« previous next »
Pages: [1]   Go Down

Author Topic: These Are the 2020 Tax Brackets  (Read 661 times)

0 Members and 1 Guest are viewing this topic.

Offline OfTheCross

  • Hero Member
  • *****
  • Posts: 739
These Are the 2020 Tax Brackets
« on: November 06, 2019, 08:35:03 pm »
For married individuals filing jointly:

10%: 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 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

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

https://www.irs.gov/pub/irs-drop/rp-19-44.pdf
Logged
If a well-regulated militia be the most natural defense of a free country, it ought certainly to be under the regulation and at the disposal of that body which is constituted the guardian of the national security.

Offline Wingnut

  • That is the problem with everything. They try and make it better without realizing the old is fine.
  • Hero Member
  • *****
  • Posts: 26,670
  • Gender: Male
Re: These Are the 2020 Tax Brackets
« Reply #1 on: November 06, 2019, 08:53:36 pm »
If you have a point.  Make it.
Logged
I am just a Technicolor Dream Cat riding this kaleidoscope of life.

Offline Gefn

  • "And though she be but little she is fierce"-Shakespeare
  • Cat Mod
  • *****
  • Posts: 18,431
  • Gender: Female
  • Quos Deus Vult Perdere Prius Dementat
Here are your new income tax brackets for 2020
« Reply #2 on: November 06, 2019, 09:42:51 pm »
The IRS released the federal tax rates and income brackets for 2020 on Wednesday. The seven tax rates remain unchanged, while the income limits have been adjusted for inflation.

Tax rates in the U.S. are marginal, meaning that different levels of the same person’s income are taxed at different rates. If you and your spouse earn $80,000 in 2020 and are married filing jointly, for example, the first $19,750 of that will be taxed at 10%, and the income over $19,750 will be taxed at 12%.

The 2020 tax brackets affect the taxes that will be filed in 2021. These are the 2019 brackets.

Here are the new brackets for 2020, depending on your income and filing status.

https://www.cnbc.com/2019/11/06/tax-rates-and-income-brackets-for-2020.html
Logged
G-d bless America. G-d bless us all                                 

Adopt a puppy or kitty from your local shelter
Or an older dog or cat. They're true love❤️

Offline OfTheCross

  • Hero Member
  • *****
  • Posts: 739
Re: Here are your new income tax brackets for 2020
« Reply #3 on: November 06, 2019, 09:44:41 pm »
Logged
If a well-regulated militia be the most natural defense of a free country, it ought certainly to be under the regulation and at the disposal of that body which is constituted the guardian of the national security.
Pages: [1]   Go Up
« previous next »