1040 Tax Calculator 2020

Calculate your 2020 federal income tax liability using Form 1040 tax brackets and deductions.

Income & Filing Status

Gross Income

$

Filing Status

Above-the-Line Adjustments

$

Deductions & Credits

Use Standard Deduction ($12,400)

Tax Credits

$

2020 Tax Calculation Results

Adjusted Gross Income$75,000.00

Deduction$12,400.00

Taxable Income$62,600.00

Federal Tax$9,562.00

Tax Credits Applied$0.00

Total Tax$9,562.00

Effective Tax Rate12.75

Marginal Tax Rate22