| Status | Income Min | Income Max | Base Amount | Plus | of Income over |
| Single | $ - | $ 9,950 | $ - | 10.0% | $ - |
| $ 9,950 | $ 40,525 | $ 995.00 | 12.0% | $ 9,950 | |
| $ 40,525 | $ 86,375 | $ 4,664.00 | 22.0% | $ 40,525 | |
| $ 86,375 | $ 164,925 | $ 14,751.00 | 24.0% | $ 86,375 | |
| $ 164,925 | $ 209,425 | $ 33,603.00 | 32.0% | $ 164,925 | |
| $ 209,425 | $ 523,600 | $ 47,843.00 | 35.0% | $ 209,425 | |
| $ 523,600 | NA | $ 157,804.25 | 37.0% | $ 523,600 | |
| Head of Household | $ - | $ 14,200 | $ - | 10.0% | $ - |
| $ 14,200 | $ 54,200 | $ 1,420.00 | 12.0% | $ 14,200 | |
| $ 54,200 | $ 86,350 | $ 6,220.00 | 22.0% | $ 54,200 | |
| $ 86,350 | $ 164,900 | $ 13,293.00 | 24.0% | $ 86,350 | |
| $ 164,900 | $ 209,400 | $ 32,145.00 | 32.0% | $ 164,900 | |
| $ 209,400 | $ 523,600 | $ 46,385.00 | 35.0% | $ 209,400 | |
| $ 523,600 | NA | $ 156,355.00 | 37.0% | $ 523,600 | |
| Married Filing Jointly | $ - | $ 19,900 | $ - | 10.0% | $ - |
| $ 19,900 | $ 81,050 | $ 1,990.00 | 12.0% | $ 19,900 | |
| $ 81,050 | $ 172,750 | $ 9,328.00 | 22.0% | $ 81,050 | |
| $ 172,750 | $ 329,850 | $ 29,502.00 | 24.0% | $ 172,750 | |
| $ 329,850 | $ 418,850 | $ 67,206.00 | 32.0% | $ 329,850 | |
| $ 418,850 | $ 628,300 | $ 95,686.00 | 35.0% | $ 418,850 | |
| $ 628,300 | NA | $ 168,993.50 | 37.0% | $ 628,300 |
| Long-Term Capital Gains Tax Rate | Single | Married Filing Jointly | Head of Household |
| 0.0% | $ 40,400 | $ 80,800 | $ 54,100 |
| 15.0% | $ 445,850 | $ 501,600 | $ 473,750 |
| 20.0% | N/A | N/A | N/A |
| Type | Amount | Catchup (over 50) | Comment |
| 401k, 403b, eligible 457 salary deferrals | $ 19,500 | $ 6,500 | |
| Total Defined Contrib Limit | $ 58,000 | $ 6,500 | |
| Defined Contrib Income Limit | $ 290,000 | ||
| SIMPLE 401k, SIMPLE IRA salary deferrals | $ 13,500 | $ 3,000 | |
| Defined Benefit Limit | $ 230,000 | ||
| IRA (Combination of Deductible, Roth, & Non-Deductible) | $ 6,000 | $ 1,000 | Deductibiliy, and ability to contribute to a Roth IRA is phased out by AGI (see Phaseouts) |
| Child Tax Credit | $ 2,000* | Per Child under age 17. Phased out by AGI (see Phaseouts)* | |
| Max Child or Dependent Care Credit Qualifying Expenses - one child | $ 3,000** | ||
| Max Child or Dependent Care Credit Qualifying Expenses - > one child | $ 6,000** | ||
| Adoption Credit | $ 14,400 | Phased out by AGI (see Phaseouts) | |
| Lifetime Learning Credit Maximum | $ 2,000 | Phased out by AGI (see Phaseouts) | |
| American Opportunity Credit Maximum | $ 2,500 | Amended by AARTA (2009)Phased out by AGI (see Phaseouts) |
*For 2021 only, ARPA updated this amount to $3600 for children under 6 and $3000 for children 6-17 (by end of 2021)
