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Get your taxes done using TurboTax
It is possible with a change in income you moved into a higher tax bracket. Therefore, with a slightly higher income your tax liability could also be higher, Hope this helps. 2021 tax brackets below.
- 37% for incomes over $523,600 ($628,300 for married couples filing jointly)
- 35% for incomes over $209,425 ($418,850 for married couples filing jointly)
- 32% for incomes over $164,925 ($329,850 for married couples filing jointly)
- 24% for incomes over $86,375 ($172,750 for married couples filing jointly)
- 22% for incomes over $40,525 ($81,050 for married couples filing jointly)
- 12% for incomes over $9,950 ($19,900 for married couples filing jointly)
- 10% for incomes up to $9,950 ($19,900 for married couples filing jointly)
February 27, 2021
11:59 AM