Tax Rates

Tax Rates

Tax Rates

The following sets out key tax rates for 2020

2020 Tax Brackets for Single Filers and Married Couples Filing Jointly

Tax RateTaxable Income
(Single)
Taxable Income
(Married Filing Jointly)
10%Up to $9,875Up to $19,750
12%$9,876 to $40,125$19,751 to $80,250
22%$40,126 to $85,525$80,251 to $171,050
24%$85,526 to $163,300$171,051 to $326,600
32%$163,301 to $207,350$326,601 to $414,700
35%$207,351 to $518,400$414,701 to $622,050
37%Over $518,400Over $622,050

2020 Tax Brackets for Married Couples Filing Separately and Head-of-Household Filers

Tax RateTaxable Income
(Married Filing Separately)
Taxable Income
(Head of Household)
10%Up to $9,875Up to $14,100
12%$9,876 to $40,125$14,101 to $53,700
22%$40,126 to $85,525$53,701 to $85,500
24%$85,526 to $163,300$85,501 to $163,300
32%$163,301 to $207,350$163,301 to $207,350
35%$207,351 to $311,025$207,351 to $518,400
37%Over $311,025Over $518,400
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