** For 2021 only, ARPA increased this amount to $4000/$8000 and increased the % of expenses used to calc the credit.
| Type | Status | Phaseout Begins | Phaseout Ends | Comment |
| Roth IRA Contribution Limits | Single | $ 125,000 | $ 140,000 | |
| Married Filing Jointly | $ 198,000 | $ 208,000 | ||
| Traditional IRA - Qualified Plan Participant - Deductibility Limits | Single | $ 66,000 | $ 76,000 | |
| Married Filing Jointly | $ 105,000 | $ 125,000 | ||
| Deductible IRA - Spouse Qualified Plan Participant | Married Filing Jointly | $ 198,000 | $ 208,000 | |
| AMT Exemption | Single / HoH | $ 523,600 | $ 818,000 | Phased out $1 for every $4 of AMTI over threshold. |
| Married Filing Jointly | $ 1,047,200 | $ 1,505,600 | ||
| Child Tax Credit** | Single / HoH | $ 200,000 | $ 240,000 | Based on MAGI, not AGI (not indexed for inflation) |
| Married Filing Jointly | $ 400,000 | $ 440,000 | ||
| Savings Bond Interest Exemption (for edu) | Single | $ 83,200 | $ 98,200 | |
| Married Filing Jointly | $ 124,800 | $ 154,800 | ||
| Student Loan Interest Deduction | Single | $ 70,000 | $ 85,000 | |
| Married Filing Jointly | $ 140,000 | $ 170,000 | ||
| Saver's Credit | Single | $ 33,000 | N/A | |
| Head of Household | $ 49,500 | N/A | ||
| Married Filing Jointly | $ 66,000 | N/A | ||
| Qualified Businss Income | Single | $ 164,900 | $ 214,900 | |
| Married Filing Jointly | $ 329,800 | $ 429,800 | ||
| American Opportunity Credit | Single | $ 80,000 | $ 90,000 | Amended by AARTA (2009) |
| Married Filing Jointly | $ 160,000 | $ 180,000 | ||
| Adoption Credit | All | $ 216,600 | $ 256,660 | |
| Lifetime Learning Credit | Single | $ 80,000 | $ 90,000 | Updated by the 2021 Consolidated Appropriations Act |
| Married Filing Jointly | $ 160,000 | $ 180,000 |
**For 2021 only, the enhanced Child Tax Credit (the extra $1000 or $1600 per child noted above) begins to phase out at $75k Single, $112,500 HoH, and $150k MFJ. The amount of the credit is reduced by $50 for each $1,000 (or fraction thereof) of AGI over the applicable threshold amount.
| Item | Status | Amount | Comment |
| Personal & Dependent Exemption | All | $ - | Eliminated by TCJA ($4300 for other places in the tax code) |
| AMT Exemption | Single or HoH | $ 73,600 | Now permanent and indexed for inflation (ATRA 2013). |
| Married Filing Jointly | $ 114,600 | ||
| Standard Deduction | Single | $ 12,550 | |
| Head of Household | $ 18,800 | ||
| Married Filing Jointly | $ 25,100 | ||
| Add'l SD if Age >=65 or blind | Single | $ 1,700 | |
| Married Filing Jointly | $ 1,300 | ||
| Social Security Wage Base | All | $ 142,800 | |
| Kiddie Tax Income Limit | All | $ 1,100 | |
| Nanny Tax Threshold | All | $ 2,300 | |
| Qualified Transportation Fringe | All | $ 270 | Monthly transportation in a commuter highway vehicle and any transit pass |
| Student Loan Interest Deduction Maximum | All | $ 2,500 | Phased out by AGI (see Phaseouts) |
| Annual Gift Tax Exclusion | All | $ 15,000 | |
| Lifetime Gift / Estate Tax Exemption | All | $ 11,700,000 | |
| Foreign Earned Income Exclusion | All | $ 108,700 | |
| Highly Compensated Employee | All | $ 130,000 | |
| Key Employee | All | $ 185,000 | |
| Health FSA Max | All | $ 2,750 | Max carryover (if plan allowed) is $550 |
| PBGC Max Monthly Pension (age 65) | All | $ 6,034 | Age 65 Stright Life Annuity Amount |
| Section 179 Max Deduction | All | $ 1,050,000 | Expensing of business property rather than depreciating it over time. Phased out $ for $ if property totals >$2.62M. |
| HDHP Min Deductible | Single | $ 1,400 | |
| Married Filing Jointly | $ 2,800 | ||
| HSA Contribution Limit | Single | $ 3,600 | Add'l $1k catch-up contribution allowed for those over age 54 |
| Married Filing Jointly | $ 7,200 | ||
| Mileage Rate | Business | $ 0.560 | |
| Med & Move | $ 0.160 | ||
| Charity | $ 0.140 |
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