What were tax rates in 2016?

Estimated Income Tax Brackets and Rates

Rate	Single Filers	Married Joint Filers
10%	$0 to $9,275	$0 to $18,550
15%	$9,275 to $37,650	$18,550 to $75,300
25%	$37,650 to $91,150	$75,300 to $151,900
28%	$91,150 to $190,150	$151,900 to $231,450

What are the Alabama tax brackets?

Alabama 2019 Income Bracket, Rate and Estimated Taxes Due

• Tax Rate:2% Income Range:$0-$500. Taxes Due:2% within Bracket. Tax Rate:4% Income Range:$500 – $3,000.
• Tax Rate:2% Income Range:$0-$1,000. Taxes Due:2% within Bracket. Tax Rate:4% Income Range:$1,000 – $6,000.
• Tax Year:2019. Status:Single. Amount:$2,500. Tax Year:2019.

What was the total Alabama producer income in 2016?

∎ Alabama farmers produced 33 percent of all catfish in the U.S. with 120 million pounds on 85 farms in 2016. ∎ Average Alabama catfish production is 6,135 pounds per acre per year. ∎ Total Alabama producer income in 2016 was $130 million.

What was the standard deduction in 2016?

If a taxpayer doesn’t itemize, then the basic standard deduction for 2016 depends on their filing status. If the taxpayer is: Single – $6,300. Married Filing Jointly – $12,600.

What is the Alabama standard deduction for 2020?

According to the Alabama instructions, the standard deduction varies between $2,000 and $4,000 depending on the filing status and income level.

What is a benefit of having lower taxes in Alabama?

Alabama is benefiting greatly from the Tax Cuts and Jobs Act enacted by Republicans in 2017: 325,020 Alabama households are benefiting from the TCJA’s doubling of the child tax credit. Every income group in every Alabama congressional district received a tax cut.

How much do you pay in taxes in Alabama?

QuickFact: The average family pays $2,404.00 in Alabama income taxes. [1] 1. 2. You can use our free Alabama income tax calculator to get a good estimate of what your tax liability will be come April. On the next page, you will be able to add more details like itemized deductions, tax credits, capital gains, and more.

What kind of tax return do I need for Alabama?

Form 40 is the Alabama income tax return form for all full-time and part-time state residents (non-residents must file a Form 40NR). Form 40ES is an estimated tax worksheet that will allow you to calculate your estimated quarterly income tax payments.

When is the last day to file taxes in Alabama?

There are -458 days left until Tax Day, on April 16th 2020. The IRS will start accepting eFiled tax returns in January 2020 – you can start your online tax return today for free with TurboTax . 4.

What is the standard deduction for the state of Alabama?

For lower-income filers, the Alabama Standard Deduction is reduced to 20% of their declared income if this amount is less then their applicable standard deduction. Additionally, the Alabama Dependent Exemption amount varies based on taxable income. The dependent exemption is $1,000 for taxpayers with a state AGI…