2020 Federal Income Tax Brackets

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

10%

$0 – $19,900

10% of the taxable income

12%

$19,901- $81,050

$1,990 plus 12% of the amount over $19,901

22%

$81,051 – $172-750

$9,328 plus 22% of the amount over $81,051

24%

$172,751 to $329,850

$29,502 plus 24% of the amount over $172,751

32%

$329,851 to $418,850

$67,206 plus 32% of the amount over $329,851

35%

$418,851 to $628,300

$95,686 plus 35% of the amount over $418,851

37%

$628,301 or more

$168,993.50 plus 37% of the amount over $628,301

10%

$0 – $9,950

10% of the taxable income

12%

$9,951- $40,525

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

22%

$40,526 – $86,375

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

24%

$86,376 to $164,925

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

32%

$164,926 to $209,425

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

35%

$209,426 to $314,150

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

37%

$314,151 or more

$84,496.75 plus 37% of the amount over $314,151

10%

$0 to $14,200

10% of taxable income

12%

$14,201 to $54,200

$1,420 plus 12% of the amount over $14,201

22%

$54,201 to $86,350

$6,220 plus 22% of the amount over $54,201

24%

$86,351 to $164,900

$13,293 plus 24% of the amount over $86,351

32%

$164,901 to $209,400

$32,145 plus 32% of the amount over $164,901

35%

$209,401 to $523,600

$45,926 plus $35% of the amount over $209,401

37%

$523,601 or more

$154,355 plus 37% of the amount over $523,601