![]() 37 Bracket: The highest tax bracket is 37. Income in this bracket is taxed at a 35 rate. Tax rates: The tax rates for tax year ending are: If the taxable income is: Married Filing Jointly or Qualifying Widow (er) Married Filing Separately. $85,025, plus 8.95% of the excess above $1,000,000. Federal Tax Brackets 2020 for Income Taxes Filed by May 17, 2021. $28,150, plus 8.75% of the excess above $350,000. FreeFile is the fast, safe, and free way to prepare and e- le your taxes. Tax rates: The tax rates for tax years beginning after and before are: If the taxable income is: $91,525, plus 10.75% of the excess above $1,000,000. Use our Tax Bracket Calculator to understand what tax bracket youre in for your 2023-2024 federal income taxes. The new rate for each tax year is as follows: For Taxable. ![]() The federal tax brackets are broken down into seven (7) taxable income groups, based on your filing status. If you are looking for 2019 tax rates, you can find them HERE. $400, plus 6% of the excess over $10,000. In general, 2020 personal income tax returns are due by April 15, 2021. Tax Rates: The tax rates for tax years beginning after are: If the taxable income is: The taxable income of an individual who is domiciled in the District at any time during the tax year (or who maintains an abode in the District for 183 or more days during the year) or of a DC estate or trust is subject to tax at the following rates: Rates for Tax Year 2022
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