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  2. IRS Tax Brackets: Here’s How Much You’ll Pay in ... - AOL

    www.aol.com/finance/irs-tax-brackets-much-ll...

    The U.S. uses the 2020 federal income tax brackets to determine how much money you’ll owe the IRS or how much of a federal income tax refund you will receive. IRS tax brackets are divided based ...

  3. Know Before You File: Tax Breaks for Tax Year 2020 - AOL

    www.aol.com/know-file-tax-breaks-tax-020044046.html

    Tax returns for the 2020 tax year are due by May 17, 2021. The IRS offers numerous tax deductions, exemptions and credits to lower your tax bill. Many of these tax breaks are indexed for inflation,...

  4. Rate schedule (federal income tax) - Wikipedia

    en.wikipedia.org/wiki/Rate_schedule_(federal...

    The origin of the current rate schedules is the Internal Revenue Code of 1986 (IRC), [2] [3] which is separately published as Title 26 of the United States Code. [4] With that law, the U.S. Congress created four types of rate tables, all of which are based on a taxpayer's filing status (e.g., "married individuals filing joint returns," "heads of households").

  5. Income tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_the_United...

    Marginal tax rates and income brackets for 2020 Marginal tax rate [31] Single taxable income Married filing jointly or qualified widow(er) taxable income Married filing separately taxable income Head of household taxable income 10% $0 – $9,875: $0 – $19,750: $0 – $9,875: $0 – $14,100 12% $9,876 – $40,125: $19,751 – $80,250: $9,876 ...

  6. Standard deduction - Wikipedia

    en.wikipedia.org/wiki/Standard_deduction

    Under United States tax law, the standard deduction is a dollar amount that non-itemizers may subtract from their income before income tax (but not other kinds of tax, such as payroll tax) is applied. Taxpayers may choose either itemized deductions or the standard deduction, [1] but usually choose whichever results in the lesser amount of tax ...

  7. Is Social Security Taxable? How Social Security Benefits ...

    www.aol.com/finance/social-security-income...

    If your total combined income for the year after the above calculation is $25,000 to $34,000, you may owe taxes on up to 50% of your Social Security income. ... You can also use the IRS worksheet ...

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