TAX BRACKETS

The IRS recently announced the new tax brackets for the 2020 tax year, to be filed in 2021.

For married taxpayers filing jointly, they can use these new tax brackets to figure out how much tax they can expect to pay this coming tax season.

The lowest rate is 10% for incomes of single individuals with incomes of $9,875 or less ($19,750 for married couples filing jointly).

Anything below $19,750 means you pay a 10% tax rate.

Visit now for tax brackets married filing jointly.