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To qualify for the top rate of tax you must have earned more than 612 350.
Income tax rates married filing jointly. 22 for incomes over 78 950. In 2020 the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows table 1. 32 for incomes over 321 450. Filing jointly has many tax benefits as the irs and many states effectively double the width of most mfj brackets when compared to the.
There are five filing status available to oregon. 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. What is the oregon married filing jointly income tax filing status. For married couples filing jointly the top rate of tax has remained the same at 37.
The other tax brackets for married taxpayers filing jointly are. 24 for incomes over 168 400. Married filing jointly is the filing type used by taxpayers who are legally married including common law marriage and file a combined joint income tax return rather than two individual income tax returns.
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