US Tax Rates for 2021 - Form 1040 Tax Rate Tables

The IRS released the relevant tax rate tables for your Form 1040 Income Tax Return for the 2021 tax year.

The filing deadline for Form 1040 is April 15, 2022, but you can file an extension via Form 4868 if you need more time to gather your information and file your taxes.

The U.S. uses a marginal tax rate system, which means you are taxed at certain rates based upon the last dollar earned.

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.