FOX: The IRS on Monday released the updated tax brackets for the 2021 filing season, which have been modified to reflect inflation.
Taxpayers fall into one of seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. While those rates will remain unchanged in 2021, the tax brackets have been indexed to keep pace with cost-of-living adjustments.
These rates are in effect for 2021 and will be used to prepare your tax returns in 2022. You can find the tax brackets for 2020 here.
Here’s a closer look at the new rates:
china should pay my tax for 2020
As a Senator, Joe Biden voted to have Social Security benefits taxed.
Taxes like the military should be voluntary!
I can hardly wait to get my 37% increase in SSI benefits…..
before 1983, social security was not taxable. Joe Biden voted successfully in favor of taxing 50% of social security.
in 1993, Joe Biden was the deciding vote in raising taxes on social security from 50% to 85%.
Someone at the IRS needs a good swift kick right between the big toes. Lowering tax rates brings in more revenue for government, these rates reflect head up rear stupidity!