2020 Tax Brackets and Rates
RateFor Single Individuals, Taxable Income OverFor Married Individuals Filing Joint Returns, Taxable Income OverFor Heads of Households, Taxable Income Over
10% $0 $0 $0
12% $9,875 $19,750 $14,100
22% $40,125 $80,250 $53,700
24% $85,525 $171,050 $85,500
32% $163,300 $326,600 $163,300
35% $207,350 $414,700 $207,350
37% $518,400 $622,050 $518,400

Source: Internal Revenue Service

 2020 Standard Deduction

Source: Internal Revenue Service

Filing StatusDeduction Amount
Single $12,400
Married Filing Jointly $24,800
Head of Household $18,650

 

 

 

2019 TAX BRACKETS2019 TAX BRACKETS

2019 STANDARD DEDUCTIONS2019 STANDARD DEDUCTIONS