Federal individual tax rates and brackets for 2021

January 29, 2021by AB

The indexing factor for federal tax credits and brackets for 2021 is 1%. The following federal tax rates and brackets will be in effect for individuals for the 2021 tax year.

Income level                                          Federal tax rate

$13,808 – $49,020                                        15%

$49,021 – $98,040                                       20.5%

$98,041 – $151,978                                      26%

$151,979 – $216,511                                    29%

Over $216,511                                             33%

 


The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.

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