IRS Releases Key 2020 Tax Information Dec 11, 2019 by Sadia The IRS recently announced key tax figures for 2020, using information based on the Consumer Price Index published by the Department of Labor. Use these early figures to start developing your tax strategies for 2020. Tax Brackets: There are currently seven tax brackets ranging from 0 percent to 37 percent. Each of the income brackets increases between 1.59 and 1.80 percent. Standard Deductions: Other Key figures: Caution: Remember, these early IRS figures are prior to any potential tax law changes currently under consideration in Washington D.C. This publication provides summary information regarding the subject matter at time of publishing. Please call with any questions on how this information may impact your situation. This material may not be published, rewritten or redistributed without permission, except as noted here. This publication includes, or may include, links to third party internet web sites controlled and maintained by others. When accessing these links the user leaves this web page. These links are included solely for the convenience of users and their presence does not constitute any endorsement of the Websites linked or referred to nor does Ijaz & Associates LLC have any control over, or responsibility for, the content of any such Websites. All rights reserved.