There are 7 Federal income tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your tax rate is based on your taxable income level and filing status.
(taxes due in April 2020, or in October 2020 with an extension)
Single
| Taxable Income | Tax Rate |
| $0 – $9,700 | 10% of taxable income |
| $9,701 – $39,7475 | $970 plus 12% of the amount over $9,700 |
| $39,476 – $84,200 | $4,543 plus 22% of the amount over $39,475 |
| $84,201 – $160,725 | $14,382.50 plus 24% of the amount over $84,200 |
| $160,726 – $204,100 | $32,748.50 plus 32% of the amount over $160,725 |
| $204,101 – $510,300 | $46,628.50 plus 35% of the amount over $204,100 |
| $510,301 or more | $153,798.50 plus 37% of the amount over $510,300 |
Married Filing Separately
| Taxable Income | Tax Rate |
| $0 – $9,700 | 10% of taxable income |
| $9,701 – $39,475 | $970 plus 12% of the amount over $9,700 |
| $39,476 – $84,200 | $4,543 plus 22% of the amount over $39,475 |
| $84,201 – $160,725 | $14,382.50 plus 24% of the amount over $84,200 |
| $160,726 – $204,100 | $32,748.50 plus 32% of the amount over $160,725 |
| $204,101 to $306,175 | $46,628.50 plus 35% of the amount over $204,100 |
| $306,176 or more | $82,354.75 plus 37% of the amount over $306,175 |
Married Filing Jointly
| Taxable Income | Tax Rate |
| $0 – $19,400 | 10% of taxable income |
| $19,401 – $78,950 | $1,940 plus 12% of the amount over $19,400 |
| $78,951 – $168,400 | $9,086 plus 22% of the amount over $78,950 |
| $168,401 – $321,450 | $28,765 plus 24% of the amount over $168,400 |
| $321,451 – $408,200 | $65,497 plus 32% of the amount over $321,450 |
| $408,201 – $612,350 | $93,257 plus 35% of the amount over $408,200 |
| $612,351 or more | $164,709.50 plus 37% of the amount over $612,350 |
Head of Household
| Taxable Income | Tax Rate |
| $0 – $13,850 | 10% of taxable income |
| $13,851 – $52,850 | $1,385 plus 12% of the amount over $13,850 |
| $52,851 – $84,200 | $6,065 plus 22% of the amount over $52,850 |
| $84,201 – $160,700 | $12,962 plus 24% of the amount over $84,200 |
| $160,701 – $204,100 | $31,322 plus 32% of the amount over $160,700 |
| $204,101 – $510,300 | $45,210 plus 35% of the amount over $204,100 |
| $510,301 or more | $152,380 plus 37% of the amount over $510,300 |
Standard Deduction Amounts
| Filing Status | Standard Deduction |
| Single | $12,200 |
| Married Filing Jointly or Qualifying Widow(er) | $24,400 |
| Married Filing Separately | $12,200 |
| Head of Household | $18,350 |