2020-2021 Tax Brackets and Federal Income Tax Rates
There are seven federal tax brackets for the 2020 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your bracket depends on your taxable income and filing status. These are the rates for taxes due in April 2021.
Tax brackets and rates for the 2021 tax year, as well as for 2019 and previous years, are elsewhere on this page.
Original Article Source Credits: NerdWallet , https://www.nerdwallet.com/
Article Written By: Tina Orem
Original Article Posted on: November 16, 2020