The Retirement Financial Center

Philippe Berthoud
10 Liberty Street
Danvers, MA 01923
978-777-5000
peberthoud@unitedplanners.com
www.retirementctr.com

December 23, 2019

2020 Key Numbers
 

2019 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates)

Single taxpayers

If taxable income is:Your tax is:
Not over $9,700 10% of taxable income
Over $9,700 to $39,475 $970 + 12% of the excess over $9,700
Over $39,475 to $84,200 $4,543 + 22% of the excess over $39,475
Over $84,200 to $160,725 $14,382.50 + 24% of the excess over $84,200
Over $160,725 to $204,100 $32,748.50 + 32% of the excess over $160,725
Over $204,100 to $510,300 $46,628.50 + 35% of the excess over $204,100
Over $510,300 $153,798.50 + 37% of the excess over $510,300

Married filing jointly and surviving spouses

If taxable income is:Your tax is:
Not over $19,400 10% of taxable income
Over $19,400 to $78,950 $1,940 + 12% of the excess over $19,400
Over $78,950 to $168,400 $9,086 + 22% of the excess over $78,950
Over $168,400 to $321,450 $28,765 + 24% of the excess over $168,400
Over $321,450 to $408,200 $65,497 + 32% of the excess over $321,450
Over $408,200 to $612,350 $93,257 + 35% of the excess over $408,200
Over $612,350 $164,709.50 + 37% of the excess over $612,350

Married individuals filing separately

If taxable income is:Your tax is:
Not over $9,700 10% of taxable income
Over $9,700 to $39,475 $970 + 12% of the excess over $9,700
Over $39,475 to $84,200 $4,543 + 22% of the excess over $39,475
Over $84,200 to $160,725 $14,382.50 + 24% of the excess over $84,200
Over $160,725 to $204,100 $32,748.50 + 32% of the excess over $160,725
Over $204,100 to $306,175 $46,628.50 + 35% of the excess over $204,100
Over $306,175 $82,354.75 + 37% of the excess over $306,175

Heads of household

If taxable income is:Your tax is:
Not over $13,850 10% of taxable income
Over $13,850 to $52,850 $1,385 + 12% of the excess over $13,850
Over $52,850 to $84,200 $6,065 + 22% of the excess over $52,850
Over $84,200 to $160,700 $12,962 + 24% of the excess over $84,200
Over $160,700 to $204,100 $31,322 + 32% of the excess over $160,700
Over $204,100 to $510,300 $45,210 + 35% of the excess over $204,100
Over $510,300 $152,380 + 37% of the excess over $510,300

Trusts and estates

If taxable income is:Your tax is:
Not over $2,600 10% of taxable income
Over $2,600 to $9,300 $260 + 24% of the excess over $2,600
Over $9,300 to $12,750 $1,868 + 35% of the excess over $9,300
Over $12,750 $3,075.50 + 37% of the excess over $12,750
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IMPORTANT DISCLOSURES

Philippe E Berthoud and William E. Riquier offer Securities and Advisory Services through United Planners Financial Services, Member FINRA/SIPC. United Planners and The Retirement Financial Center are independent companies.

Broadridge Investor Communication Solutions, Inc. does not provide investment, tax, legal, or retirement advice or recommendations. The information presented here is not specific to any individual's personal circumstances. To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.



This communication is strictly intended for individuals residing in the state(s) of AZ, CA, CO, CT, FL, GA, ME, MD, MA, MT, NV, NH, NJ, NY, VA and WA. No offers may be made or accepted from any resident outside the specific states referenced.

Prepared by Broadridge Advisor Solutions Copyright 2020.