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9 235 plus 22 of the excess over 80 250.
Married filing federal income tax brackets 2020. 35 for incomes over 207 350 414 700 for married couples filing jointly. 2020 federal income tax brackets and rates for single filers married couples filing jointly and heads of households. Over 326 600 but not over 414 700. Over 80 250 but not over 171 050.
10 of the taxable income. 32 for incomes over 163 300 326 600 for married couples filing jointly. 29 211 plus 24 of the excess over 171 050. For married couples filing jointly the top rate of tax has remained the same at 37.
1 975 plus 12 of the excess over 19 750. 32 for incomes over 321 450. Over 171 050 but not over 326 600. For single taxpayers and married individuals filing separately the standard deduction rises.
In 2020 the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows table 1. 22 for incomes over 40 125 80 250 for married couples filing. To qualify for the top rate of tax you must have earned more than 612 350. 35 for incomes over 408 200.
The standard deduction for married filing jointly rises to 24 800 for tax year 2020 up 400 from 2019. Over 19 750 but not over 80 250. 24 for incomes over 168 400. The federal tax brackets are broken down into seven 7 taxable income groups based on your filing status.
10 12 22 24 32 35 and 37. The other tax brackets for married taxpayers filing jointly are. Tax brackets and rates. For tax year 2020 the top tax rate remains 37 for individual single taxpayers with incomes greater than 518 400 622 050 for married couples filing jointly.
The tax rates for 2020 are. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income of 518 400 and higher for single filers and 622 050 and higher for married couples filing jointly. The other rates are. 24 for incomes over 85 525 171 050 for married couples filing jointly.
Rate for single individuals for married individuals filing joint returns for heads of households.
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