Bloomberg Tax & Accounting recently published projected 2021 Federal tax brackets. A few notable items:
- 2021 standard deduction will be $25,100 (MFJ) and $12,550 (Single)
- The top of the 24% bracket for MFJ filer will be $329,850
- The top of the 24% bracket for Single filer will be $164,925
If you do not know how or why to use these tax brackets you may want to watch this video: Fill Up the Bracket
Click below to view/print the brackets.