IRS adjusts tax brackets annually to keep up with inflation and recently introduced tax brackets for 2021. The brackets show how increments of your income will be taxed. Don’t be confused, these tax brackets are not for tax returns due April 2021. Click here for 2020 tax bracket information. The 2021 federal income tax brackets are for the tax returns that you will file in 2022. While tax brackets can help you plan, ezTaxReturn.com will manage all rates and calculations when you use them to file.
The standard deduction is a fixed amount that lowers your taxable income. You can only claim it if you don’t itemize your deductions. The standard deduction amount varies based on your filing status, age and whether you can be claimed as a dependent by someone else. When you prepare your return with ezTaxReturn, we’ll compare your standard deduction against your itemized deductions so you choose the one that gives you the biggest savings.
Standard deduction amount
Head of household
Married filing jointly
Married filing separately
Alternative Minimum Tax (AMT) exemption
Everyone has to pay their fair share of taxes. If you earn more than the alternative minimum tax exemption amount, you have to calculate your taxes twice. Once using the standard rules and another time using the Alternative Minimum Tax. Then you have to pay whichever tax bill is higher.
Begins to phaseout at
Married filing jointly
Long-term capital gains tax rates
When you venture into the stock market and make money on your investments, Uncle Sam wants some of your profits. If you had the asset for over a year, you may owe 0%, 15% or 20% depending on your income.
Since 1999 ezTaxReturn has made it fast, easy and stress-free for millions of taxpayers to get the biggest possible refund. But don’t just take our word for it. Here are some of the thousands of quotes taken directly from our customers.
Safe, fast and easy tax filing without leaving home!
Whether you’re a seasoned pro or total newbie at doing taxes, ezTaxReturn makes it quick, easy, and safe to do your taxes from the comfort/safety of your own home. Millions of taxpayers have been using ezTaxReturn for stress-free filing and the biggest possible refund since 1999. Qualifying taxpayers can do a federal return FREE.