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What is 2020 U.S. Income Tax Rates & Limits about?

This document summarizes key 2020 tax rates, limits, and schedules including: - Income tax rates ranging from 10% to 37% depending on filing status and taxable income. Additional 3.8% federal net investment income tax applies above certain income thresholds. - Standard deduction amounts of $12,400 for single filers and $24,800 for married joint filers. - $2,000 child tax credit per qualifying child under age 17 and $500 nonrefundable credit for other dependents. - Health savings account contribution

Author

cherry Li

Language

EN