What Are the Key IRS Tax Changes for 2021?
Here's your handy reference on the most important annual changes coming this year.
* For Agent/Advisor use only
* This information is for educational purposes only
In this report you'll find the information on some of the most important changes to taxes in 2021, including:
- Higher standard deductions
- Changes to key provisions for popular tax credits
- Contribution limits and income thresholds for retirement accounts like IRAs and 401(k)s
- Increases in other tax-favored accounts for healthcare and education
- Exemptions from gift and estate tax
- Tax brackets for ordinary income as well as qualified dividends and long-term capital gains