Here are the new income tax brackets for 2021
We still have two months left in 2020, but the IRS has already released a breakdown of next year’s marginal income tax rates.
Each year, the taxman updates its individual income tax brackets to reflect inflation. There are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Original Article Source Credits: CNBC , https://www.cnbc.com/
Article Written By: Darla Mercado, CFP®
Original Article Posted on: OCT 26 2020
Link to Original Article: https://www.cnbc.com/2020/10/26/here-are-the-new-income-tax-brackets-for-2021.html