Federal Tax Brackets

Federal Tax Brackets 2020

Last month, the Internal Revenue Services released the federal tax brackets that will be in use for 2019 taxes. As usual, your 2019 taxes are due in April 2020 so make sure that you caught up with the changes for this year.

Not much has changed with the federal tax brackets. The marginal rates remain the same with 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The increase in each bracket is about 1.7%. If we were to compare the standard deduction increase with the rate that tax brackets increased, you’d find that the standard deduction increase is pretty much the same.

What this means is that if you claim the standard deduction and your taxable income remain the same as last year, you’ll pay the same amount of tax. The standard deduction increase is about 1.6%. It was increased from $12,200 in last year to $12,400 for the 2019 taxes that you’ll pay in 2020.

Increase on Federal Tax Brackets

Comparing the last year’s tax brackets to this year’s brackets is a good way to see how much your tax bill is going to be increased. That’s of course if your income remains the same as last year. Here is the percentage of increase for each bracket.

Marginal Tax Rate Increase (%)
10%1.8%
12%1.6%
22%1.5%
24%1.6%
32%1.6%
35%1.6%
37%1.5%

Federal Tax Brackets for 2019 Taxes (Due in April 2020)

Single

Tax RateIncome Between
10%$0 – $9,700
12%$9,701 – $39,475
22%$39,476 – $84,200
24%$84,201 – $160,725
32%$160,726 – $204,100
35%$204,101 – $510,300
37%$510,300 and more

Married Filing Jointly, Qualifying Widow(er)

Tax RateIncome Between
10%$0 – $19,400
12%$19,401 – $78,950
22%$78,951 – $168,400
24%$168,401 – $321,450
32%$321,451 – $408,200
35%$408,201 – $612,350
37%$612,350 and more

Head of Household

Tax RateIncome Between
10%$0 – $13,850
12%$13,851 – $52,850
22%$52,851 – $84,200
24%$84,201 – $160,700
32%$160,701 – $204,100
35%$204,101 – $510,300
37%$510,300 and more

Federal Tax Brackets for 2018 Taxes

RateSingle, Married Filing SeparatelyMarried Filing Jointly, Qualifying Widow(er)Head of Household
10%$0 – $9,699$0 – $19,399$0 – $13,849
12%$9,700 – $39,474$19,400 $78,949$13,850 – $52,849
22%$39,475 – $84,199$78,950 – $168,399$52,850 – $84,199
24%$84,200 $160,724$168,400 – $321,449$84,200 – $160,699
32%$160,725 $204,099$321,450 – $408,199$160,700 – $204,099
35%$204,100 – $510,299$408,200 – $612,349$204,100 – $510,299
37%$510,300 and over$612,350 and over$510,300 and over

The tax tables for the previous years is shown above. So that you can look at the amounts and compare it with this year’s brackets to see how you’ll be doing when filing your federal income tax.

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Deborah Ann

Deborah writes everything from federal tax law to local governments. Her writings cover a broad range of government topics. With a little bit of seriousness to the words, everything is simplified to Futufan readers.
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