Federal Income tax (Individual)




Rate

                                   


Taxable Income (Single)



to $9,950
10%

to $40,525
12%

to $86,375
22%

to $164,925
24%

to $209,425
32%

to $523,600
35%

over
37%




Taxable Income (Married Filing Jointly)




to $19,900
10%

to $81,050
12%

to $172,750
22%

to $329,850
24%

to $418,850
32%

to $628,300
35%

over
37%




Long term Capital Gain  & Qualified dividends:





Individual (Single)


to $40,400
0%

to $445,850
15%

over
20%

Individual (Married Filing Jointly)


to $80,800
0%

to $501,600
15%

over
20%




Net Investment Income Tax





after $200,000 net investment income (Single)
3.8%

after $250,000 taxable net investment (Married Filing Jointly)
3.8%




Corporation Tax



21%




Self-Employment tax



15.3%




Payroll taxes





Social security 
6.2% of first $142,800

Medicare 
1.45%

Medicare surtax (income >$200,000)
0.9%

Federal Unemployment
0.6% of first $7000




Estate & Trust





to $2,650
10%

to $9,550
24%

to $13,050
35%

over
37%




Annual gift tax exclusion
$15,000

Federal Estate Exemption
$11,700,000




Standard Deduction





Single
$12,550

Married Filing Jointly
$25,100




Education Credit





Lifetime learning credit
max

up to $80,000 taxable income (Single)
$2,000

up to $160,000 taxable income  (Married Filing Jointly)
$2,000




American Opportunity credit
max

up to $80,000 taxable income (Single)
$2,000

up to $160,000 taxable income  (Married Filing Jointly)
$2,000




Child credit





Child tax credit (child under 6 years old)
$3,600

Child tax credit (child between 6 - 17 years)
$3,000

Child and dependent care credit
$4,000



Business mileage rate deduction



56c /business mile






Home Office Deduction

(up to 300 square feet)



$5/business square foot




Retirement





401K contribution (under age 50)
$19,500

401K contribution (age 50 and above)
$26,000

SEP contribution
$58,000

IRA & Roth IRA contribution (<50)
$6,000

IRA & Roth IRA contribution (50+)
$7,000





Tax free social security benefits





Single
$25,000

Married Filing jointly
$32,000







Foreign Earned Income Exclusion
$108,700







Updated  - November 17th, 2021

USA Federal Tax rates & Tax credits (2021 Tax Year)

Les barèmes d'imposition & déductions fiscales (Année fiscale 2021)