Get plugged in with Past Tax Facts.

PositionINSERT HERE

Welcome to our annual, at-a-glance compilation of federal and state tax information. User-friendly tan rate schedules, facts, figures and assorted data make this time-sauing section a handy companion. Keep it within arm's reach as you enter the upcoming busy season.

2021 TAX DATA SCHEDULE 2021 2021 Federal California Standard Deductions Single $12,550 $4,803 Married Filing Jointly, Surviving Spouse 25,100 9,606 Married Filing Separately 12,550 4,803 Head of Household 18,800 9,606 Additional for Age 65 and Older or Blind-Married 1,350 Additional for Age 65 and Older or Blind-Unmarried 1,700 (per individual for each situation, age or blind) Taxpayer Claimed as a Dependent: 1,100 1,100 Personal or Dependent Exemption Suspended for tax years 2018-2025 Maximum Child Tax Credit (qualifying child under age 17) Single/Head of Household/Married $2,000 Filing Separate AGI Phaseout: $200,000 - 240,000 Married Filing Jointly 2,000 AGI Phaseout: $400,000 - 440,000 Refundable Portion of Child Tax Credit 3,000 "Kiddie Tax" Unearned Income Exemption 1,100 California Exemption Credits Single, Married Filing Separately, $129 Head of Household Married Filing Jointly, Surviving Spouse 258 Dependent 400 Blind or Age 65 and Older 129 Senior Head of Household Credit 2% of California taxable income, $1,565 with maximum credit of California AGI threshold of $83,039 California Joint Custody Head of $513 Household Credit and Dependent Parent Credit 30% of net tax with maximum credit of California Young Child Tax Credit For children younger than 6 years $1,000 old on the last day of the tax year AGI phaseout $25,000 - $30,000 with a max credit of California Renter's Credit $120 Married Filing Jointly, Head of Household, $60 Surviving Spouse if AGI is below $90,896 Single or Married Filing Separately if AGI is below $45,448 IRC Section 179 Deduction $1,050,000 $25,000 Sec, 179 Purchase Phaseout $2,620,000 $200,000 Beginning of Personal Exemption Phase-out N/A $212,288 Range-Based on Federal AGI N/A 424,581 Single N/A 212,288 Married Filing Jointly, Surviving Spouse N/A 318,437 Married Filing Separately Head of Household Beginning of Itemized Deduction Phase-out Range-Based on Federal AGI Single Limitation on $212,288 Married Filing Jointly, Surviving Spouse federal 424,581 Married Filing Separately itemized 212,288 Head of Household deductions is 318,437 Rate Reduced over federal AGI limits suspended for 6% tax years 2018-2025 Schedule A Medical Deduction 75% 75% Based...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT