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The 2020 tax brackets in comparison to 2019 tax brackets increased around 2% due to indexing. The new tax law passed in 2017 maintains the 10% tax rate base line for earners in the lower spectrum but slashes the high-income tax rates from 39.6% to 37% starting in 2018.
You can find out more on the comparion of tax brackets for 2019 vs 2018 and difference between 2017 and 2018 tax brackets.
Single tax payers
| 2020 Tax Rate | 2020 Income Bracket | | | 2019 Rate | 2019 Income Bracket |
| 10% | Up to $9,875 | | | 10% | Up to $9,700 |
| 12% | $9,876-$40,125 | | | 12% | $9,701-$39,475 |
| 22% | $40,126-$85,525 | | | 22% | $39,476-$84,200 |
| 24% | $85,526 – $163,300 | | | 24% | $84,201 – $160,725 |
| 32% | $163,301-$207,350 | | | 32% | $160,726-$204,100 |
| 35% | $207,351-$518,400 | | | 35% | $204,101-$510,300 |
| 37% | $518,401+ | | | 37% | $510,301+ |
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Married couples filing jointly or Qualifying Widow
| 2020 Tax Rate | 2020 Income Bracket | | | 2019 Rate | 2019 Income Bracket |
| 10% | Up to $19,750 | | | 10% | Up to $19,400 |
| 12% | $19,751-$80,250 | | | 12% | $19,401-$78,950 |
| 22% | $80,251-$171,050 | | | 22% | $78,951-$168,400 |
| 24% | $171,051-$326,600 | | | 24% | $168,401-$321,450 |
| 32% | $326,601-$414,700 | | | 32% | $321,451-$408,200 |
| 35% | $414,701-$622,050 | | | 35% | $408,001-$612,350 |
| 37% | $622,051+ | | | 37% | $612,351+ |
Married couple filing separately
| 2020 Tax Rate | 2020 Income Bracket | | | 2019 Rate | 2019 Income Bracket |
| 10% | Up to $9,875 | | | 10% | Up to $9,700 |
| 12% | $9,876-$40,125 | | | 12% | $9,701-$39,475 |
| 22% | $40,126-$85,525 | | | 22% | $39,476-$84,200 |
| 24% | $85,526 – $163,300 | | | 24% | $84,201 – $160,725 |
| 32% | $163,301-$207,350 | | | 32% | $160,726-$204,100 |
| 35% | $207,351-$311,025 | | | 35% | $204,101-$306,175 |
| 37% | $311,026+ | | | 37% | $306,176+ |
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Heads of the household
| 2020 Tax Rate | 2020 Income Bracket | | | 2019 Rate | 2019 Income Bracket |
| 10% | Up to $14,100 | | | 10% | Up to $13,850 |
| 12% | $14,100-$53,700 | | | 12% | $13,851-$52,850 |
| 22% | $53,700-$85,500 | | | 22% | $52,851-$84,200 |
| 24% | $85,501-$163,300 | | | 24% | $84,201-$160,725 |
| 32% | $163,301-$207,350 | | | 32% | $160,726-$204,100 |
| 35% | $207,350-$518,400 | | | 35% | $204,101-$510,300 |
| 37% | $518,401+ | | | 37% | $510,301+ |
You can also read about 2018 Tax Reform – Business Interest Deduction, Section 199A – Impact on Small and Pass-through business or 2018 Tax law update for Individuals. Contact us to learn more about our services.
