Financial Planning Limits and Tax Rate Schedules

2021 Edition

Addressing the complexities of financial planning can be difficult. To help, Janus Henderson has created a guide to assist with the latest tax rate schedules, comprehensive income tax exemptions and deductions, Social Security, Medicare, health care and retirement plan limits, and estate and gift tax planning amounts.

If Taxable Income Is: The The Gross Tax Payable Is:
Over But Not Over Amount Plus (Percent) Of The Amount Over
SINGLE TAXPAYERS (OTHER THAN SURVIVING SPOUSES AND HEADS OF HOUSEHOLDS)
$0 $9,950 $0 10% $0
$9,950 $40,525 $995 12% $9,950
$40,525 $86,375 $4,665 22% $40,525
$86,375 $164,925 $14,751 24% $86,375
$164,925 $209,425 $33,603 32% $164,925
$209,425 $523,600 $47,843 35% $209,425
$523,600 $157,804.25 37% $523,600
MARRIED INDIVIDUALS (AND SURVIVING SPOUSES) FILING JOINT RETURN
$0 $19,900 $0 10% $0
$19,900 $81,050 $1,990 12% $19,900
$81,050 $172,750 $9,328 22% $81,050
$172,750 $329,850 $29,502 24% $172,750
$329,850 $418,850 $67,206 32% $329,850
$418,850 $628,300 $95,686 35% $418,850
$628,300 $168,993.50 37% $628,300

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