2021 Tax Information
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Tax Day is Monday, April 18, 2022. You must file your 2021 tax returns by this date!
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After an inflation adjustment, the 2021 standard deduction has increased slightly to $12,550 for single filers and married couples filing separately and $18,800 for single heads of household, who are generally unmarried with one or more dependents. For married couples filing jointly, the standard deduction has risen to $25,100.
But that’s just scratching the surface! Let’s break down the details so you can file your taxes with confidence this year.
2021 Marginal Income Tax Rates and Brackets
There are still seven tax rates, but the income ranges (tax brackets) for each rate have shifted slightly to account for inflation. For 2021, the following rates and income ranges apply:
