what is a tax table 
the term tax table refers to a chart that displays the amount of tax due based on income received tax tables are provided by the internal revenue service irs to help taxpayers determine how much tax they owe and how to calculate it when they file their annual tax returns the irs provides different tax ranges in the tax table by tax filing status tax rates may be shown as a discrete amount a percentage rate or a combination of both tax tables are used by individuals companies and estates for both standard income and capital gains they are updated annually 