2021 Federal Tax Rates

2021 Federal Tax Rates

Tax Rate Single Filers Married Filing Jointly Married Filing Separately Head of Household
10% Up to $9,950 Up to $19,900 Up to $9,950 Up to $14,200
12% $9,951 – 40,525 $19,901 – 81,050 $9,951 – 40,525 $14,201 – 54,200
22% $40,526 – 86,375 $81,051 – 172,750 $40,526 – 86,375 $54,201 – 86,350
24% $86,376 – 164,925 $172,751 – 329,850 $86,376 – 164,925 $86,351 – 164,900
32% $164,926 – 209,425 $329,851 – 418,850 $164,926 – 209,425 $164,901 – 209,400
35% $209,426 – 523,600 $418,851 – 628,300 $209,426 – 523,600 $209,401 – 523,600
37% $523,600 or more $628,300 or more $523,600 or more $523,600 or more

2020 – 2021 Estate Tax Exemption Rate

Year of Death Estate Tax Exemption Maximum Rate on Estate Greater Than Exemption
2020 $11,580,000 40%
2021 $11,700,000 40%

2021 Annual Gift Tax Exclusion

Year Gift Made Excluded Amount From Tax
2021 $15,000

2020 – 2021 Generation-Skipping Transfer Tax Exemption

Year of Transfer Excluded Amount From Tax
2020 $11,580,000
2021 $11,700,000

Annual Exclusion for Non-Resident Aliens in 2021

Type of Gift Exemption
Annual exclusion Gifts to Person Other Than Spouse $15,000
Annual Gifts to Citizen Spouse Unlimited
Annual Gifts to Non-Citizen Spouse $159,000

Long-Term Capital Gains Rate

Tax Bracket* Maximum Tax Rate**
22% – 35% 15%
35% – 37% 20%

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