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  2. The federal tax brackets for 2020 are broken down into seven (7) taxable income groups, based on your filing status1. The tax rates for 2020 are: 10%, 12%, 22%, 24%, 32%, 35%, and 37%12. The Head of Household Tax Table for 2020 is as follows2:
    1. 10% - $0 to $14,100
    2. 12% - $14,101 to $53,700
    3. 22% - $53,701 to $85,500
    4. 24% - $85,501 to $163,300
    5. 32% - $163,301 to $207,350
    6. 35% - $207,351 to $518,400
    7. 37% - Over $518,400
    Learn more:
    The federal tax brackets are broken down into seven (7) taxable income groups, based on your filing status. The tax rates for 2020 are: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
    www.irs.com/en/2020-federal-tax-rates-brackets-st…

    Head of Household Tax Table

    • 10% - $0 to $14,100
    • 12% - $14,101 to $53,700
    • 22% - $53,701 to $85,500
    • 24% - $85,501 to $163,300
    • 32% - $163,301 to $207,350
    www.purposefulfinance.org/home/articles/irs-2020 …
     
  3. People also ask
    What is the 2020 federal income tax rate?Your 2020 federal-income tax rate depends on your taxable income and filing status. It determines how much you pay for taxes due in May 2021. Photo: Tammy Lian There are seven federal income-tax brackets with tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%.
    What are the 2020 federal income tax brackets?In 2020, the **federal income tax brackets** were as follows: - **10%**: Up to $9,875 for single individuals, up to $19,750 for married couples filing jointly, and up to $14,100 for heads of households.
    Includes AI generated content
    What tax tables does the 2020 tax calculator use?The 2020 Tax Calculator uses the 2020 Federal Tax Tables and 2020 Federal Tax Tables, you can view the latest tax tables and historical tax tables used in our tax and salary calculators here.. iCalculator aims to make calculating your Federal and State taxes and Medicare as simple as possible.
    How much is a taxable income tax exemption in 2020?In 2020, the exemption will start phasing out at $518,400 in AMTI for single filers and $1,036,800 for married taxpayers filing jointly (Table 4). The maximum Earned Income Tax Credit in 2020 for single and joint filers is $538, if there are no children (Table 5).
     
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