There are seven tax brackets for the year 2021: 10%, 12%, 22%, 24%, 32%, 35% and 37%. The income thresholds are adjusted each year for inflation based on the Chained Consumer Price Index.
2021 Federal Income Tax Brackets and Rates for Single Filers, Married Couples Filing Jointly, Married Couples Filing Separately and Heads of Households
2021 Standard Deduction
2021 Long-Term Capital Gains
Long-term capital gains are taxed at a different rate than ordinary income. Here are the brackets for 2021:
2021 Annual Gift Exclusion
$15,000 of gifts to any person are excluded from tax. For 2021, the exclusion is $159,000 for gifts to spouses who are not United States citizens.
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