In brief There are seven federal income-tax brackets with tax rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your tax rate is based on your taxable income, after benefits such as the standard ...

Married filers with income under $80,801 get to claim the 0% tax bracket for long-term capital gains. Take a look at the 2021 long-term capital gains rates to see what it takes to unlock the ...

Bitcoin (CRYPTO: BTC) has reached record highs in 2021, leaving investors with portfolio balances that may have quadrupled in value. If you hit the sell button on your Bitcoin investments this ...

For 2021, the tax bracket thresholds were increased by approximately 1% over 2020 levels. To clarify, the 2021 tax brackets are the rates that will determine your income tax in 2021, which is the ...

Individual taxpayers can also postpone federal income tax payments for the 2020 tax year due on April 15, 2021, to May 17, 2021, without penalties and interest, regardless of the amount owed.

After that, you’ll pay a higher rate, but only on the amount that you earn above the previous tax bracket. So, for example, individual taxpayers earning $9,875 to $40,125 are in the 12% tax ...

TROY, Mich.: 14 Oct. 2021 — The adage that “life insurance is sold, not bought” may have met its match in the one-two punch of the COVID-19 pandemic and a federal tax code change that makes it ...

A special tax break available to most taxpayers, approved by Congress for the 2020 tax year as part of the pandemic relief program, was extended through 2021. That means individual taxpayers can ...

It’s possible to have too much tax deferral. Here are some tax-smart moves to make instead. Last Updated: June 10, 2021 at 12:59 p.m. ET First Published: June 3, 2021 at 12:03 a.m. ET ...

Ohio residents will now have till May 17, about an extra month, to file and pay individual income taxes for the 2020 tax year, Tax Commissioner Jeff McClain announced Wednesday.

Guidance on extension to file and pay individual income tax: Filing deadline extended: The deadline to file individual income tax returns has been extended from April 15, 2021, to May 17, 2021.

President Biden’s proposed top income tax bracket of 39.6 percent would impact single filers with income above about $453,000 and married couples with income above roughly $509,000, a White ...