2021 Federal Tax Information
Below you'll find the 2021 tax brackets, standard deductions, long-term capital gains rates, and more.
Federal Income Tax Brackets
Single
Tax Rate | Taxable Income Range | Your Income Tax Is.. |
|---|---|---|
10% | $0-$9,950 | 10% of your taxable income |
12% | $9,950-$40,525 | $995 + 12% of the amount over $9,950 |
22% | $40,525-$86,375 | $4,664 + 22% of the amount over $40,525 |
24% | $86,376-$164,925 | $14,751 + 24% of the amount over $86,375 |
32% | $164,926-$209,425 | $33,603 + 32% of the amount over $164,925 |
35% | $209,426-$523,600 | $47,843 + 35% of the amount over $209,425 |
37% | Over $523,601 or more | $157,804.25 + 37% of the amount over $523,600 |
Married Filing Jointly
Tax Rate | Taxable Income Range | Your Income Tax Is.. |
|---|---|---|
10% | $0-$19,900 | 10% of your taxable income |
12% | $19,901 - $81,050 | $1,990 + 12% of the amount over $19,900 |
22% | $81,051 - $172,750 | $9,328 + 22% of the amount over $81,050 |
24% | $172,751 - $329,850 | $29,502 + 24% of the amount over $172,750 |
32% | $329,850 - $418,850 | $67,206 + 32% of the amount over $329,850 |
35% | $418,851 - $628,300 | $94,735 + 35% of the amount over $418,850 |
37% | Over $628,301 | $168,993.50 + 37% of the amount over $628,300 |
Married Filing Separately
Tax Rate | Taxable Income Range | Your Income Tax Is.. |
|---|---|---|
10% | $0 - $9,950 | 10% of your taxable income |
12% | $9,951 - $40,525 | $987.50 + 12% of the amount over $9,950 |
22% | $40,526 - $86,375 | $4,664 + 22% of the amount over $40,525 |
24% | $86,376 - $164,925 | $14,751 + 24% of the amount over $86,375 |
32% | $164,926 - $209,425 | $33,603 + 32% of the amount over $164,925 |
35% | $209,426 - $314,150 | $47,843 + 35% of the amount over $209,425 |
37% | Over $311,026 | $84,496.75 + 37% of the amount over $314,150 |
Head of Household
Tax Rate | Taxable Income Range | Your Income Tax Is.. |
|---|---|---|
10% | $0-$14,200 | 10% of your taxable income |
12% | $14,201 - $54,200 | $1,420 + 12% of the amount over $14,200 |
22% | $54,201 - $86,350 | $6,220 + 22% of the amount over $54,200 |
24% | $86,351 - $164,900 | $13,293 + 24% of the amount over $86,350 |
32% | $164,901 - $209,400 | $32,145 + 32% of the amount over $164,900 |
35% | $209,401 - $523,600 | $46,385 + 35% of the amount over $209,400 |
37% | Over $523,601 | $156,355 + 37% of the amount over $523,600 |
Long-Term Capital Gains Rates & Brackets
Tax Rate | Single | Married Filing Jointly | Married Filing Separately | Head of Household |
|---|---|---|---|---|
0% | $0-$40,400 | $0-$80,800 | $0-$54,100 | $0-$40,100 |
15% | $40,401-$445,850 | $80,801-$501,600 | $54,101-$473,750 | $40,401-$250,800 |
20% | $445,851 or more | $501,601 or more | $473,751 or more | $250,801 or more |
2021 Child Tax Credit
Maximum Credit | Phase-Outs Begin at Income of |
|---|---|
$2,000 per qualifying child | $400,000 (Married, filing jointly) |
2021 Standard Deductions
Filing Status | Standard Deduction |
|---|---|
Single | $12,550 |
Married Filing Jointly | $25,100 |
Married Filing Separately | $12,550 |
Head of Household | $18,800 |
2021 Trusts & Estates
Rate | Income |
|---|---|
10% | $0 - $2,650 |
24% | $2,650 - $9,550 |
35% | $9,950 - $13,050 |
37% | $13,050 + |
Alternative Min. Tax Exemptions
Filing Status | Exemption Amount |
|---|---|
Individual | $73,600 |
Married Filing Jointly | $114,600 |
Married Filing Separately | $57,300 |