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New IRS Tax Rates and Deductions for 2021

New IRS Tax Rates and Deductions for 2021

Although a year away, your 2021 tax planning should have already started.

Amidst all the pandemic news and 2020 election drama, many might have missed that the IRS also quietly published new 2021 tax rates in late October and a there are plenty of changes that will impact taxpayers in 2021. While it’s more than a year away (these changes are for 2021 returns filed by taxpayers in 2022), there are a few changes that you should know about. 

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