Income Tax Brackets for 2020
These tax brackets and rates are for Tax Year 2020. You can no longer e-File 2020 Tax Returns but you can use these free forms to prepare and mail in your 2020 Return. Get your taxes done on time with eFile.com and our free, easy to use calculators and tools for the current tax year that assist you in finding answers to your personal tax questions.
Use this page to learn about current and future tax year tax brackets and rates.
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2020 Tax Brackets,
Personal Rates
Note: Late filing penalties for 2019 and 2020 Returns have abated or refunded if a taxpayer already claimed them through September 30, 2022. The IRS extended the penalty deadline so that they only begin accruing for returns filed after Sept. 30 instead of the regular due date. Any returns filed before this date should not face any penalties; returns filed after this due date will see a penalty beginning at usually 5% of the taxes due, up to 25%. See more details on tax penalties.
Your taxable income - not tax free income - will be taxed at different IRS income tax brackets or rates based on income tax brackets by tax year and your personal tax return filing status.
Use the RATEucator below to get your personal tax bracket results for Tax Years 2020 and 2021. Review the current 2020 Tax Brackets and Tax Rate table breakdown. The associated state tax rates or brackets vary by state. Tax brackets and thus income tax rates vary by tax year; find previous tax year or back tax brackets and income tax rate tables.
When done with the above RATEucator, use the 2020 Tax Calculator and Refund Estimator for more of your accurate, personal detailed tax return information. Furthermore, optimize your taxes with many of these easy to use Tax Calculator Tools so you get to keep more of your hard earned money.
Taxpayer Case Study for Tax Rate and Bracket Calculation
Take a look at this case study as it demonstrates how IRS taxes are calculated by income tax bracket. For more state related tax rate information, select your state(s). Your income is taxed at a fixed rate for all income within certain brackets. As your income exceeds a bracket, the next portion of income is taxed at the next bracket, and so on.
Taxpayer Name: Elizabeth Filing Status: Single Taxable Income: $50,000
IRS Taxes Due: $6790 Effective Tax Rate: 13.58%
$987.50
$0 - $9,875
$9,875 / 10%
$3,630
$9,875 - $40,125
$30,250 / 12%
$2,172.50
$40,125 - $50,000
$50,000 / 22%
Total taxes calculated over three income tax brackets
and tax rates resulting in an Effective Tax Rate
$6,790
Three Tax Brackets
$50,000 / 13.58%
Tax Rates and Brackets Tables for Tax Year 2020
Below are income tax rate tables by filing status, income tax bracket tiers, and a breakdown of taxes owed. The RATEucator calculates what is outlined here for you. See IRS taxable income thresholds for previous tax brackets for back taxes or future, 2021 brackets. Use the tool above to see a unique breakdown of your income tax. When you prepare your 2020 Tax Return with eFile.com, our tax app will report your income within the respective tax brackets so you don't have to worry about which thresholds you fall into.
2020 Filing Status: Single, Unmarried
See information on the single or individual filing status.
10%
$0 - $9,875
10% within Bracket
12%
$9,876 - $40,125
$987.50 + 12% within Bracket
22%
$40,126 - $85,525
$4,617.50 + 22% within Bracket
24%
$85,526 - $163,300
$14,605.50 + 24% within Bracket
32%
$163,301 - $207,350
$33,271.50 + 32% within Bracket
35%
$207,351 - $518,400
$47,367.50 + 35% within Bracket
37%
over $518,400
$156,235 + 37% within Bracket
2020 Filing Status: Head of Household
See information on the head of household filing status.
10%
$0 - $14,100
10% within Bracket
12%
$14,101 - $53,700
$1,410 + 12% within Bracket
22%
$53,701 - $85,500
$6,162 + 22% within Bracket
24%
$85,501 - $163,300
$13,158 + 24% within Bracket
32%
$163,301 - $207,350
$31,830 + 32% within Bracket
35%
$207,351 - $518,400
$45,926 + 35% within Bracket
37%
over $518,400
$154,793.50 + 37% within Bracket
2020 Filing Status: Married Filing Jointly or Widowed
See information on the married filing jointly or widowed filing status.
10%
$0 - $19,750
10% within Bracket
12%
$19,751 - $80,250
$1,975 + 12% within Bracket
22%
$80,251 - $171,050
$9,235 + 22% within Bracket
24%
$171,051 - $326,600
$29,211 + 24% within Bracket
32%
$326,601 - $414,700
$66,543 + 32% within Bracket
35%
$414,701 - $622,050
$94,735 + 35% within Bracket
37%
over $622,050
$167,307.50 + 37% within Bracket
2020 Filing Status: Married Filing Separately
See information on the married filing separately filing status.
10%
$0 - $9,875
10% within Bracket
12%
$9,876 - $40,125
$987.50 + 12% within Bracket
22%
$40,126 - $85,525
$4,617.50 + 22% within Bracket
24%
$85,526 - $163,300
$14,605.50 + 24% within Bracket
32%
$163,301 - $207,350
$33,271.50 + 32% within Bracket
35%
$207,351 - $311,025
$47,367.50 + 35% within Bracket
37%
over $311,025
$83,653.75 + 37% within Bracket
Keep in mind, you might be able to reduce your taxable income and/or increase your nontaxable income and, as a result, fall into lower a tax bracket. This is done by factoring in tax deductions, tax credits or other tax savings. We suggest you not only look at the many tax calculator tools here, but also calculate and estimate your 2020 Tax Return and potential tax refund now.
Find previous tax year tax rate tables by income tax bracket and filing status. Find your IRS filing status by using the free eFile STATucator.
If you have personal tax questions, contact one of our Taxperts®.
Estimate your income taxes by year with these simple and free tax calculators.
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