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 |