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  2. The federal tax brackets for 2021 are as follows12:
    • 10%: Taxable income up to $9,950
    • 12%: Taxable income between $9,950 to $40,525
    • 22%: Taxable income between $40,525 to $86,375
    • 24%: Taxable income between $86,375 to $164,925
    • 32%: Taxable income between $164,925 to $209,425
    • 35%: Taxable income between $209,425 to $523,600
    • 37%: Taxable income over $523,600
    Learn more:
    The federal tax brackets are broken down into seven (7) taxable income groups, based on your filing status. The tax rates for 2021 are: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
    www.irs.com/en/2021-federal-income-tax-rates-bra…

    For individual single taxpayers:

    • 10%: Taxable income up to $9,950
    • 12%: Taxable income between $9,950 to $40,525
    • 22%: Taxable income between $40,525 to $86,375
    • 24%: Taxable income between $86,375 to $164,925
    • 32% Taxable income between $164,925 to $209,425
    www.cnbc.com/2020/10/26/income-tax-brackets-fo…
     
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