• Knowledge

    New Tax Brackets Available for 2021

    You should read the 2021 tax brackets to see which tax rates you will be charged if you are filing taxes for the first-time. This article will discuss filing as a Married Couple or Single. Based on marital status, you will also learn which income tax rate applies. This information will assist you in making the best financial decisions. File jointly You need to be aware of the new tax brackets in 2021 if your federal tax return is due. The new tax brackets apply to any income earned in 2021. Your taxable income and filing status will determine which tax bracket you fall into. This includes single, married filing…