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- The federal tax brackets for the 2020 tax year are123:
- 10% for incomes up to $9,875 ($19,750 for married couples filing jointly)
- 12% for incomes over $9,875 ($19,750 for married couples filing jointly)
- 22% for incomes over $40,125 ($80,250 for married couples filing jointly)
- 24% for incomes over $85,525 ($171,050 for married couples filing jointly)
- 32% for incomes over $163,300 ($326,600 for married couples filing jointly)
- 35% for incomes over $207,350 ($414,700 for married couples filing jointly)
- 37% for incomes over $518,400 ($622,050 for married couples filing jointly)
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.There are seven federal tax brackets for the 2020 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your bracket depends on your taxable income and filing status. These are the rates for taxes due in May 2021. Tax brackets and rates for the 2021 tax year, as well as for 2019 and previous years, are elsewhere on this page.
www.nerdwallet.com/article/taxes/federal-income-t…For the 2020 tax year, there are seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your filing status and taxable income (such as your wages) will determine what bracket you’re in. What Are Tax Brackets? Tax brackets were created by the IRS to determine how much money you need to pay the IRS annually.
www.forbes.com/advisor/taxes/taxes-federal-incom…12% for incomes over $9,875 ($19,750 for married couples filing jointly).
- 35%, for incomes over $207,350 ($414,700 for married couples filing jointly);
- 32% for incomes over $163,300 ($326,600 for married couples filing jointly);
www.irs.gov/newsroom/irs-provides-tax-inflation-ad… - People also ask
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