OnLine Taxes Tax Estimator

Tax Estimator

Tax Estimator to calculate your Income Tax Return!




2020 TAX ESTIMATOR

Use this package to figure the estimation of tax in 2020 TY.



Filing Status
Taxable Income
$
TY2020 estimated tax

$0.00



1. The tax bill will lower (many) individual rates: The bill preserves seven tax brackets, but changes the rates that apply to: 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Here is how your income would apply to the new rates:

If taxable income is: Then income tax equals:
Single Individuals
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 $163,300
Over $207,350 but not over $518,400 $47,367.50 plus 35% of the excess over $207,350
Over $518,400 $156,235 plus 37% of the excess over $518,400
Heads of Households
Not over $14,100 10% of the taxable income
Over $14,100 but not over $53,700 $1,410 plus 12% of the excess over $14,100
Over $53,700 but not over $85,500 $6,162 plus 22% of the excess over $53,700
Over $85,500 but not over $163,300 $13,158 plus 24% of the excess over $85,500
Over $163,300 but not over $207,350 $31,830 plus 32% of the excess over $163,300
Over $207,350 but not over $518,400 $45,926 plus 35% of the excess over $207,350
Over $518,400 $154,793.50 plus 37% of the excess over $518,400
Married Individuals Filing Joint Returns and Surviving Spouses
Not over $19,750 10% of the taxable income
Over $19,750 but not over $80,250 $1,975 plus 12% of the excess over $19,750
Over $80,250 but not over $171,050 $9,235 plus 22% of the excess over $80,250
Over $171,050 but not over $326,600 $29,211 plus 24% of the excess over $171,050
Over $326,600 but not over $414,700 $66,543 plus 32% of the excess over $326,600
Over $414,700 but not over $622,050 $94,735 plus 35% of the excess over $414,700
Over $622,050 $167,307.50 plus 37% of the excess over $622,050
Married Individuals Filing Separate Returns
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 $163,300
Over $207,350 but not over $311,025 $47,367.50 plus 35% of the excess over $207,350
Over $311,025 $83,653.75 plus 37% of the excess over $311,025
Estimate My 2020
Tax Return