The table below shows the tax bracket/rate for each income level ... brackets and standard deduction levels. For 2020 and ...

There are seven income tax rates and brackets, ranging from 10% to 37%. Find out what federal income tax bracket(s) you're in, how tax rates work and what you can do to cut your tax bill.

Understanding federal tax brackets and how they work is key for effective financial planning, especially as you navigate your income, tax credits and deductions, and potential tax strategies.