Here are the taxable income rates for the 2020 tax year (returns filed in 2021).
Single
| Federal taxable income |
Tax rate |
| $0 - $9,875 |
10% of the amount over $0 |
| $9,875 - $40,125 |
$987.50 plus 12% of the amount over $9,875 |
| $40,125 - $85,525 |
$4,617.50 plus 22% of the amount over $40,125
|
| $85,525 - $163,300 |
$14,605.50 plus 24% of the amount over $85,525 |
| $163,300 - $207,350 |
$33,271.50 plus 32% of the amount over $163,300 |
| $207,350 - $518,400 |
$47,367.50 plus 35% of the amount over $207,350 |
| Over $518,400 |
$156,235.00 plus 37% of the amount over $518,400 |
Married filing jointly or qualifying widow(er)
| Federal taxable income |
Tax rate |
| $0 - $19,750 |
10% of the amount over $0 |
| $19,750 - $80,250 |
$1,975.00 plus 12% of the amount over $19,750 |
| $80,250 - $171,050 |
$9,235.00 plus 22% of the amount over $80,250 |
| $171,050 - $326,600 |
$29,211.00 plus 24% of the amount over $171,050 |
| $326,600 - $414,700 |
$66,543.00 plus 32% of the amount over $326,600 |
| $414,700 - $622,050 |
$94,735.00 plus 35% of the amount over $414,700 |
| Over $622,050 |
$167,307.50 plus 37% of the amount over $622,050 |
Married filing separately
| Federal taxable income |
Tax rate |
| $0 - $9,875 |
10% of the amount over $0 |
| $9,875 - $40,125 |
$987.50 plus 12% of the amount over $9,875 |
| $40,125 - $85,525 |
$4,617.50 plus 22% of the amount over $40,125 |
| $85,525 - $163,300 |
$14,605.50 plus 24% of the amount over $85,525 |
| $163,300 - $207,350 |
$33,271.50 plus 32% of the amount over $163,300 |
| $207,350 - $311,025 |
$47,367.50 plus 35% of the amount over $207,350 |
| Over $311,025 |
$83,653.75 plus 37% of the amount over $311,025 |
Head of household
| Federal taxable income |
Tax rate |
| $0 - $14,100 |
10% of the amount over $0
|
| $14,100 - $53,700 |
$1,410.00 plus 12% of the amount over $14,100 |
| $53,700 - $85,500 |
$6,162.00 plus 22% of the amount over $53,700 |
| $85,500 - $163,300 |
$13,158.00 plus 24% of the amount over $85,500 |
| $163,300 - $207,350 |
$31,830.00 plus 32% of the amount over $163,300 |
| $207,350 - $518,400 |
$45,926.00 plus 35% of the amount over $207,350 |
| Over $518,400 |
$154,793.50 plus 37% of the amount over $518,400 |
Trusts and estates
Federal taxable income
|
Tax rate
|
$0 - $2,600
|
10% of the amount over $0
|
$2,600 - $9,450
|
$260 plus 24% of the amount over $2,600
|
$9,450 - $12,950
|
$1,904 plus 35% of the amount over $9,450 |
| Over $12,950 |
$3,129 plus 37% of the amount over $12,950 |
Tax brackets for long-term capital gains and qualified dividends
These rates depend on overall taxable income.
|
0% bracket
|
15% bracket
|
20% bracket
|
Single
|
up to $40,000
|
$40,000 - $441,450
|
above $441,450
|
Married filing jointly
|
up to $80,000
|
$80,000 - $496,600
|
above $496,600 |
Head of household
|
up to $53,600 |
$53,600 - $469,050
|
above $469,050 |
Married filing separately
|
up to $40,000
|
$40,000 - $248,300
|
above $248,300 |
Trusts and estates
|
up to $2,650
|
$2,650 - $13,150
|
above $13,150 |
Special capital gains rates may apply to collectibles, qualified small business stock and unrecaptured section 1250 gain.
Alternative minimum tax rates
| Federal taxable income |
Tax rate
|
$0 - $197,900
|
26%
|
$197,900 and up
|
28%
|
If married filing separately, the dollar amount at which the rate changes to 28% is half the figure shown above.
Last updated December 31, 2020
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