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Exempt tax brackets for 2021: Where are you standing?



DALLAS (NEXSTAR) – The Internal Revenue Service has published 2,021 tax brackets, including inflation adjustments for next year.

The IRS also increased the standard deduction for a taxpayer to $ 12,550. That’s an increase of $ 150 from this year.

Married couples can see an increase of $ 300 with a joint deduction of $ 25,100.

There are seven limit tax brackets. The IRS will tax different parts of your income at different rates.

Here’s how the 7 tax brackets will be broken, according to CNBC:

  • 10% – Applies to individual taxpayers with an income below $ 9,950 ($ 1
    9,900 for joint marriage).
  • 12% – Applies to individual taxpayers with incomes over $ 9,950. ($ 19,900 D. For joint submission of documents).
  • 22% – Applies to individual taxpayers with incomes over $ 40,525. ($ 81,050 D. For a general declaration).
  • 24% – Applies to individual taxpayers with an income over $ 86,375 ($ 172,750 for a general return).
  • 32% – Applies to individual taxpayers with income over $ 164,925 ($ 329,850 for spouse declaration).
  • 35% – Applies to individual taxpayers with income over $ 209,425 ($ 418,850 for marriage).
  • 37% – Applies to individual taxpayers with an income over $ 523,600 ($ 628,300 for joint filing).

These 2021 figures will affect your submission in 2022.

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