2021 Federal Tax Information

Below you'll find the 2021 tax brackets, standard deductions, long-term capital gains rates, and more.

If you are looking for 2020 tax rates, click here.

 

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)
$200,000 (all others)

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