The IRS has issued official inflation-adjusted tax rate schedules and other key tax figures for 2020. Tax-bracket thresholds increase for each filing status but, because they’re based on percentages, they increase more if you’re in a higher bracket. The standard deduction for 2020 will be $12,400 for single filers and $24,800 for married couples filing jointly. The gift and estate tax exemption will be $11.58 million (up from $11.40 million for 2019). Some figures will remain the same. For example, the exemption from the kiddie tax for 2020 will be $2,200 (same as for 2019). To learn more 2020 inflation-adjusted numbers:  Visit our website for more information!