• IRS has released federal margin tax rates/income brackets
  • Income limits adjusted for inflation
  • State brackets may vary from federal

Read below to see the 2021 adjusted tax rates (unchanged from previous year) and income limits (adjusted for 2021 inflation). Any questions? Call us at 516-541-6549 or visit our website for more information.

For Married Individuals Filing Jointly
Standard Deduction: $25,10

10%: Taxable income up to $19,900
12%: Taxable income between $19,900 to $81,050
22%: Taxable income between $81,050 to $172,750
24%: Taxable income between $172,750 to $329,850
32%: Taxable income between $329,850 to $418,850
35%: Taxable income between $418,850 to $628,300
37%: Taxable income over $628,300

For Individual Single Taxpayers
Standard Deduction: $12,550 (Individuals/Married Filing Separately), $18,800 (Heads Of Households)

10%: Taxable income up to $9,950
12%: Taxable income between $9,950 to $40,525
22%: Taxable income between $40,525 to $86,375
24%: Taxable income between $86,375 to $164,925
32%: Taxable income between $164,925 to $209,425
35%: Taxable income between $209,425 to $523,600
37%: Taxable income over $523,600

Sincerely,

Devin McQuillan
Associate, Creative Solutions

Contact:
516-541-6549 | Email

Back to News & Articles

No tags here