turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How much federal income tax is due on 14,900 for a single person tax year 2020?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
DMarkM1
Expert Alumni

How much federal income tax is due on 14,900 for a single person tax year 2020?

That depends on whether the 14,900 is gross income or taxable income.  If the 14,900 is gross income then at a minimum 12,400 is deducted as the standard deduction leaving 2,500 taxable income.  The tax rate on that figure is 10% so according to the tax tables the tax would be $251.  

 

Your tax return could also include other credits or deductions that would make that tax even lower.

 

If the 14,900 is taxable income then the tax rate is 10% on the first $9875 and 12% on the rest.  So according to the tax tables the tax would be $1594.  Again there could be credits that might reduce that tax even more.

 

 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

How much federal income tax is due on 14,900 for a single person tax year 2020?

It also depends upon whether any of that income is from self-employment.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question