What is a tax table mean?

A tax table is a chart used by taxpayers and tax professionals to determine the amount of income tax owed based on an individual's taxable income. It typically lists various income ranges alongside corresponding tax rates or amounts owed, simplifying the calculation of tax liabilities. Tax tables can vary by jurisdiction and are updated annually to reflect changes in tax laws or inflation adjustments. They are commonly used for individual income tax returns, making it easier for taxpayers to estimate their tax obligations.