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What's New on USTaxTips.net
The personal tax bracket thresholds were indexed for inflation by 4.4%. Tax rates remain unchanged.
The 2021 Federal tax rates are unchanged. Tax brackets are increased by 1% for inflation.
The IRS announced on August 17, 2020 that the 1040-X, Amended U.S. Individual Income Tax Return, can now be submitted electronically with commercial tax-filing software.
Help for taxpayers, businesses, tax-exempt organizations and others affected by coronavirus (COVID-19).
The filing date for filing income tax returns and paying income tax owing has been extended to July 15th.
The California tax brackets have been increased 3.1% for inflation, but tax rates have not changed.
The 2020 Federal tax rates are unchanged. The tax brackets are increased by 1.6% to 1.8% for inflation.
The 2019 tax rate tables reflect increases for inflation.
The California tax brackets have been increased for inflation, but tax rates have not changed.
Form 1040 is now used by all taxpayers, replacing the old Forms 1040, 1040A and 1040EZ. There are separate schedules to be completed for more complicated returns, but many people will not need to file any schedules. Of course, there are still separate forms for non-residents, estates and trusts, etc.
The 2018 tax rate tables reflect the changes from the Tax Cuts and Jobs Act (TCJA). Tax rates are reduced for many taxpayers, and standard deductions are increased.
Revised: December 26, 2021
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