New Tax Brackets for 2020

10%, 12%, 22%, 24%, 32%, 35% and 37%.

Child Tax Credit 

For 2020 the credit is $2000 with $1,400 of that credit refundable (if you owe no taxes)

This credit phases out at $400,000 for couples and $200,000 for singles.

Effective for Tax Year 2020

Single -  $12,400

Married Filing Joint  -  $24,800

Head of Household  -  $18,650