Federal Individual Income Tax

Updated August 5, 2020 | Infoplease Staff

The federal individual income tax is levied on the worldwide income of U.S. citizens and resident aliens and on certain types of U.S. source income of nonresidents. For a nonitemizer, “tax table income” is adjusted gross income less $3,000 for each personal exemption and the standard deduction. If a taxpayer itemizes, tax table income is adjusted gross income minus total itemized deductions and personal exemptions. In addition, individuals may also be subject to the alternative minimum tax.