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 |
This document is up to date as of September 3, 2020 and reflects the status of legislation, including proposed amendments at this date.
U.S. Federal Tax – Individuals (2020)
Corporate Taxation and U.S. Federal Tax Rates
