Honu Wealth Management
Garth A Williams, MBA, CFP®
Financial Advisor
1307 S Mary Ave, Suite 101
Sunnyvale, CA 94087
650-917-3400
garth@honuwealth.com
www.HonuWealth.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


This information was developed by Forefield, Inc. an independent third party. It is general in nature, is not a complete statement of all information necessary for making an investment decision, and is not a recommendation or a solicitation to buy or sell any security. Investments and strategies mentioned may not be suitable for all investors. Past performance may not be indicative of future results.

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