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Jamie is single. In 2021, she reported $100,000 of taxable income, including a long-term capital gain of $5,000. What is her gross tax liability? 2021
Jamie is single. In 2021, she reported $100,000 of taxable income, including a long-term capital gain of $5,000. What is her gross tax liability?
2021 Tax Rate Schedules
Individuals
Schedule X-Single
If taxable income is over: | But not over: | The tax is: |
---|---|---|
$ 0 | $ 9,950 | 10% of taxable income |
$ 9,950 | $ 40,525 | $995 plus 12% of the excess over $9,950 |
$ 40,525 | $ 86,375 | $4,664 plus 22% of the excess over $40,525 |
$ 86,375 | $ 164,925 | $14,751 plus 24% of the excess over $86,375 |
$ 164,925 | $ 209,425 | $33,603 plus 32% of the excess over $164,925 |
$ 209,425 | $ 523,600 | $47,843 plus 35% of the excess over $209,425 |
$ 523,600 | $157,804.25 plus 37% of the excess over $523,600 |
Schedule Y-1-Married Filing Jointly or Qualifying Widow(er)
If taxable income is over: | But not over: | The tax is: |
---|---|---|
$ 0 | $ 19,900 | 10% of taxable income |
$ 19,900 | $ 81,050 | $1,990 plus 12% of the excess over $19,900 |
$ 81,050 | $ 172,750 | $9,328 plus 22% of the excess over $81,050 |
$ 172,750 | $ 329,850 | $29,502 plus 24% of the excess over $172,750 |
$ 329,850 | $ 418,850 | $67,206 plus 32% of the excess over $329,850 |
$ 418,850 | $ 628,300 | $95,686 plus 35% of the excess over $418,850 |
$ 628,300 | $168,993.50 plus 37% of the excess over $628,300 |
Schedule Z-Head of Household
If taxable income is over: | But not over: | The tax is: |
---|---|---|
$ 0 | $ 14,200 | 10% of taxable income |
$ 14,200 | $ 54,200 | $1,420 plus 12% of the excess over $14,200 |
$ 54,200 | $ 86,350 | $6,220 plus 22% of the excess over $54,200 |
$ 86,350 | $ 164,900 | $13,293 plus 24% of the excess over $86,350 |
$ 164,900 | $ 209,400 | $32,145 plus 32% of the excess over $164,900 |
$ 209,400 | $ 523,600 | $46,385 plus 35% of the excess over $209,400 |
$ 523,600 | $156,355 plus 37% of the excess over $523,600 |
Schedule Y-2-Married Filing Separately
If taxable income is over: | But not over: | The tax is: |
---|---|---|
$ 0 | $ 9,950 | 10% of taxable income |
$ 9,950 | $ 40,525 | $995 plus 12% of the excess over $ 9,950 |
$ 40,525 | $ 86,375 | $4,664 plus 22% of the excess over $40,525 |
$ 86,375 | $ 164,925 | $14,751 plus 24% of the excess over $86,375 |
$ 164,925 | $ 209,425 | $33,603 plus 32% of the excess over $164,925 |
$ 209,425 | $ 314,150 | $47,843 plus 35% of the excess over $209,425 |
$ 314,150 | $84,496.75 plus 37% of the excess over $314,150 |
Tax Rates for Net Capital Gains and Qualified Dividends
Rate* | Taxable Income | ||||
---|---|---|---|---|---|
Married Filing Jointly | Married Filing Separately | Single | Head of Household | Trusts and Estates | |
0% | $0 - $80,800 | $0 - $40,400 | $0 - $40,400 | $0 - $54,100 | $0 - $2,700 |
15% | $80,801 - $501,600 | $40,401 - $250,800 | $40,401 - $445,850 | $54,101 - $473,750 | $2,701 - $13,250 |
20% | $501,601+ | $250,801+ | $445,851+ | $473,751+ | $13,251+ |
-
$15,000
-
$18,021
-
$17,571
-
$16,821
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