Tax Rates

Current rates information provided by Tax Foundation

2020 Tax Brackets Income Tax Brackets and Rates

For 2020, income limits for all tax brackets as well as all filers will be adjusted for inflation and will be as follows…. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income of $518,400 and higher for single filers and $622,050 and higher for married couples filing jointly..(SEE Table 1)

As you review the brackets, the income ranges for each rate have been adjusted for inflation.

2019 Tax Brackets Income Tax Brackets and Rates

The Tax Cuts and Jobs Act’s tax-bracket changes went into effect for the 2018 tax year. There are no structural changes for 2019. Seven tax brackets exist, and then seven marginal tax rates — From 10% to 37%. These are also unchanged.

As you review the brackets, the income ranges for each rate have been adjusted for inflation.