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 |
