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USA Tax Rates 2020

FEDERAL and  STATE Income Taxes


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Federal Income Tax Rates 2020

These tax rate schedules are provided so that you can compute your estimated tax for 2020.

Schedule X - Single


Rate If taxable income is over-- But not over-- The tax is:
  10% $0   $9,875  10% of Taxable Income
  12% $9,875   $40,125  $987.50 plus 12% of the amount over $9,875
  22% $40,125   $85,525   $4,617.50 plus 22% of the amount over $40,125
  24% $85,525   $163,300  $14,605.50 plus 24% of the amount over $85,525
  32% $163,300  $207,350   $33,271.50 plus 32% of the amount over $163,300
  35% $207,350   $518,400  $47,367.50 plus 35% of the amount over $207,350
  37% $518,400+   no limit $156,235.00 plus 37% of the amount over $518,400


Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)


Rate If taxable income is over-- But not over-- The tax is:
  10% $0   $19,750   10% of taxable income
  12% $19,750   $80,250  $1,975.00 plus 12% of the amount over $19,750
  22% $80,250   $171,050   $9,235.00 plus 22% of the amount over $80,250
  24% $171,050   $326,600   $29,211.00 plus 24% of the amount over $171,050
 32% $326,600   $414,700  $66,543.00 plus 32% of the amount over $326,600
  35% $414,700   $622,050  $94,735.00 plus 35% of the amount over  $414,700
  37% $622,050+   no limit $167,307.50 plus 37% of the amount over $622,050


Schedule Y-2 - Married Filing Separately


Rate If taxable income is over-- But not over-- The tax is:
  10% $0   $9,875  10% of Taxable Income
  12% $9,875   $40,125  $987.50 plus 12% of the amount over $9,875
  22% $40,125   $85,525  $4,617.50 plus 22% of the amount over $40,125
  24% $85,525   $163,300  $14,605.50 plus 24% of the amount over $85,525
  32% $163,300  $207,350  $33,271.50 plus 32% of the amount over $163,300
  35% $207,350   $311,025  $47,367.50 plus 35% of the amount over $207,350
  37% $311,025+   no limit $83,653.75 plus 37% of the amount over $311,025


Schedule Z - Head of Household


Rate If taxable income is over-- But not over-- The tax is:
  10% $0  $14,100  10% of taxable income
  12% $14,100  $53,700  $1,410.00 plus 12% of the amount over $14,100
  22% $53,700  $85,500  $6,162.00 plus 22% of the amount over $53,700
  24% $85,500  $163,300  $13,158.00 plus 24% of the amount over $85,500
  32% $163,300  $207,350  $31,830.00 plus 32% of the amount over $163,300
  35% $207,350  $518,400  $45,926.00 plus 35% of the amount over $207,350
  37% $518,400+   no limit $154,793.50 plus 37% of the amount over $518,400


State Income Tax Rates 2020




Number
FEDERAL
  RATE RANGE
of INCOME BRACKETS
PERSONAL EXEMPTIONS INCOME TAX
  Low%   High%   Brackets Lowest     Highest     Single   Married   Dependents    DEDUCTIBLE
ALABAMA 2.0 - 5.0
3 500 (b) - 3,001 (b)
1,500
3,000
500 (e) Yes
ALASKA  No State Income Tax
ARIZONA (a) 2.59 - 4.50
5 26,500 (b) - 159,000 (b)
--
--
100 (c)
ARKANSAS (a)   2.0 - 6.6 (f) 6 4,600
- 80,801

26 (c) 52 (c) 26 (c)
CALIFORNIA (a) 1.0   12.3 (g) 9 8,809 (b) - 590,742 (b)   122 (c) 244 (c) 378 (c)  
COLORADO   4.63


1 -----Flat rate-----
-- (d) -- (d) -- (d)
CONNECTICUT 3.0 - 6.99
7 10,000 (b) - 500,000 (b)
15,000 (h) 24,000 (h) 0

