2020 Federal Income Tax Brackets

Single Filers

Tax rate

Taxable income bracket

Tax owed

10%

$0 to $9,950

10% of the taxable income

12%

$9,951 to $40,525

$995 plus 12% of the amount over $9,951

22%

$40,526 to $86,374

$4,664 plus 22% of the amount over $40,526

24%

$86,376 to $164,924

$14,751 plus 24% of the amount over $86,376

32%

$164,926 to $209,424

$33,603 plus 32% of the amount over $164,926

35%

$209,426 to $523,599

$47,843 plus $35% of the amount over $209,426

37%

$523,601 or more

$154,804 plus 37% of the amount over $523,601