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  • Andrew Govtvyan, EA

New Income Tax Brackets for 2020

The 2020 tax rates and income brackets will affect the taxes you file in 2021.


For married individuals filing jointly:

10%: Taxable income up to $19,750

12%: Income between $19,750 to $80,250

22%: Income between $80,250 to $171,050

24%: Income between $171,050 to $326,600

32%: Income between $326,600 to $414,700

35%: Income between $414,700 to $622,050

37%: Income over $622,050


For married individuals filing separately:

10%: Up to $9,875

12%: Income between $9,875 to $40,125

22%: Income between $40,125 to $85,525

24%: Income between $85,525 to $163,300

32%: Income between $163,300 to $207,350

35%: Income between $207,350 to $311,025

37%: Income over $311,025


For unmarried individuals:

10%: Up to $9,875

12%: Income between $9,875 to $40,125

22%: Income between $40,125 to $85,525

24%: Income between $85,525 to $163,300

32%: Income between $163,300 to $207,350

35%: Income between $207,350 to $518,400

37%: Income over $518,400


For heads of households:

10%: Up to $14,100

12%: Income between $14,100 to $53,700

22%: Income between $53,700 to $85,500

24%: Income between $85,500 to $163,300

32%: Income between $163,300 to $207,350

35%: Income between $207,350 to $518,400

37%: Income over $518,400


As seen on CNBC

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