Tax Rates
Please note: Tax rates are for the 2020 tax year and will be updated to the 2021 rates after April 15, 2021.
Married Filing Jointly
| Rate | Minimum | Maximum |
|---|---|---|
| 10% | $0 | $19,750 |
| 12% | $19,751 | $80,250 |
| 22% | $80,251 | $171,050 |
| 24% | $171,051 | $326,600 |
| 32% | $326,601 | $414,700 |
| 35% | $414,701 | $622,050 |
| 37% | $622,051 | N/A |
Married Filing Separately
| Rate | Minimum | Maximum |
|---|---|---|
| 10% | $0 | $9,875 |
| 12% | $9.876 | $40,125 |
| 22% | $40,126 | $85,525 |
| 24% | $85,526 | $163,300 |
| 32% | $163,301 | $207,350 |
| 35% | $207,351 | $311,025 |
| 37% | $311,026 | N/A |
Single
| Rate | Minimum | Maximum |
|---|---|---|
| 10% | $0 | $9,875 |
| 12% | $9.876 | $40,125 |
| 22% | $40,126 | $85,525 |
| 24% | $85,526 | $163,300 |
| 32% | $163,301 | $207,350 |
| 35% | $207,351 | $518,400 |
| 37% | $518,401 | N/A |
Head of Household
| Rate | Minimum | Maximum |
|---|---|---|
| 10% | $0 | $14,100 |
| 12% | $14,101 | $53,700 |
| 22% | $53,701 | $85,500 |
| 24% | $85,501 | $163,300 |
| 32% | $163,301 | $207,350 |
| 35% | $207,351 | $518,400 |
| 37% | $518,401 | N/A |
Neither Kingdom Wealth Advisory or, JWC/JWCA are tax or legal advisors and this information should not be considered tax or legal advice. Consult with a tax and/or legal advisor for such issues.