Tax Rates

Every year, tax rates adjust.

Take a peek at the tax rates for this year. Don’t miss any arrangements, don’t pay too much or too little.

To get a free consultation or start working with us, fill out the form.






    2021 Tax Rates – Single Taxpayers – Standard Deduction $12,550 2021 Rates

    0 to $9,950

    $9,950 to $40,525

    $40,525 to $86,375

    $86,375 to $164,925

    $164,925 to $209,425

    $209,425 to $523,600

    Over $518,400

    2021 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $25,100

    0 to $19,900

    $19,900 to $81,050

    $81,050 to $172,750

    $172,750 to $329,850

    $329,850 to $418,850

    $418,850 to $628,300

    Over $628,300

    2021 Tax Rates – Married Filing Separately – Standard Deduction $12,550

    0 to $9,950

    $9,950 to $40,525

    $40,525 to $86,375

    $86,355 to $164,925

    $164,925 to $209,425

    $209,425 to $314,150

    Over $314,150

    2021 Tax Rates – Head of Household – Standard Deduction $18,800

    0 to $14,200

    $14,200 to $54,200

     

    $54,200 to $86,350

     

    $86,350 to $164,900

     

    $164,900 to $209,400

     

    $209,400 to $523,600

     

    Over $523,600

     

    2021 Tax Rates – Estates & Trusts

    0 to $2,650

     

    $2,650 to $9,550

    $9,550 to $13,050

    Over $13,050

    Social Security Tax Rate: Employers

    2021 Tax Rates : 6.2%

    Social Security Tax Rate: Employees

    2021 Tax Rates : 6.2%

    Social Security Tax Rate: Self-Employed

    2021 Tax Rates : 15.3%

    Maximum Taxable Earnings

    2021 Tax Rates : $142,800

    Medicare Base Salary

    2021 Tax Rates : Unlimited

    Medicare Tax Rate: Employers

    2021 Tax Rates : 1.45%

    Medicare Tax Rate: Employees

    2021 Tax Rates : 1.45%

    Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)

    2021 Tax Rates : 0.9%

    Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)

    2021 Tax Rates : 3.8%

    Business expensing limit: Cap on equipment purchases

    2021 Tax Rates : $2,620,000

    Business expensing limit: New and Used Equipment and Software

    2021 Tax Rates : $1,050,000

    Qualified Business Income threshold amount:

    2021 Tax Rates : $164,925 (single and head of household); $329,800 (married filing joint return)

    Qualified Small Employer Health Reimbursement Arrangement limit:

    2021 Tax Rates : $5,300 (single coverage); $10,700 (family coverage)

    Prior-year safe harbor for estimated taxes of higher-income

    2021 Tax Rates : 110% of your 2020 tax liability

    Standard mileage rate for business driving

    2021 Tax Rates : 56 cents

    Standard mileage rate for medical driving

    2021 Tax Rates : 16 cents

     

    Standard mileage rate for moving driving – Members of the Armed Forces on active duty who move because of a permanent change of station

    2021 Tax Rates : 16 cents

    Standard mileage rate for charitable driving

    2021 Tax Rates : 14 cents

    Child Tax Credit

    2021 Tax Rates : $2,000

    Unearned income maximum for children under 19 before kiddie tax applies

    2021 Tax Rates : $1,100

    Maximum capital gains tax rate for taxpayers with income up to $40,400 for single filers, $80,800 for married filing jointly

    2021 Tax Rates : 0%

    Maximum capital gains tax rate for taxpayers with income above $40,400 for single filers, $80,800 for married filing jointly

    2021 Tax Rates : 15%

    Maximum capital gains tax rate for taxpayers with income above $445,850 for single filers, $501,600 for married filing jointly

    2021 Tax Rates : 20%

     

    Capital gains tax rate for unrecaptured Sec. 1250 gains

    2021 Tax Rates : 25%

    Capital gains tax rate on collectibles

    2021 Tax Rates : 28%

    Maximum contribution for Traditional/Roth IRA

    2021 Tax Rates :
    $6,000 if under age 50
    $7,000 if 50 or older

    Maximum employee contribution to SIMPLE IRA

    2021 Tax Rates :
    $13,500 if under age 50
    $16,500 if 50 or older

    Maximum Contribution to SEP IRA

    2021 Tax Rates : 25% of eligible compensation up to $58,000

    401(k) maximum employee contribution limit

    2021 Tax Rates :
    $19,500 if under age 50
    $26,000 if 50 or older

    Estate tax exemption

    2021 Tax Rates : $11,700,000

    Annual Exclusion for Gifts

    2021 Tax Rates : $15,000

    American Opportunity Credit (Hope)

    2021 Tax Rates : $2,500

    Lifetime Learning Credit

    2021 Tax Rates : $2,000

    Student Loan Interest Deduction

    2021 Tax Rates : $2,500

    Coverdell Education Savings Contribution

    2021 Tax Rates : $2,000

    Source: IRS Revenue Procedure 2020-45

    Standard Meal Rates for Family Child Care Providers for income tax returns

    For each breakfast

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $1.39

    For each lunch or supper

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $2.61

    For each snack (up to 3 per day for each child)

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $0.78

    Source: Federal Register

    For each breakfast

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $2.22

    For each lunch or supper

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $4.24

    For each snack (up to 3 per day for each child)

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $1.26

    Source: Federal Register

    For each breakfast

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $1.62

    For each lunch or supper

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $3.06

    For each snack (up to 3 per day for each child)

    2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $0.91

    Source: Federal Register

    What Our Customers Say

    We believe that our clients’ success equals our success. We understand you and your business' needs.
    Tax Rates | IRS Tax Resolution | Manay CPA Atlanta

    Tax Rates

    Every year, tax rates adjust.

