2021 U.S. Tax Details

2021 U.S Tax Rates & Details

Individual Tax Rates - 2021

2021 Tax Brackets

2021 Tax Rate For Single Filers For Married Filing Jointly For Head of Households
10% Up to $9,950 Up to $19,900 Up to $14,200
12% $9,951 to $40,525 $19,901 to $ 81,050 $14,201 to $54,200
22% $40,526 to $86,375 $81,051 to $172,750 $54,201 to $86,350
24% $86,376 to $164,925 $172,751 to $329,850 $86,351 to $164,900
32% $164,926 to $209,425 $329,851 to $418,850 $164,901 to $209,400
35% $209,426 to $523,600 $418,851 to $628,300 $209,401 to $523,600
37% $523,601 or more $628,301 or more $523,601 or mor
       


2021 Standard Deductions

2021 Standard Deductions
Filing Status Deduction Amount
Single $12,550
Married Filing Jointly $25,100
Head of Household $18,800


2021 Alternative Minimum Tax

2021 AMT
Filing Status Exemption Amount Phaseout Thresholds
Unmarried Individuals $73,600 $523,600
Married Filing Jointly $114,600 $1,047,200


2021 Earned Income Tax Credit

The maximum Earned Income Tax Credit (EITC) in 2021 for single and joint filers is $543, if the filer has no children.
The maximum credit is $3,618 for one child, $5,980 for two children, and $6,728 for three or more children.

2021 Earned Income Tax Credit Parameters
Filing Status   No Children One Child Two Children Three of More Children
Single or Head of Household Income at Max. Credit $7,100 $10,640 $14,950 $14,950
  Maximum Credit $543 $3,618 $5,980 $6,728
  Phaseout  $8,880-$15,980 $19,520-$42,158 $19,520-$47,915 $19,520-51,464
           
           
Married Filing Jointly Income at Max. Credit $7,100 $10,640 $14,950 $14,950
  Maximum Credit  $543 $3,618 $5,980 $6,2728
  Phaseout  $14,820-$21,920 $25,470-$48,108 $25,470-$53,865 $25,470-$57,414



2021 Child Tax Credit

The Child Tax Credit (CTC) totals at $2,000 per qualifying child and is not adjusted to inflation.
However, the refundable portion of the CTC is adjusted for inflation and will remain at $1,400 for 2021.


2021 Capital Gains Tax Rate (Long-Term Capital Gains)

Long-term capital gains are taxed using different brackets and rates than ordinary income.

2021 Long-term Capital Gains
  Unmarried & Taxable Income is Over Married Filing Jointly & Taxable Income is Over Head of Household & Taxable Income is Over
0%      
15% $40,400 $80,800 $54,100
20% $445,850 $501,600 $473,750


2021 Qualified Business Income (QBI) Deduction (Sec. 199A)

The Tax Cut and Jobs Act includes a 20% deduction, for pass-through businesses, for up to $164,900 of QBI for unmarried taxpayers and $329,800 for married taxpayers.


2021 Annual Exclusion for Gifts

In 2021, the first $15,000 fo gifts to any person is excluded from tax. 
The exclusion for gifts to spouses who are not citizens of the United States is $159,000.