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Here are the new income tax brackets for 2021 – CNBC

The IRS has released its inflation adjustments for the standard deduction next year, as well as the marginal income tax brackets. Here’s where you stand.



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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%.     
These brackets are marginal, which means that different portions of your income up to a specified dollar amount will be taxed at a different rate.
These rates are in effect for 2021 and will affect the returns you file…

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