Income Tax Brackets 2020 By State

New york has eight marginal tax brackets ranging from 4 the lowest new york tax bracket to 8 82 the highest new york tax bracket.

Income tax brackets 2020 by state. 4 0 74 000. The state s seven individual income tax brackets were consolidated into five with the first two brackets eliminated and each of the remaining marginal rates was reduced by 4 percent. Choose any state from the list above for detailed state income tax information including 2020 income tax tables state tax deductions and state specific income tax calculators. California applies its highest tax rate to those who earn more than 1 million.

Income tax tables and other tax information is sourced from the hawaii department of taxation. Income tax tables and other tax information is sourced from the california franchise tax board. 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. For a visual comparison of state income taxes across the united states see our state.

State income taxes 2020. 2 0 25 000. State corporate income tax rates as of january 1 2020. This page has the latest california brackets and tax rates plus a california income tax calculator.

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. The state s seven individual income tax brackets were consolidated into five with the first two brackets eliminated and each of the remaining marginal rates was reduced by 4 percent. California s 2020 income tax ranges from 1 to 13 3. Each marginal rate only applies to earnings within the applicable marginal tax bracket.

While most states use a marginal bracketed income tax system similar to the federal income tax every state has a completely unique income tax code. 3 0 49 000. This page has the latest hawaii brackets and tax rates plus a hawaii income tax calculator. New york s income tax rates were last changed one year ago for tax year 2019 and the tax brackets were previously changed in 2016.

This data can be downloaded as an excel file courtesy of the tax foundation. 0 0 0. Hawaii s 2020 income tax ranges from 1 4 to 11. Indexing of the brackets was frozen at 2018 levels for tax years 2019 and 2020 but is set to resume in 2021.