Dc Income Tax Brackets 2020

2020 federal income tax brackets and rates in 2020 the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows table 1.

Dc income tax brackets 2020. Connect with us 1350 pennsylvania avenue nw suite 203 washington dc 20004 phone. Top marginal tax rates range from 2 9 in north dakota to 13 3 in california. Arizona voters just approved a ballot initiative to increase their top rate from 4 5 to 8 0. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income of 518 400 and higher for single filers and 622 050 and higher for married couples filing jointly.

Individual and fiduciary income taxes the taxable income of an individual who is domiciled in the district at any time during the tax year or who maintains an abode in the district for 183 or more days during the year or of a dc estate or trust is subject to tax at the following rates. 2019 district of columbia tax brackets and rates for all four dc filing statuses are shown in the table below. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income of 518 400 and higher for single filers and 622 050 and higher for married couples. This extension applies to all d 20 d 30 d 40 d 41 d 40b and d 65 tax.

This page has the latest district of columbia brackets and tax rates plus a district of columbia income tax calculator. Individual income tax forms 2020 tax filing season tax year 2019 important update as a response to the covid 19 pandemic. Irs releases updated income tax brackets for 2020. Income tax brackets and rates in 2020 the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows table 1.

Income tax tables and other tax information is sourced from the district of columbia office of taxpayer revenue. Rates for tax years 2016 2019. Detailed district of columbia state income tax rates and brackets are available on this page. 41 states and dc have broad based individual income taxes.

The irs on wednesday released the updated tax brackets for the 2020 filing season which have been modified to keep pace with inflation. The tax rates for tax years beginning after 12 31 2015 are. The office of tax and revenue of the district of columbia has extended the original april 15 2020 deadline to file and pay all income partnership and franchise tax returns until july 15 2020.