The more you make, the more you pay. 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. There are seven tax brackets in all. These rates are weighted by population to compute an average local tax rate. These… The California income tax has ten tax brackets, with a maximum marginal income tax of 13.30% as of 2020. The District of Columbia tax rate and tax brackets are unchanged from last year. FEDERATION OF TAX ADMINISTRATORS -- FEBRUARY 2020 STATE INDIVIDUAL INCOME TAXES (Tax rates for tax year 2020 -- as of January 1, 2020) TAX RATE RANGE Number FEDERAL (in percents) of INCOME BRACKETS PERSONAL EXEMPTIONS INCOME TAX Low High Brackets Lowest Highest Single MarriedDependents Single Married DEDUCTIBLE State Individual Income Tax Rates and Brackets for 2020 Key Findings • Individual income taxes are a major source of state government revenue, accounting for 37 percent of state tax collections in fiscal year (FY) 2017. Louisiana Income Tax Rate 2019 - 2020. Louisiana state income tax rate table for the 2019 - 2020 filing season has three income tax brackets with LA tax rates of 2%, 4% and 6% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. New Jersey Income Tax Rate 2019 - 2020. Looking at the tax rate and tax brackets shown in the tables above for Arkansas, we can see that Arkansas collects individual income taxes similarly for Single versus Married filing statuses, for example. Supplemental wages. The New Mexico tax rate and tax brackets are unchanged from last year. These numbers are subject to change if new Pennsylvania tax tables are released. District of Columbia state income tax rate table for the 2019 - 2020 filing season has six income tax brackets with DC tax rates of 4%, 6%, 6.5%, 8.5%, 8.75% and 8.95% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. Your bracket depends on your taxable income and filing status. New Mexico state income tax rate table for the 2019 - 2020 filing season has four income tax brackets with NM tax rates of 1.7%, 3.2%, 4.7% and 4.9% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. The Maryland Comptroller's has released the 2020 state and local income tax withholding percentage and regular methods. New Jersey state income tax rate table for the 2019 - 2020 filing season has seven or eight income tax brackets with NJ tax rates of 1.4%, 1.75%, 2.45%, 3.5%, 5.525%, 6.37%, 8.97%, 10.75% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses.. New Jersey income tax rate and tax brackets shown in the table … The current tax year is from 6 April 2020 to 5 April 2021. Detailed California state income tax rates and brackets are available on this page. New Mexico Income Tax Rate 2019 - 2020. State income tax typically works one of three ways: A progressive tax, a flat tax or none at all. California's 2020 income tax ranges from 1% to 13.3%. Individual and Corporate Income Tax Rate Changes Effective January 1, 2020; Note: The corporate income and franchise tax rates in Florida were set to revert back to the 2018 rate of 5.5 percent, but legislation was enacted extending the 2019 rates to 2020 and 2021. For married couples filing jointly, the same tax rates apply to income brackets ranging from $39,410 to $273,470. (o) The deduction for federal income tax is limited to $5,000 for individuals and $10,000 for joint returns in Missouri and Montana, and to $6,500 for all filers in Oregon. (b) Three states levy mandatory, statewide, local add-on sales taxes at the state level: California (1%), Utah (1.25%), and Virginia (1%). The next highest income tax rate is found in Oregon, where the highest bracket has a rate of 9.9%. The Tax Cuts and Jobs Act that went into effect on Jan. 1, 2018, retained seven tax brackets but lowered some of the tax rates and raised some of the income thresholds for those rates. State Income Tax Rates in 2020: What They Are and How They Work. The lowest income tax bracket in Oregon is 5%. We can also see the progressive nature of Oklahoma state income tax rates from the lowest OK tax rate bracket of 0.5% to the highest OK tax rate … We can also see the progressive nature of Arkansas state income tax rates from the lowest AR tax rate bracket of 2% to the highest AR tax rate bracket of 6.9%. Arkansas Tax Brackets 2019 - 2020. District of Columbia Income Tax Rate 2019 - 2020. Forty-one tax wage and Income Tax Rates for the year ended 31st December 2020. For 2020, the rate of withholding for Maryland residents is 5.75% plus the local tax rate. California has the highest statewide sales tax, at 7.25 percent, but comes in ninth when you combine state and local sales tax, according to newly released 2020 data from the Tax Foundation, an independent tax policy think tank.