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What are the federal tax rates for 2021?

SOLVED•by TurboTax•324•Updated December 22, 2021

Below are the federal tax rate formulas for 2021 personal (individual) taxes. Note that these formulas apply to 2021 taxable (not gross) income and don't take into consideration tax credits, such as the Earned Income Tax Credit or the Child Tax Credit.

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2021 taxable incomeTax formulaSample calculations
$0–$9,950Taxable income × .10$5,000 income = $500 tax
$9,951–$40,525[.12 × (taxable income – $9,950)] + $995$25,000 = $2,801
$40,526–$86,375[.22 × (taxable income – $40,525)] + $4,664$50,000 = $6,748
$86,376–$164,925[.24 × (taxable income – $86,375)] + $14,751$100,000 = $18,021
$164,926–$209,425[.32 × (taxable income – $164,925)] + $33,603$200,000 = $44,827
$209,426–$523,600 (Single)[.35 × (taxable income – $209,425)] + $47,843$400,000 = $114,544.25
Over $523,600 (Single)[.37 × (taxable income – $523,600)] + $157,804.25$800,000 = $260,072.25
$209,426–$314,150 (MFS)[.35 × (taxable income – $209,425)] + $47,843$250,000 = $62,044.25
Over $314,150 (MFS)[.37 × (taxable income – $314,150)] + $84,496.75$500,000 = $153,261.25
2021 taxable incomeTax formulaSample calculations
$0–$14,200Taxable income × .10$5,000 income = $500 tax
$14,201–$54,200[.12 × (taxable income – $14,200)] + $1,420$50,000 = $5,716
$54,201–$86,350[.22 × (taxable income – $54,200)] + $6,220$75,000 = $10,796
$86,351–$164,900[.24 × (taxable income – $86,350)] + $13,293$100,000 = $16,569
$164,901–$209,400[.32 × (taxable income – $164,900)] + $32,145$200,000 = $43,377
$209,401–$523,600[.35 × (taxable income – $209,400)] + $46,385$400,000 = $113,095
Over $523,600[.37 × (taxable income – $523,600)] + $156,355$800,000 = $258,623
2021 taxable incomeTax formulaSample calculations
$0–$19,900Taxable income × .10$5,000 income = $500 tax
$19,901–$81,050[.12 × (taxable income – $19,900)] + $1,990$50,000 = $5,602
$81,051–$172,750[.22 × (taxable income – $81,050)] + $9,328$100,000 = $13,497
$172,751–$329,850[.24 × (taxable income – $172,750)] + $29,502$200,000 = $36,042
$329,851–$418,850[.32 × (taxable income – $329,850)] + $67,206$400,000 = $89,654
$418,851–$628,300[.35 × (taxable income – $418,850)] + $95,686$600,000 = $159,088.50
Over $628,300[.37 × (taxable income – $628,300)] + $168,993.50$800,000 = $232,522.50

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