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 Standard tax deduction and tax rates that apply to your 2021 Income Tax Rerun

Standard tax deduction and tax rates that apply to your 2021 Income Tax Rerun

The standard deduction for tax year 2021 is:

✔️ For married couples filing jointly $25,100

✔️ For single taxpayers and married individuals filing separately $12,550

✔️ For heads of households $18,800

For tax year 2021, the top tax rate is 37% for individual single taxpayers with incomes greater than $523,600 ($628,300 for married couples filing jointly).

The other rates are:35%, 32%, 24%, 22%, 12%. The lowest rate is 10% for incomes of single individuals with incomes of $9,950 or less ($19,900 for married couples filing jointly).

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