Tax Library

1040 | U.S. Individual Income Tax Return | Instructions

1040A | U.S. Individual Income Tax Return | Instructions

1040EZ | U.S. Individual Income Tax Return | Instructions

Sch A | Itemized Deductions | Instructions

Sch B | Interest and Ordinary Dividends

Sch C | Profit and Loss from Business | Instructions

Sch D | Capital Gains and Losses | Instructions

Sch E | Supplemental Income and Loss | Instructions

Sch EIC | Earned Income Credit

Sch F | Profit and Loss from Farming | Instructions

Sch H | Household Employment Taxes | Instructions

Sch J | Farm Income Averaging | Instructions

Sch R | Credit for the Elderly or the Disabled | Instructions

Sch SE | Self-Employment Tax | Instructions

W-4 | Employee's Withholding Allowance Certificate

W-4P | Withholding Certificate for Pension or Annuity Payments

W9 | Request for Taxpayer Identification Number and Certification | Instructions

According to one survey, 45% of Americans say they pay too much in income taxes.

Source: Gallup, 2019.

These figures are for the 2020 tax year. Find your tax rate below.

Schedule X – Single

2019 Schedule X Single Federal Tax Rates

• If taxable income is over $0, but not over $9,875, the tax is 10% of taxable income
• If taxable income is over $9,875, but not over $40,125, the tax is $987.50 plus 12% of the amount over $9,875
• If taxable income is over $40,125, but not over $85,525, the tax is $4,617.50 plus 22% of the amount over $40,125
• If taxable income is over $85,525, but not over $163,300, the tax is $4,605.50 plus 24% of the amount over $85,525
• If taxable income is over $163,300, but not over $207,350, the tax is $33,271.50 plus 32% of the amount over $163,300
• If taxable income is over $207,350, but not over $518,400, the tax is $47,367.50 plus 35% of the amount over $207,350
• If taxable income is over $518,400, but not over no limit, the tax is $156,235.00 plus 37% of the amount over $518,400

Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

2019 Schedule Y-1 Married Filing Jointly or Qualified Widow(er) Federal Tax Rates

• If taxable income is over $0, but not over $19,750, the tax is 10% of taxable income
• If taxable income is over $19,750, but not over $80,250, the tax is $1,975.00 plus 12% of the amount over $19,750
• If taxable income is over $80,250, but not over $171,050, the tax is $9,235.00 plus 22% of the amount over $80,250
• If taxable income is over $171,050, but not over $326,600, the tax is $29,211.00 plus 24% of the amount over $171,050
• If taxable income is over $326,600, but not over $414,700, the tax is $66,543.00 plus 32% of the amount over $326,600
• If taxable income is over $414,700, but not over $622,050, the tax is $94,735.00 plus 35% of the amount over $414,700
• If taxable income is over $622,050, but not over no limit, the tax is $167,307.50 plus 37% of the amount over $622,050

Schedule Y-2 – Married Filing Separately

2019 Schedule Y-2 Married Filing Separately Federal Tax Rates

• If taxable income is over $0, but not over $9,875, the tax is 10% of taxable income
• If taxable income is over $9,875, but not over $40,125, the tax is $987.50 plus 12% of the amount over $9,875
• If taxable income is over $40,125, but not over $85,525, the tax is $4,617.50 plus 22% of the amount over $40,125
• If taxable income is over $85,525, but not over $163,300, the tax is $14,605.50 plus 24% of the amount over $85,525
• If taxable income is over $163,300, but not over $207,350, the tax is $33,271.50 plus 32% of the amount over $163,300
• If taxable income is over $207,350, but not over $311,025, the tax is $47,367.50 plus 35% of the amount over $207,350
• If taxable income is over $311,025, but not over no limit, the tax is $83,653.75 plus 37% of the amount over $311,025

Schedule Z – Head of Household

2019 Schedule Z Head of Household Federal Tax Rates

• If taxable income is over $0, but not over $14,100, the tax is 10% of taxable income
• If taxable income is over $14,100, but not over $53,700, the tax is $1410.00 plus 12% of the amount over $14,100
• If taxable income is over $53,700, but not over $85,500, the tax is $6,162.00 plus 22% of the amount over $57,300
• If taxable income is over $85,500, but not over $163,300, the tax is $13,158.00 plus 24% of the amount over $85,500
• If taxable income is over $163,300, but not over $207,350, the tax is $31,830.00 plus 32% of the amount over $163,300
• If taxable income is over $207,350, but not over $518,400, the tax is $45,926.00 plus 35% of the amount over $207,350
• If taxable income is over $518,400, but not over no limit, the tax is $154,793.50 plus 37% of the amount over $518,400

Source: Internal Revenue Service, 2019

As a result of the Tax Cuts and Jobs Act of 2017, it is expected that more taxpayers will take the standard deduction rather than itemizing deductions, leading to a less complex tax filing season.

You can view or print the most popular IRS publications by simply clicking on the appropriate publication number.

Publication: 1
Description: Your Rights as a Tax Payer

Publication: 3
Description: Armed Forces’ Tax Guide

Publication: 5
Description: Your Appeal Rights and How to Prepare a Protest If You Don’t Agree

Publication: 17
Description: Your Federal Income Tax (for individuals)

Publication: 225
Description: Farmer’s Tax Guide

Publication: 334
Description: Tax Guide for Small Business (for individuals who use Schedule C or C-EZ)

Publication: 463
Description: Travel, Entertainment, Gift, and Car Expenses

Publication: 501
Description: Exemptions, Standard Deductions, and Filing Information

Publication: 502
Description: Medical Expenses

Publication: 503
Description: Child and Dependent Care Expenses

Publication: 590-A
Description: Contributions to Individual Retirement Arrangements (IRAs)

Publication: 590-B
Description: Distributions from Individual Retirement Arrangements (IRAs)

Publication: 969
Description: Health Savings Accounts and Other Tax-Favored Health Plans

Here are some key dates for the current tax year.

2020

October
1 – Deadline for existing employers to establish a SIMPLE IRA plan.
15 – If you were given a 6-month extension to file your income tax return for 2019, file Form 1040 and pay any tax, interest, and penalties due.
15 – Final deadline to file 2019 corporate tax return if were given a 6-month extension.

NOTE: The Internal Revenue Service postponed the due date for federal income tax returns and tax payments from April 15, 2020, to July 15, 2020, due to the COVID-19 pandemic. No interest, penalties, or additions to tax will be incurred by taxpayers during this 90-day relief period for any return or payment postponed under this provision. This relief applies automatically to federal income tax payments for tax year 2019 and estimated tax payments for tax year 2020 that were initially due on April 15, including payments of tax on self-employment income. There is no limit on the amount of tax that can be deferred.

Source: Internal Revenue Service, 2019

We've put together a library of articles with helpful information on tax management strategies. Simply click on a topic.

• Capital Gain Tax
• Estate Tax
• Gift Tax
• Retirement Plan Limits
• Required Minimum Distributions
• Charitable Trust Tax Benefits
• Retirement Plan Taxes
• Withdrawing Before Age 59.5
• Tax Deferral
• Tax-Advantaged Investments
• Tax Deductions
• Tax-Advantaged Alternatives
• Tax Strategies for Retirement Plans
• Tax-Free Investments
• Mutual Fund Profits
• Tax-Free Insurance Upgrades
• United States Tax History

This information is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the purpose of avoiding any federal tax penalties. You are encouraged to seek advice from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the purchase or sale of any security.

This material was written and prepared by Broadridge Advisor Solutions. © 2020 Broadridge Investor Communication Solutions, Inc.