Tax Rates
2020 Tax Rates Schedule X – Single | ||
If taxable income is over | But not over | The tax is |
|---|---|---|
$0 | $9,875 | 10% of the taxable amount |
$9,875 | $40,125 | $987.50 plus 12% of the excess over $9,875 |
$40,125 | $85,525 | $4,617.50 plus 22% of the excess over $40,125 |
$85,525 | $163,300 | $14,605.50 plus 24% of the excess over $85,525 |
$163,300 | $207,350 | $33,271.50 plus 32% of the excess over $163,300 |
$207,350 | $518,400 | $47,367.50 plus 35% of the excess over $207,350 |
$518,400 | no limit | $156,235.00 plus 37% of the excess over $518,400 |