Federal tax brackets 2021 mfj12/28/2023 However, some specified figures apply to transactions or events in calendar year 2021. You can not use this table if you take the standard deduction or if you itemize your deductions in calculating your net taxable income. These inflation adjustments generally apply to tax years beginning in 2021, so they affect most returns that will be filed in 2022. The IRS also provided inflation-adjusted amounts for the: The maximum foreign earned income exclusion amount in 2021 is $108,700. the maximum reduction for real property under the special valuation method is $1,190,000.Ģ021 Inflation Adjustments for Other Tax Items.the federal estate tax exclusion is $11,700,000 and. ![]()
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