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2015 Tax Rate Table :: Knowledge Center :: THE RETIREMENT SOURCE®
Current Annual Tax Rate Table

Current Annual Tax Rate Tables

For taxable years beginning in 2020, the tax rate tables are as follows:

TABLE 1 - Section 1(a) - Married Individuals Filing Joint Returns and Surviving Spouses

If Taxable Income Is:       The Tax Is:
Not over $19,750   10% of the taxable income
Over $19,750 but not over $80,250   $1,975.00 plus 12% of the excess over $19,750
Over $80,250 but not over $171,050   $9,235.00 plus 22% of the excess over $80,250
Over $171,050 but not over $326,600   $29,211.00 plus 24% of the excess over $171,050
Over $326,000 but not over $414,700   $66,543.00 plus 32% of the excess over $326,600
Over $414,700 but not over $622,050   $94,735.50. plus 35% of the excess over $414,700
Over $622,050   $167,307.50 plus 37% of the excess over $622,050

TABLE 2 - Section 1(b) - Heads of Households

If Taxable Income Is:   The Tax Is:
Not over $14,100   10% of the taxable income
Over $14,100 but not over $53,700   $1,410.00 plus 12% of the excess over $14,100
Over $53,700 but not over $85,500   $6,162.00 plus 22% of the excess over $53,700
Over $85,500 but not over $163,300   $13,158.00 plus 24% of the excess over $85,500
Over $163,300 but not over $207,350   $31,830.00 plus 32% of the excess over $163,300
Over $207,350 but not over $518,400   $45,926.00 plus 35% of the excess over $207,350
Over $518,400   $154,793.50 plus 37% of the excess over $518,400

TABLE 3 - Section 1(c) - Single  (other than Surviving Spouses and Heads of Households)

If Taxable Income Is:   The Tax Is:
Not over $9,875   10% of the taxable income
Over $9,875 but not over $40,125   $987.50 plus 12% of the excess over $9,875
Over $40,125 but not over $85,525   $4,617.50 plus 22% of the excess over $40,125
Over $85,525 but not over $163,300   $14,605.50 plus 24% of the excess over $85,525
Over $163,300 but not over $207,350   $33,271.50 plus 32% of the excess over $207,350
Over $207,350 but not over $518,400   $47,367.50 plus 35% of the excess over $518,400

Over $518,400+

  $156,235.00 plus 37% of the excess over $518,400

TABLE 4 - Section 1(d) - Married Individuals Filing Separate Returns

If Taxable Income Is:   The Tax Is:
Not over $9,700   10% of the taxable income
Over $9,700 but not over $39,475   $970.00 plus 12% of the excess over $9,700
Over $39,475 but not over $84,200   $4,439.50 plus 22% of the excess over $39,475
Over $84,200 but not over $160,725   $14,314.00 plus 24% of the excess over $84,200
Over $160,725 but not over $204,100   $32,746.50 plus 32% of the excess over $160,725
Over $204,100 but not over $510,300   $46,626.25 plus 35% of the excess over $204,100
Over $510,300   $153,793.50 plus 37% of the excess over $510,300

TABLE 5 - Section 1(e) - Estates and Trusts  (2016 rates)

If Taxable Income Is:   The Tax Is:
Not over $10,000   10% of the taxable income
Over $10,000 but not over $20,000   $1800 00 plus 20% of the excess over $10,000
Over $20,000 but not over $40,000   $3,800.00 plus 22% of the excess over $20,000
Over $40,000 but not over $60,000   $8,200.00 plus 24% of the excess over $60,000
Over $60,000 but not over $80,000   

$13,000.00 plus 26% of the excess over $80,000

     
     

 

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