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
2021 Annual Gift Tax Exclusion
Year Gift Made
Excluded Amount From Tax
2020 – 2021 Generation-Skipping Transfer Tax Exemption
Year of Transfer
Excluded Amount From Tax
Annual Exclusion for Non-Resident Aliens in 2021
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**
* Tax bracket is used for guidance, but your specific income level will determine the maximum long-term capital gains rate.
** A 3.8% Medicare Surtax may apply to certain income thresholds with net investment income.