2020 Tax Facts and Figures

This handout provides charts of inflation-adjusted tax provisions, tax rate schedules, and net capital gain tax rates.

HIGHLIGHTS: 

  1. Federal tax rate schedule.

  2. Additional Medicare tax.

  3. Standard deduction.

  4. Child Tax Credit.

  5. Family Tax Credit.

  6. Capital gain and qualified dividend income tax rates.

  7. Education tax benefits.

  8. Retirement plan limits.

  9. Business expenses.


CLIENTS WHO MAY BENEFIT:

  1. Taxpayers who have children.

  2. Taxpayers who contribute to retirement plans.

  3. Taxpayers with net capital gains or qualified dividend income.