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Tax Rates

Tax Year 2021

There are 7  Federal income tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your tax rate is based on your taxable income level and filing status.

(taxes due in April 2021, or in October 2021 with an extension) 

Single

Taxable IncomeTax Rate
$0 – $9,95010% of taxable income
$9,951 – $40,525$995 plus 12% of the amount over $9,950
$40,526 – $86,375$4,664 plus 22% of the amount over $40,525
$86,376 – $164,925$14,751 plus 24% of the amount over $86,375
$164,926 – $209,425$33,603 plus 32% of the amount over $164,925
$209,426 – $523,600$47,843 plus 35% of the amount over $209,425
$523,601 or more$1157,804.25 plus 37% of the amount over $523,600

 

Married Filing Separately

Taxable IncomeTax Rate
$0 – $9,95010% of taxable income
$9,951 – $40,525$995 plus 12% of the amount over $9,950
$40,526 – $86,375$4,664 plus 22% of the amount over $40,525
$86,376 – $164,925$14,751 plus 24% of the amount over $86,375
$164,926 – $209,425$33,603 plus 32% of the amount over $164,925
$209,426 – $314,150$47,843 plus 35% of the amount over $209,425
$314,150 or more$84,496.75 plus 37% of the amount over $314,150

Married Filing Jointly

Taxable IncomeTax Rate
$0 – $19,90010% of taxable income
$19,901 – $81,050$1,990 plus 12% of the amount over $19,900
$81,051 – $172,750$9,328 plus 22% of the amount over $81,050
$172,751 – $329,850$29,502 plus 24% of the amount over $172,750
$329,851 – $418,850$67,206 plus 32% of the amount over $329,850
$418,851 – $628,300$95,686 plus 35% of the amount over $418,850
$628,300 or more$168,993.50 plus 37% of the amount over $628,300

 

Head of Household

Taxable IncomeTax Rate
$0 – $14,20010% of taxable income
$14,201 – $54,200$1,420 plus 12% of the amount over $14,200
$54,201 – $86,350$6,220 plus 22% of the amount over $54,200
$86,351 – $164,900$13,293 plus 24% of the amount over $86,350
$164,901 – $209,400$32,145 plus 32% of the amount over $164,900
$209,401 – $523,600$46,385 plus 35% of the amount over $209,400
$523,600 or more$156,355 plus 37% of the amount over $523,600

Standard Deduction Amounts

Filing StatusStandard Deduction
Single$12,550
Married Filing Jointly or Qualifying Widow(er)$25,100
Married Filing Separately$12,550
Head of Household$18,800