2020 Federal Rates
- 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 other rates are:
- 35%, for incomes over $207,350 ($414,700 for married couples filing jointly);
- 32% for incomes over $163,300 ($326,600 for married couples filing jointly);
- 24% for incomes over $85,525 ($171,050 for married couples filing jointly);
- 22% for incomes over $40,125 ($80,250 for married couples filing jointly);
- 12% for incomes over $9,875 ($19,750 for married couples filing jointly).
The lowest rate is 10% for incomes of single individuals with incomes of $9,875 or less ($19,750 for married couples filing jointly).
2020 Missouri State Income Tax Rates
|
If the Missouri taxable income is…
|
The tax is…
|
| $0 to $104 | $0 |
| At least $105 but not over $1,053 | 1.5% of the Missouri taxable income |
| Over $1,053 but not over $2,106 | $16 plus 2.0% of excess over $1,053 |
| Over $2,106 but not over $3,159 | $37 plus 2.5% of excess over $2,106 |
| Over $3,159 but not over $4,212 | $63 plus 3.0% of excess over $3,159 |
| Over $4,212 but not over $5,265 | $95 plus 3.5% of excess over $4,212 |
| Over $5,265 but not over $6,318 | $132 plus 4.0% of excess over $5,265 |
| Over $6,318 but not over $7,371 | $174 plus 4.5% of excess over $6,318 |
| Over $7,371 but not over $8,424 | $221 plus 5.0% of excess over $7,371 |
| Over $8,424 | $274 plus 5.4% of excess over $8,424 |