SINGLE, HOH |
MARRIED
JOINT |
MARRIED SEPARATE |
QUALIFIED TRADE OR BUSINESS |
SPECIFIED SERVICE TRADE OR BUSINESS |
O – $170,050 |
0 – $340,100 |
0 - $170,050 |
20% DEDUCTION |
20% DEDUCTION |
$170,051 - $220,050 |
$340,101 – $440,100 |
$170,051 - $220,050 |
LIMITS PHASE IN |
PHASES OUT |
OVER $220,050 |
OVER $440,100 |
OVER $220,050 |
SUBJECT TO LIMITS |
NO DEDUCTION |
Tax Rate |
Single |
Head of Household |
Married |
Married Filing Separately |
10% |
Up to $10,275 |
Up to $14,650 |
Up to $20,550 |
Up to $10,275 |
12% |
$10,276 - $41,775 |
$14,651 - $55,900 |
$20,551 to $83,550 |
$10,276 to $41,775 |
22% |
$41,776 - $89,075 |
$55,901 - $89,050 |
$83,551 to $178,150 |
$41,776 to $89,075 |
24% |
$89,076 - $170,050 |
$89,051 - $170,050 |
$178,151 to $340,100 |
$89,076 to $170,050 |
32% |
$170,051 - $215,950 |
$170,051 - $215,950 |
$340,101 to $431,900 |
$170,051 to $215,950 |
35% |
$215,951 - $539,900 |
$215,951 to $539,900 |
$431,901 to $647,850 |
$215,951 to $323,925 |
37% |
$539,901 or more |
$539,901 or more |
$647,851 or more |
$323,926 or more |
RATE |
SINGLE TAXPAYERS |
MARRIED FILING JOINT |
HEAD OF HOUSEHOLD |
MARRIED FILING SEPARATE |
0% |
Up to $41,675 |
Up to $83,350 |
Up to $55,800 |
Up to $41,675 |
15% |
$41,676 - $459,750 |
$83,351 - $517,200 |
$55,801 - $488,500 |
$41,676 - $258,600 |
20% |
Over $459,750 |
Over $517,200 |
Over $488,500 |
Over $258,600 |
CREDIT |
JOINT |
HEAD OF HOUSEHOLD |
SINGLE OR SEPARATE |
50% of first $2,000 |
$0 – $41,000 |
$0 - $30,750 |
$0 - $20,500 |
20% of first $2,000 |
$41,001 - $44,000 |
$30,751 - $33,000 |
$20,251 - $22,000 |
10% of first $2,000 |
$44,001 - $68,000 |
$33,001 - $51,000 |
$22,001 - $34,000 |
Beneficiaries who file joint tax returns
with income |
Monthly Surtax |
Total Monthly Premium |
|
Up to $91,000 |
Up to $182,000 |
$0.00 |
$170.10 |
$91,001 - $114,000 |
$182,001 - $228,000 |
$68.00 |
$238.10 |
$114,001 - $142,000 |
$228,001 - $284,000 |
$170.10 |
$340.20 |
$142,001 - $170,000 |
$284,001 - $340,000 |
$272.20 |
$442.30 |
$171,001 - $499,999 |
$340,001 - $749,999 |
$374.20 |
$544.30 |
More than $500,000 |
More than $750,000 |
$408.20 |
$578.30 |
Married beneficiaries who lived with
spouses any time during year who file separate returns with income |
Monthly Surtax |
Total Monthly Premium |
Up to $91,000 |
$0.00 |
$170.10 |
$91,001 - $408,999 |
$374.20 |
$544.30 |
$409,000 or more |
$408.20 |
$578.30 |
Beneficiaries who filed 2020
individual tax returns with MAGI |
Beneficiaries who filed 2020
joint tax returns with MAGI |
Monthly Surtax |
Up to $91,000 |
Up to $182,000 |
$0.00 |
$91,001 - $114,000 |
$182,001 - $228,000 |
$12.40 |
$114,001 - $142,000 |
$228,001 - $284,000 |
$32.10 |
$142,001 - $170,000 |
$284,001 - $340,000 |
$51.70 |
$171,001 - $499,999 |
$340,001 - $749,999 |
$71.30 |
More than $500,000 |
More than $750,000 |
$77.90 |
Married beneficiaries who
lived with spouses any time during year who filed 2020 separate returns with MAGI
- |
|
Up to $91,000 |
$0.00 |
$91,001 - $408,999 |
$71.30 |
$409,000 or more |
$77.90 |
If you have any questions about the information provided herein please consult your, or a, tax professional.