DELAWARE 0.0 - 6.6
7 2,000
- 60,001

110 (c) 220 (c) 110 (c)
FLORIDA  No State Income Tax
GEORGIA   1.0 - 5.75   6 750 (i) - 7,001 (i)   2,700   7,400   3,000    
HAWAII   1.4 - 11.0
12 2,400 (b) - 200,000 (b)
1,144
2,288
1,144

IDAHO (a) 1.125 - 6.925
7 1,541 (b) - 11,554 (b) -- (d) -- (d) -- (d)
ILLINOIS (a) 4.95


1 -----Flat rate-----

2,275
4,550
2,275

INDIANA   3.23


1 -----Flat rate-----

1,000
2,000
2,500 (j)
IOWA (a) 0.33 - 8.53   9 15,666   - 74,970     40 (c) 80 (c) 40 (c) Yes
KANSAS   3.1 - 5.7
3 15,000 (b) - 30,000 (b)
2,250
4,500
2,250

KENTUCKY 5.0


1 -----Flat rate-----


None



LOUISIANA 2.0 - 6.0
3 12,500 (b) - 50,001 (b)
4,500 (k) 9,000 (k) 1,000
Yes
MAINE (a) 5.8 - 7.15
3 22,200 (l) - 52,600 (l)
4,300
8,600
4,300

MARYLAND 2.0 - 5.75   8 1,000 (m) - 250,000 (m)   3,200   6,400   3,200    
MASSACHUSETTS   5.0


1 -----Flat rate-----

4,400
8,800
1,000

MICHIGAN (a) 4.25


1 -----Flat rate-----

4,400
8,800
4,400

MINNESOTA (a) 5.35 - 9.85
4 26,960 (n) - 164,401 (n) -- (d) -- (d) 4,250

MISSISSIPPI 3.0 - 5.0
3 5,000
- 10,001

6,000
12,000
1,500

MISSOURI (a)   1.5 - 5.4   9 1,053   - 8,424     -- (d) -- (d) -- (d) Yes (o)
MONTANA (a) 1.0 - 6.9
7 3,100
- 18,400

2,510
5,020
2,510
Yes (o)
NEBRASKA (a) 2.46 - 6.84
4 3,290 (b) - 31,750 (b) 140 (c) 280 (c) 140 (c)
NEVADA No State Income Tax

NEW HAMPSHIRE State Income Tax of 5% on Dividends and Interest Income Only






NEW JERSEY 1.4 - 10.75   6 20,000 (p) - 5 million (p)   1,000   2,000   1,500    
NEW MEXICO 1.7 - 4.9
4 5,500 (q) - 16,001 (q) -- (d) -- (d) -- (d)
NEW YORK (a)   4.0 - 8.82
8 8,500 (b) - 1,077,550 (b) 0
0
1,000

NORTH CAROLINA   5.25


1 -----Flat rate-----


--None--



NORTH DAKOTA (a) 1.10 - 2.90
5 40,125 (r) - 440,600 (r)
-- (d) -- (d) -- (d)
OHIO (a) 0.0   4.797   6 21,750   - 217,400     2,350 (s) 4,700 (s) 2,350 (s)  
OKLAHOMA 0.5 - 5.0
6 1,000 (t) - 7,200 (t)
1,000
2,000
1,000

OREGON (a) 4.75 - 9.9
4 3,600 (b) - 125,000 (b)
210 (c) 420 (c) 210 (c) Yes (o)
PENNSYLVANIA 3.07


1 -----Flat rate-----


--None--



RHODE ISLAND (a) 3.75 - 5.99
3 65,250
- 148,350

4,100
8,200
4,100

SOUTH CAROLINA (a) 0.0 - 7.0   6 3,070   - 15,400     -- (d) -- (d) -- (d)  
SOUTH DAKOTA  No State Income Tax
TENNESSEE 1% on Dividends and Interest Income Only (x)


1,250
2,500
0

TEXAS  No State Income Tax
UTAH   4.95


1 -----Flat rate-----
--
--
--

VERMONT (a) 3.35 - 8.75   4 40,350 (v) - 204,000 (v)   4,250   8,500   4,250    
VIRGINIA   2.0 - 5.75
4 3,000
- 17,001

930
1,860
930

WASHINGTON  No State Income Tax



WEST VIRGINIA 3.0 - 6.5
5 10,000
- 60,000

2,000
4,000
2,000

WISCONSIN (a) 4.0 - 7.65
4 11,970 (w) - 263,480 (w)
700
1,400
700

WYOMING  No State Income Tax              
DIST. OF COLUMBIA   4.0 - 8.95
6 10,000
- 1,000,000

