Current Federal Income Tax Rate | American Funds

Current Federal Income Tax Rate

This is the federal tax rate you expect to pay on taxable income until you begin taking withdrawals. Use the table below to determine your current tax bracket. Tax brackets and rates may change in the future. The analyzer applies the tax rate you enter to all taxable income until retirement.

Federal Income Tax Brackets for 2020*

Tax Rate Married, Filing Jointly
or Qualified Widow(er)
Single Head of Household Married, Filing Separately
10% $0–$19,750 $0–$9,875 $0–$14,100 $0–$9,875
12% $19,751–$80,250 $9,876–$40,125 $14,101–$53,700 $9,876–$40,125
22% $80,251–$171,050 $40,126–$85,525 $53,701–$85,500 $40,126–$85,525
24% $171,051–$326,600 $85,526–$163,300 $85,501–$163,300 $85,526–$163,300
32% $326,601–$414,700 $163,301–$207,350 $163,301–$207,350 $163,301–$207,350
35% $414,701–$622,050 $207,351–$518,400 $207,351–$518,400 $207,351–$311,025
37% $622,051 and over $518,401 and over $518,401 and over $311,026 and over

*This information is subject to change by the IRS.