Dushyant Pandit
dpandit@dorchesteradvisors.com
 
 




2020 Key Numbers

 

2020 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates)

Single taxpayers

If taxable income is:Your tax is:
Not over $9,875 10% of taxable income
Over $9,875 to $40,125 $987.50 + 12% of the excess over $9,875
Over $40,125 to $85,525 $4,617.50 + 22% of the excess over $40,125
Over $85,525 to $163,300 $14,605.50 + 24% of the excess over $85,525
Over $163,300 to $207,350 $33,271.50 + 32% of the excess over $163,300
Over $207,350 to $518,400 $47,367.50 + 35% of the excess over $207,350
Over $518,400 $156,235 + 37% of the excess over $518,400

Married filing jointly and surviving spouses

If taxable income is:Your tax is:
Not over $19,750 10% of taxable income
Over $19,750 to $80,250 $1,975 + 12% of the excess over $19,750
Over $80,250 to $171,050 $9,235 + 22% of the excess over $80,250
Over $171,050 to $326,600 $29,211 + 24% of the excess over $171,050
Over $326,600 to $414,700 $66,543 + 32% of the excess over $326,600
Over $414,700 to $622,050 $94,735 + 35% of the excess over $414,700
Over $622,050 $167,307.50 + 37% of the excess over $622,050

Married individuals filing separately

If taxable income is:Your tax is:
Not over $9,875 10% of taxable income
Over $9,875 to $40,125 $987.50 + 12% of the excess over $9,875
Over $40,125 to $85,525 $4,617.50 + 22% of the excess over $40,125
Over $85,525 to $163,300 $14,605.50 + 24% of the excess over $85,525
Over $163,300 to $207,350 $33,271.50 + 32% of the excess over $163,300
Over $207,350 to $311,025 $47,367.50 + 35% of the excess over $207,350
Over $311,025 $83,653.75 + 37% of the excess over $311,025

Heads of household

If taxable income is:Your tax is:
Not over $14,100 10% of taxable income
Over $14,100 to $53,700 $1,410 + 12% of the excess over $14,100
Over $53,700 to $85,500 $6,162 + 22% of the excess over $53,700
Over $85,500 to $163,300 $13,158 + 24% of the excess over $85,500
Over $163,300 to $207,350 $31,830 + 32% of the excess over $163,300
Over $207,350 to $518,400 $45,926 + 35% of the excess over $207,350
Over $518,400 $154,793.50 + 37% of the excess over $518,400

Trusts and estates

If taxable income is:Your tax is:
Not over $2,600 10% of taxable income
Over $2,600 to $9,450 $260 + 24% of the excess over $2,600
Over $9,450 to $12,950 $1,904 + 35% of the excess over $9,450
Over $12,950 $3,129 + 37% of the excess over $12,950


Dorchester Advisors is a Registered Investment Advisor in NJ and NY. This communication is strictly intended for individuals residing in the state(s) of NJ and NY. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2019.