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2021 Tax Brackets, Filing Requirements, Cutoffs, And
These are the tax brackets and other cutoffs for tax year 2021 filed in April 2022. Not all 2021 numbers have been released, and those still show 2020 data when indicated. 2020 tax brackets and cutoffs for taxes filed in April 2021 are here.
Actived: Friday Nov 20, 2020
Featured Articles January 2020 - Paramount Tax & Accounting
In 2020, a number of tax provisions are affected by inflation adjustments, including Health Savings Accounts, retirement contribution limits, and the foreign earned income exclusion. The tax rate structure, which ranges from 10 to 37 percent, remains similar to 2019; however, the tax-bracket thresholds increase for each filing status.
Why The New Tax Laws Are Like New Years Resolutions - Not
Why The New Tax Laws Are Like New Years Resolutions – Not All Of Them Will Last Although there was a great deal of press coverage of the latest tax reforms in the media over the last few weeks, it is critical that people realize that not all of these changes are permanent, and in that respect, financial planning needs to take this into consideration.
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