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Irs tax withholding table 20202/22/2024 22% for incomes over $40,125 ($80,250 for married couples filing jointly).24% for incomes over $85,525 ($171,050 for married couples filing jointly).32% for incomes over $163,300 ($326,600 for married couples filing jointly). 35%, for incomes over $207,350 ($414,700 for married couples filing jointly).Marginal Rates: For tax year 2020, the top tax rate remains 37% for individual single taxpayers with incomes greater than $518,400 ($622,050 for married couples filing jointly).The personal exemption for tax year 2020 remains at 0, as it was for 2019, this elimination of the personal exemption was a provision in the Tax Cuts and Jobs Act.For single taxpayers and married individuals filing separately, the standard deduction rises to $12,400 in for 2020, up $200, and for heads of households, the standard deduction will be $18,650 for tax year 2020, up $300.
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