-- (d) -- (d) -- (d)
Source: The Federation of Tax Administrators from various sources.
(a) 19 states have statutory provision for automatically adjusting to the rate of inflation the dollar values of the income tax brackets, standard deductions, and/or personal exemptions. Michigan indexes the personal exemption only. Oregon does not index the income brackets for $125,000 and over.
(b) For joint returns, taxes are twice the tax on half the couple’s income.
(c) The personal exemption takes the form of a tax credit instead of a deduction
(d) These states use the personal exemption/standard deduction amounts provided in the federal Internal Revenue Code.
(e) In Alabama, the per-dependent exemption is $1,000 for taxpayers with state AGI of $20,000 or less, $500 with AGI from $20,001 to $100,000, and $300 with AGI over $100,000. (f) Arkansas has separate brackets for taxpayers with income under $75,000 and $21,000.
(g) California imposes an additional 1% tax on taxable income over $1 million, making the maximum rate 13.3% over $1 million.
(h) Connecticut’s personal exemption incorporates a standard deduction. An additional tax credit is allowed ranging from 75% to 0% based on state adjusted gross income. Exemption amounts are phased out for higher income taxpayers until they are eliminated for households earning over $71,000.
(i) The Georgia income brackets reported are for single individuals. For married couples filing jointly, the same tax rates apply to income brackets ranging from $1,000, to $10,000.
(j) In Indiana, includes an additional exemption of $1,500 for each dependent child.
(k) The amounts reported for Louisiana are a combined personal exemption-standard deduction.
(l) The income bracket reported for Maine are for single individuals. For married couples filing jointly, the same tax rates apply to income brackets ranging from $44,450 to $105,200.
(m) The income brackets reported for Maryland are for single individuals. For married couples filing jointly, the same tax rates apply to income brackets ranging from $1,000, to $300,000.
(n) The income brackets reported for Minnesota are for single individuals. For married couples filing jointly, the same tax rates apply to income brackets ranging from $39,410 to $273,470.
(o) The deduction for federal income tax is limited to $5,000 for individuals and $10,000 for joint returns in Missouri and Montana, and to $6,500 for all filers in Oregon.
(p) The New Jersey rates reported are for single individuals. For married couples filing jointly, the tax rates also range from 1.4% to 10.75%, with 8 brackets and the same high and low income ranges.
(q) The income brackets reported for New Mexico are for single individuals. For married couples filing jointly, the same tax rates apply to income brackets ranging from $8,000 to $24,000.
(r) The income brackets reported for North Dakota are for single individuals. For married couples filing jointly, the same tax rates apply to income brackets ranging from $67,050 to $440,600.
(s) Ohio provides an additional tax credit of $20 per exemption. Exemption amounts reduced for higher income taxpayers.
(t) The income brackets reported for Oklahoma are for single persons. For married persons filing jointly, the same tax rates apply to income brackets ranging from $2,000, to $12,200.
(u) Utah provides a tax credit equal to 6% of the federal personal exemption amounts (and applicable standard deduction).
(v) Vermont’s income brackets reported are for single individuals. For married taxpayers filing jointly, the same tax rates apply to income brackets ranging from $67,450 to $248,350.
(w) The Wisconsin income brackets reported are for single individuals. For married taxpayers filing jointly, the same tax rates apply income brackets ranging from $15,960, to $351,310.
(x) Tennessee Hall Tax Rate on Dividends and Interest is being phased out, 1% reduction each year
(y) Alabama standard deduction is phased out for incomes over $23,000. Rhode Island exemptions & standard deductions phased out for incomes over $203,850; Wisconsin standard deduciton phases out for income over $15,939.
(z) Maryland standard deduction limited to 15% of AGI; Montana, 20% of AGI.

Source:  Federation of Tax Administrators ( www.taxadmin.org).





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