2019 Tax Rates Etc as Indexed (taxes due April 2020)
Single
10% bracket tops at $9,700
12% tops at $39,475
22% tops at $84,200
24% tops at $160,725
32% tops at $204,100
35% tops at $510,300
37% applies to anything over $510,301
MFJ
10% bracket tops at $19,400
12% tops at $78,950
22% tops at $168,400
24% tops at $321,450
32% tops at $408,200
35% tops at $612,350
37% applies to anything over $612,351
Head of Household
10% bracket tops at $13,850
12% tops at $52,850
22% tops at $84,200
24% tops at $160,700
32% tops at $204,100
35% tops at $510,300
37% applies to anything over $510,301
MFS
10% bracket tops at $9,700
12% tops at $39,475
22% tops at $84,200
24% tops at $160,725
32% tops at $204,100
35% tops at $306,175
37% applies to anything over $306,176
– 2019 Standard deduction amounts are: MFJ-$24,400, Single & MFS-$12,200, HH-$18,350,
– Adoption Credit – $14,080 is the maximum for the credit or assistance amounts. The phase out starts at $214,520 and is completely phased out at $247,580.
– Child Tax Credit – refundable portion uses an income base of $2,000.
2020 Tax Rates Etc as Indexed (taxes due April 2021)
Single
10% bracket tops at $9,875
12% tops at $40,125
22% tops at $85,545
24% tops at $163,300
32% tops at $207,350
35% tops at $518,400
37% applies to anything over $518,401
MFJ
10% bracket tops at $19,750
12% tops at $80,250
22% tops at $171,050
24% tops at $326,600
32% tops at $414,700
35% tops at $622,050
37% applies to anything over $622,051
Head of Household
10% bracket tops at $14,100
12% tops at $53,700
22% tops at $85,500
24% tops at $163,300
32% tops at $207,350
35% tops at $518,400
37% applies to anything over $518,401
MFS
10% bracket tops at $9,875
12% tops at $40,125
22% tops at $85,545
24% tops at $163,300
32% tops at $207,350
35% tops at $311,025
37% applies to anything over $311,026
– 2020 Standard deduction amounts are: MFJ-$24,800, Single & MFS-$12,400, HH-$18,650,
– Adoption Credit – $14,300 is the maximum for the credit or assistance amounts. The phase out starts at $214,520 and is completely phased out at $247,580.
– Child Tax Credit – refundable portion uses an income base of $2,000.