2020 Tax Rates
If Taxable Income Is: The Tax Is:
- $0 to $9,875 10% of taxable income
- $9,875 to $40,125 $987.50 + 12% of the amount over $9,875
- $40,125 to $85,525 $4,617.50 + 22% of the amount over $40,125
- $85,525 to $163,300 $14,605.50 + 24% of the amount over $85,525
- $163,300 to $207,350 $33,271.50 + 32% of the amount over $163,300
- $207,350 to $518,400 $47,367.50 + 35% of the amount over $207,350
- Over $518,400 $156,235 + 37% of the amount over $518,400
If Taxable Income Is: The Tax Is:
- $0 to $14,100 10% of taxable income
- $14,100 to $53,700 $1,410 + 12% of the amount over $14,100
- $53,700 to $85,500 $6,162 + 22% of the amount over $53,700
- $85,500 to $163,300 $13,158 + 24% of the amount over $85,500
- $163,300 to $207,350 $31,830 + 32% of the amount over $163,300
- $207,350 to $518,400 $45,926 + 35% of the amount over $207,350
- Over $518,400 $154,793.50 + 37% of the amount over $518,400
If Taxable Income Is: The Tax Is:
- $0 to $19,750 10% of taxable income
- $19,750 to $80,250 $1,975 + 12% of the amount over $19,750
- $80,250 to $171,050 $9,235 + 22% of the amount over $80,250
- $171,050 to $326,600 $29,211 + 24% of the amount over $171,050
- $326,600 to $414,700 $66,543 + 32% of the amount over $326,600
- $414,700 to $622,050 $94,735 + 35% of the amount over $414,700
- Over $622,050 $167,307.50 + 37% of the amount over $622,050
If Taxable Income Is: The Tax Is:
- $0 to $9,875 10% of taxable income
- $9,875 to $40,125 $987.50 + 12% of the amount over $9,875
- $40,125 to $85,525 $4,617.50 + 22% of the amount over $40,125
- $85,525 to $163,300 $14,605.50 + 24% of the amount over $85,525
- $163,300 to $207,350 $33,271.50 + 32% of the amount over $163,300
- $207,350 to $311,025 $47,367.50 + 35% of the amount over $207,350
- Over $311,025 $83,653.75 + 37% of the amount over $311,025
Standard Mileage Rate
Use Rate
- Business 57.5 cents per mile
- Medical Care or Move 17 cents
- Charitable 14 cents
