2020 Federal Income Tax Brackets

10%

$0 to $9,875

10% of the taxable income

12%

$9,876 to $40,125

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

22%

$40,126 to $85,525

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

24%

$85,526 to $163,300

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

32%

$163,301 to $207,350

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

35%

$207,351 to $518,400

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

37%

$518,401 or more

$154,235 plus 37% of the amount over $518,400

10%

$0 – $19,750

10% of the taxable income

12%

$19,751- $80,250

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

22%

$80,251 – $171-050

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

24%

$171,051 to $326,600

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

32%

$326,601 to $414,700

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

35%

$414,701 to $622,050

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

37%

$622,051 or more

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

10%

$0 – $9,875

10% of the taxable income

12%

$9,976- $40,125

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

22%

$40,126 – $85,525

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

24%

$85,526 to $163,300

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

32%

$163,301 to $207,350

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

35%

$207,351 to $311,025

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

37%

$311,026 or more

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

10%

$0 to $14,100

10% of taxable income

12%

$14,101 to $53,700

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

22%

$53,701 to $85,500

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

24%

$85,501 to $163,300

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

32%

$163,301 to $207,350

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

35%

$207,351 to $518,400

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

37%

$518,401 or more

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