2020 federal income tax brackets
Tax rate | Taxable income bracket | Tax owed |
---|---|---|
10% | $0 to $14,100 | 10% of taxable income |
12% | $14,101 to $53,700 | $1,410 plus 12% of the amount over $14,100 |
22% | $53,701 to $85,500 | $6,162 plus 22% of the amount over $53,700 |
24% | $85,501 to $163,300 | $13,158 plus 24% of the amount over $85,500 |