Pocket Reference for Federal and California Taxes

2021 Federal Tax Rate Schedules (cont.)

Pocket Reference for

Federal and California Taxes

2021 Federal Personal Exemption . . . . . . . . . . . . . . N/A

2021 Federal Tax Rate Schedules

Single

If taxable income is:

Tax is:

Over

But not over

$

0 $ 9,950 $

0.00

plus

9,950

40,525

995.00

plus

40,525

86,375

4,664.00

plus

86,375

164,925

14,751.00

plus

164,925

209,425

33,603.00

plus

209,425

523,600

47,843.00

plus

523,600

and over 157,804.25

plus

10%

12%

22%

24%

32%

35%

37%

Of amount

over:

$

0

9,950

40,525

86,375

164,925

209,425

523,600

Married Filing Separate

If taxable income is:

Tax is:

Of amount

Over

But not over

over:

$

0 $ 9,950 $

0.00

plus

10% $

0

9,950

40,525

995.00

plus

12%

9,950

40,525

86,375

4,664.00

plus

22%

40,525

86,375

164,925

14,751.00

plus

24%

86,375

164,925

209,425

33,603.00

plus

32%

164,925

209,425

314,150

47,843.00

plus

35%

209,425

314,150

and over

84,496.75

plus

37%

314,150

Married Filing Joint and Surviving Spouse

If taxable income is:

Tax is:

Of amount

Over

But not over

over:

$

0 $ 19,900 $

0.00

plus

10% $

0

19,900

81,050

1,990.00

plus

12%

19,900

81,050

172,750

9,328.00

plus

22%

81,050

172,750

329,850

29,502.00

plus

24%

172,750

329,850

418,850

67,206.00

plus

32%

329,850

418,850

628,300

95,686.00

plus

35%

418,850

628,300

and over 168,993.50

plus

37%

628,300

Unmarried Head of Household

If taxable income is:

Tax is:

Of amount

Over

But not over

over:

$

0 $ 14,200 $

0.00

plus

10% $

0

14,200

54,200

1,420.00

plus

12%

14,200

54,200

86,350

6,220.00

plus

22%

54,200

86,350

164,900

13,293.00

plus

24%

86,350

164,900

209,400

32,145.00

plus

32%

164,900

209,400

523,600

46,385.00

plus

35%

209,400

523,600

and over 156,355.00

plus

37%

523,600

2021 Federal Standard Deductions

(Taxpayer not a dependent)

Single . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Married filing separate . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Married filing joint and surviving spouse . . . . . . . . . . . . . . .

Head of household . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$12,550

$12,550

$25,100

$18,800

2021 Federal Additional Standard Deductions

for Blind and/or Elderly Taxpayers

Single and head of household

Blind or elderly . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Blind and elderly . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Married taxpayers filing joint, married filing

separate, and surviving spouse

Blind or elderly (per taxpayer) . . . . . . . . . . . . . . . . . .

Blind and elderly (per taxpayer) . . . . . . . . . . . . . . . .

$1,700

$3,400

$1,350

$2,700

2021 Federal Exemption Deduction Phaseouts and

Reductions in Itemized Deductions

Federal AGI exceeds

Filing status:

Exemption

Itemized deductions

Single . . . . . . . . . . . . . . . . . . . . . .N/A . . . . . . . . . . . . . . Repealed

Married filing separate . . . . . . . . . N/A . . . . . . . . . . . . . . Repealed

Married filing joint and

surviving spouse . . . . . . . . . . . N/A . . . . . . . . . . . . . . Repealed

Head of household . . . . . . . . . . . N/A . . . . . . . . . . . . . . Repealed

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2021 Federal Filing Requirements for Most Taxpayers

Filing status

Gross income at least:

Single

Under 65.........................................................................$12,550

65 or older......................................................................$14,250

Married filing separate (spouse itemizes).....................................$1

Married filing separate (spouse does not itemize)...............$12,550

Married filing joint

Both under age 65..........................................................$25,100

One spouse 65 or older..................................................$26,450

Both spouses 65 or older...............................................$27,800

Head of household

Under 65.........................................................................$18,800

65 or older......................................................................$20,500

Surviving spouse

Under 65.........................................................................$25,100

65 or older......................................................................$26,450

2021 California Standard Deductions

(Taxpayer not a dependent)

Single and married/RDP filing separate.................................$4,803

Married/RDP filing joint, surviving spouse,

and head of household.....................................................$9,606

2021 California Tax Rate Schedules

Note: California has a 1% surtax on taxable income above $1 million

(all filing statuses).

Single, Married/RDP Filing Separate, and Fiduciaries

If taxable income is:

Tax is:

Of amount

Over

But not over

over:

$

0 $ 9,325

$

0

plus 1.00% $

0

9,325

22,107

93.25

plus 2.00%

9,325

22,107

34,892

348.89

plus 4.00%

22,107

34,892

48,435

860.29

plus 6.00%

34,892

48,435

61,214

1,672.87

plus 8.00%

48,435

61,214

312,686

2,695.19

plus 9.30%

61,214

312,686

375,221

26,082.09

plus 10.30%

312,686

375,221

625,369

32,523.20

plus 11.30%

375,221

625,369

and over

60,789.92

plus 12.30%

625,369

Married/RDP Filing Joint and Surviving Spouse with Dependent(s)

If taxable income is:

Tax is:

Of amount

Over

But not over

over:

$

0 $ 18,650

$

0

plus 1.00% $

0

18,650

44,214

186.50

plus 2.00%

18,650

44,214

69,784

697.78

plus 4.00%

44,214

69,784

96,870

1,720.58

plus 6.00%

69,784

96,870

122,428

3,345.74

plus 8.00%

96,870

122,428

625,372

5,390.38

plus 9.30%

122,428

625,372

750,442

52,164.17

plus 10.30%

625,372

750,442 1,250,738

65,046,38

plus 11.30%

750,442

1,250,738 and over 121,579.83

plus 12.30% 1,250,738

2021 California Tax Rate Schedules (cont.)

Unmarried Head of Household

If taxable income is:

Tax is:

Of amount

Over

But not over

over:

$

0 $ 18,663

$

0

plus 1.00% $

0

18,663

44,217

186.63

plus 2.00%

18,663

44,217

56,999

697.71

plus 4.00%

44,217

56,999

70,542

1,208.99

plus 6.00%

56,999

70,542

83,324

2,021.57

plus 8.00%

70,542

83,324

425,251

3,044.13

plus 9.30%

83,324

425,251

510,303

34,843.34

plus 10.30%

425,251

510,303

850,503

43,603.70

plus 11.30%

510,303

850,503

and over

82,046.30

plus 12.30%

850,503

Exemption Credits

Married/RDP filing joint, surviving spouse,

blind, and age 65 or older . . . . . . . . . . . . . . . . . . . . . . . . . $258

Single, married/RDP filing separate, and head of household . . . $129

Dependent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $400

Exemption Credit Phaseouts and

Reductions in Itemized Deductions

Filing status:

Federal AGI exceeds:

Single and married/RDP filing separate.............................$212,288

Head of household.............................................................$318,437

Married/RDP filing joint and surviving spouse...................$424,581

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