Federal Income Tax Rate for 2021,income tax brackets

Federal Income Tax Rate for 2021,income tax brackets

There are many taxes in United State of America.

Federal income Tax

States Tax

Sales Tax

Social Security Tax

 Federal Income tax rate

Federal income tax rate is allpicable in United state of America.   Federal income  tax  levies on  citizen of United state of America. There are seven  income tax rates 10,12,22,24,32,35,37. These rate are appicable on  individual according  his income earned during the relevant year. There are standard deduction allowable from total income.  There are many categories of  income tax payer

Single taxpayer

Married  taxpayer filing jointly

Head of House taxpayer

Married taxpayer filing seprately

Single taxpayer

Tax Rate (%)  Taxable  Income (USD)  Tax  on Income
10 0-9950 10%  of Total income
12 9951- 40,525  $995 plus  12% of  the amount over $9950
22 40526- 86375 $4664 Plus 22% of the amount over $40,525
24 86376- 164925 $14,751 Puls 24% of the amount over $86,375
32 164926-2,09,425 $33,603 Plus 32% of the amount over $1,64,925
35 2,09,426-5,23,600 $47,843 Plus 35% of the amount over $ 2,09,425
37 5,23,601 and above $1,57,804.3 Plus 37% of the amount over $ 523600

 

 

Married  taxpayer filing jointly

Tax Rate (%)  Taxable  Income (USD) Tax  on Income
10 0-19,900 10%  of Total income
12 19,901- 81,050 $1990 plus  12% of  the amount over $19900
22 81,051- 1,72,750 $9,328 Plus 22% of the amount over $81,050
24 1,72,751- 3,29,850 $29,502 Puls 24% of the amount over $1,72,750
32 3,29,851-4,18,850 $ 67,206Plus 32% of the amount over $ 3,29,850
35 4,18,851-6,28,300 $95,686 Plus 35% of the amount over $ 4,18,850
37 6,28,301 and above $1,68,993.5 Plus 37% of the amount over $ 6,28,300

 

Head of House taxpayer

Tax Rate (%)  Taxable  Income (USD) Tax  on Income
10 0-14,200 10%  of Total income
12 14201- 54,200 $1420 plus  12% of  the amount over $14200
22 54201- 86,350 $6220  Plus 22% of the amount over $54200
24 86,351- 1,64,900 $13293 Puls 24% of the amount over $86,350
32 1,64,901-2,09,400 $32145 Plus 32% of the amount over $1,64,900
35 2,09,401-5,23,600 $46385 Plus 35% of the amount over $ 2,09,400
37 5,23601 and above $1,56,355 Plus 37% of the amount over $ 523600

 

Married taxpayer filing seprately

Tax Rate (%)  Taxable  Income (USD) Tax  on Income
10 0-9950 10%  of Total income
12 9951- 40,525 $995 plus  12% of  the amount over $9950
22 40526- 86375 $4,664 Plus 22% of the amount over $40,525
24 86376- 164925 $14,751 Puls 24% of the amount over $86,375
32 164926-2,09,425 $33,603 Plus 32% of the amount over $1,64,925
35 2,09,426-3,14,150 $47,843 Plus 35% of the amount over $ 2,09,425
37 3,14,151 and above $84,496.75 Plus 37% of the amount over $ 3,14,150

 

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