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