2020 Projected Federal Tax Brackets

Bloomberg Tax & Accounting recently published projected 2020 Federal tax brackets.  Theses projected tax brackets are useful for people who follow the Thomann Tax Fill Up The Bracket strategy.  A few notable items:

  • 2020 standard deduction will be $24,800 (MFJ) and $12,400 (Single)
  • The top of the 24% bracket for MFJ filer will be $326,600
  • The top of the 24% bracket for Single filer will be $163,300