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Income Tax Key Numbers

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Standard Deduction
2020
2021
Standard deduction amount
$24,800 (MFJ) $18,650 (HOH) $12,400 (Single/MFS)
$25,100 (MFJ) $18,800 (HOH) $12,550 (Single/MFS)
Standard deduction for dependent
Greater of $1,100 or $350 + earned income
Greater of $1,100 or $350 + earned income
Additional deduction for aged/blind
$1,650 (Single/HOH) $1,300 (MFJ/MFS)
$1,700 (Single/HOH) $1,350 (MFJ/MFS)
Top Tax Brackets
2020
2021
Single
37% of taxable income exceeding $518,400 + $156,235
37% of taxable income exceeding $523,600 + $157,804.25
Married Filing Jointly
37% of taxable income exceeding $622,050 + $167.307.50
37% of taxable income exceeding $628,300 + $168,993.50
Married Filing Separately
37% of taxable income exceeding $311,025 + $83,653.75
37% of taxable income exceeding $315,150 + $84,496.75
Head of Household
37% of taxable income exceeding $518,400 + $154,793.50
37% of taxable income exceeding $523,600 + $156,355
Top Capital Gain Tax Rate (20%) Thresholds
2020
2021
Single
$441,450
$445,850
Married Filing Jointly
$496,600
$501,600
Married Filing Separately
$248,300
$250,800
Head of Household
$469,050
$473,750

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