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Here are the new income tax brackets for 2021

Finance
2021 marginal income tax ratesIndividual Income Tax Rates Single Married Filing Jointly Head of Household 10%0 to $ 99500 to $ 1912%$ 9951 to $ 4052522%$ 40526 to $ 8637524%$ 86376 to $ 16492532%$ 164926 to $ 20942535%$ 209426 to $ 52360037%Over $ 523600Over $ 628We still have two months left in 2020, but the IRS has already released a breakdown of next year's marginal income tax rates.Each year, the taxman updates its individual income tax brackets to reflect inflation. There are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%.     These brackets are marginal, which means that different portions of your income — up to a specified dollar amount — will be taxed at a different rate.These rates are in effect for 2021 and will affect the returns you ...