    Take a peek at the tax rates for this year. Don’t miss any arrangements, don’t pay too much or too little.

    To get a free consultation or start working with us, fill out the form.






      2021 Tax Rates – Single Taxpayers – Standard Deduction $12,550 2021 Rates

      0 to $9,950

      $9,950 to $40,525

      $40,525 to $86,375

      $86,375 to $164,925

      $164,925 to $209,425

      $209,425 to $523,600

      Over $518,400

      2021 Tax Rates – Married Jointly & Surviving Spouses – Standard Deduction $25,100

      0 to $19,900

      $19,900 to $81,050

      $81,050 to $172,750

      $172,750 to $329,850

      $329,850 to $418,850

      $418,850 to $628,300

      Over $628,300

      2021 Tax Rates – Married Filing Separately – Standard Deduction $12,550

      0 to $9,950

      $9,950 to $40,525

      $40,525 to $86,375

      $86,355 to $164,925

      $164,925 to $209,425

      $209,425 to $314,150

      Over $314,150

      2021 Tax Rates – Head of Household – Standard Deduction $18,800

      0 to $14,200

      $14,200 to $54,200

       

      $54,200 to $86,350

       

      $86,350 to $164,900

       

      $164,900 to $209,400

       

      $209,400 to $523,600

       

      Over $523,600

       

      2021 Tax Rates – Estates & Trusts

      0 to $2,650

       

      $2,650 to $9,550

      $9,550 to $13,050

      Over $13,050

      Social Security Tax Rate: Employers

      2021 Tax Rates : 6.2%

      Social Security Tax Rate: Employees

      2021 Tax Rates : 6.2%

      Social Security Tax Rate: Self-Employed

      2021 Tax Rates : 15.3%

      Maximum Taxable Earnings

      2021 Tax Rates : $142,800

      Medicare Base Salary

      2021 Tax Rates : Unlimited

      Medicare Tax Rate: Employers

      2021 Tax Rates : 1.45%

      Medicare Tax Rate: Employees

      2021 Tax Rates : 1.45%

      Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)

      2021 Tax Rates : 0.9%

      Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)

      2021 Tax Rates : 3.8%

      Business expensing limit: Cap on equipment purchases

      2021 Tax Rates : $2,620,000

      Business expensing limit: New and Used Equipment and Software

      2021 Tax Rates : $1,050,000

      Qualified Business Income threshold amount:

      2021 Tax Rates : $164,925 (single and head of household); $329,800 (married filing joint return)

      Qualified Small Employer Health Reimbursement Arrangement limit:

      2021 Tax Rates : $5,300 (single coverage); $10,700 (family coverage)

      Prior-year safe harbor for estimated taxes of higher-income

      2021 Tax Rates : 110% of your 2020 tax liability

      Standard mileage rate for business driving

      2021 Tax Rates : 56 cents

      Standard mileage rate for medical driving

      2021 Tax Rates : 16 cents

       

      Standard mileage rate for moving driving – Members of the Armed Forces on active duty who move because of a permanent change of station

      2021 Tax Rates : 16 cents

      Standard mileage rate for charitable driving

      2021 Tax Rates : 14 cents

      Child Tax Credit

      2021 Tax Rates : $2,000

      Unearned income maximum for children under 19 before kiddie tax applies

      2021 Tax Rates : $1,100

      Maximum capital gains tax rate for taxpayers with income up to $40,400 for single filers, $80,800 for married filing jointly

      2021 Tax Rates : 0%

      Maximum capital gains tax rate for taxpayers with income above $40,400 for single filers, $80,800 for married filing jointly

      2021 Tax Rates : 15%

      Maximum capital gains tax rate for taxpayers with income above $445,850 for single filers, $501,600 for married filing jointly

      2021 Tax Rates : 20%

       

      Capital gains tax rate for unrecaptured Sec. 1250 gains

      2021 Tax Rates : 25%

      Capital gains tax rate on collectibles

      2021 Tax Rates : 28%

      Maximum contribution for Traditional/Roth IRA

      2021 Tax Rates :
      $6,000 if under age 50
      $7,000 if 50 or older

      Maximum employee contribution to SIMPLE IRA

      2021 Tax Rates :
      $13,500 if under age 50
      $16,500 if 50 or older

      Maximum Contribution to SEP IRA

      2021 Tax Rates : 25% of eligible compensation up to $58,000

      401(k) maximum employee contribution limit

      2021 Tax Rates :
      $19,500 if under age 50
      $26,000 if 50 or older

      Estate tax exemption

      2021 Tax Rates : $11,700,000

      Annual Exclusion for Gifts

      2021 Tax Rates : $15,000

      American Opportunity Credit (Hope)

      2021 Tax Rates : $2,500

      Lifetime Learning Credit

      2021 Tax Rates : $2,000

      Student Loan Interest Deduction

      2021 Tax Rates : $2,500

      Coverdell Education Savings Contribution

      2021 Tax Rates : $2,000

      Source: IRS Revenue Procedure 2020-45

      Standard Meal Rates for Family Child Care Providers for income tax returns

      For each breakfast

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $1.39

      For each lunch or supper

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $2.61

      For each snack (up to 3 per day for each child)

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $0.78

      Source: Federal Register

      For each breakfast

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $2.22

      For each lunch or supper

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $4.24

      For each snack (up to 3 per day for each child)

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $1.26

      Source: Federal Register

      For each breakfast

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $1.62

      For each lunch or supper

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $3.06

      For each snack (up to 3 per day for each child)

      2020-21 Tax Rates (July 1, 2020-June 30, 2021) : $0.91

      Source: Federal Register

      What Our Customers Say

      We believe that our clients’ success equals our success. We understand you and your business' needs.