Keyword Analysis & Research: 2021 tax brackets


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Frequently Asked Questions

What is the 7 tax brackets?

Under current law, the seven tax brackets are 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent and 39.6 percent.

What state has the most tax brackets?

Conversely, 32 states and the District of Columbia levy graduated-rate income taxes, with the number of brackets varying widely by state. Hawaii has 12 brackets, the most in the country. States' approaches to income taxes vary in other details as well.

What is the highest federal tax bracket?

Tax Brackets for income earned in 2020 37% for incomes over $518,400 ($622,050 for married couples filing jointly) 35%, for incomes over $207,350 ($414,700 for married couples filing jointly) 32% for incomes over $163,300 ($326,600 for married couples filing jointly) 24% for incomes over $85,525 ($171,050 for married couples filing jointly) More items...

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