The Internal Revenue Service has published the 2021 tax rates, allowances and thresholds applicable for the tax law provisions that are adjusted annually for inflation.
For 2021 returns filed by individual taxpayers in 2022, the top tax rate will continue to be 37% but the standard deduction, tax bracket ranges, other deductions, and phase-outs will increase. (Note that, in April 2021, individual taxpayers will be filing their 2020 taxes, according to 2020 tax rules.)
| 2021 Tax Brackets | ||||
| Rate | Married Joint Return | Single Individual | Head of Household | Married Separate Return |
| 10% | $19,900 or less | $9950 or less | $14,200 or less | $9950 or less |
| 12% | Over $ 19,900 | Over $9,950 | Over $14,200 | Over $9,950 |
| 22% | Over $ 81,050 | Over $ 40,525 | Over $54,200 | Over $40,525 |
| 24% | Over $172,750 | Over $86,375 | Over $86,350 | Over $ 86,375 |
| 32% | Over $329,850 | Over $164,925 | Over $164,900 | Over $164,925 |
| 35% | Over $418,850 | Over $209,425 | Over $209,400 | Over $209,425 |
| 37% | Over $628,300 | Over $523,600 | Over $523,600 | Over $314,150 |