Tax Rates

2020 Tax Rates

Over Not Over %
$0
$9,950
10%
9,950
40,525
12%
40,525
86,375
22%
86,375
164,925
24%
164,925
209,425
32%
209,425
523,600
35%
523,600+
———
37%

Married Taxable Income 2020

Over Not Over %
$0
$19,900
10%
19,900
81,050
12%
81,050
172,750
22%
172,750
329,850
24%
329,850
418,850
32%
418,850
628,300
35%
628,300+
———
37%

2020 Tax Facts

Exemption
The personal exemption is repealed.
Standard Deduction – Single
$12,200 single
Standard Deduction – Married
$24,400 married
Long Term Capital Gains Rate
20% max
Qualified Dividend Rate
20% max
Estate Tax Exclusion
>$11.4 million per person (inflation adjustment)
Annual Gift Exclusion
$15,000