Corporate Taxation and U.S. Federal Tax Rates

U.S. Federal Tax – Individuals (2020)

 

This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.

Single individual
$9,875 or less
$9,876 – $40,125
$40,126 – $85,525
$85,526 – $163,300
$163,301 – $207,350
$207,351 – $518,400
$518,401 or more
10% of taxable income
$988 + 12% on next $30,250
$4,618 + 22% on next $45,400
$14,606 + 24% on next $77,775
$33,272 + 32% on next $44,050
$47,368 + 35% on next $311,050
$156,235 + 37% on excess
Single individual, head of household
$14,100 or less
$14,101 – $53,700
$53,701 – $85,500
$85,501 – $163,300
$163,301 – $207,350
$207,351 – $518,400
$518,401 or more
10% of taxable income
$1,410 + 12% on next $39,600
$6,162 + 22% on next $31,800
$13,158 + 24% on next $77,800
$31,830 + 32% on next $44,050
$45,926 + 35% on next $311,050
$154,794 + 37% on excess
Married individuals who file individual returns
$9,875 or less
$9,876 – $40,125
$40,126 – $85,525
$85,526 – $163,300
$163,301 – $207,350
$207,351 – $311,025
$311,026 or more
10% of taxable income
$988 + 12% on next $30,250
$4,618 + 22% on next $45,400
$14,606 + 24% on next $77,775
$33,272 + 32% on next $44,050
$47,368 + 35% on next $103,675
$83,654 + 37% on excess
Married individuals who file joint return and surviving spouses
$19,750 or less
$19,751 – $80,250
$80,251 – $171,050
$171,051 – $326,600
$326,601 – $414,700
$414,701 – $622,050
$622,051 or more
10% of taxable income
$1,975 + 12% on next $60,500
$9,235 + 22% on next $90,800
$29,211 + 24% on next $155,550
$66,543 + 32% on next $88,100
$94,735 + 35% on next $207,350
$167,308 + 37% on excess

 

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