Keyword Analysis & Research: 2021 federal tax brackets 2021


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What is the lowest federal tax bracket?

Federal income tax; 2020 Federal income tax brackets* 2020 Federal income tax rates; $48,535 or less. 15%. $48,535 to $97,069. 20.5%. $97,069 to $150,473. 26%. $150,473 to $214,368: 29%: More than $214,368. 33% * These amounts are adjusted for inflation and other factors in each tax year.

What is the current federal tax rate?

Federal tax rates, like income tax, Social Security (6.2% each for both employer and employee), and Medicare (1.45% each), are set by the IRS. However, each state specifies its own tax rates. Below is a state-by-state map showing rates for taxes, including supplemental taxes and workers’ compensation.


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