162 plus 22% of the amount over $53,700
$85,500 $163,300 $13,158 plus 24% of the amount over $85,500
$163,300 $207,350 $31,830 plus 32% of the amount over $163,300
$207,350 $518,400 $45,936 plus 35% of the amount over $207,350
$518,400 no limit $154,793.50 plus 37% of the amount over $518,400

2020 Tax Table Lookup