Federal Tax Information

2021 Standard Deductions

  • Single - $12,550

  • Married Filing Jointly or Qualifying Widow(er) - $25,100

  • Married Filing Separately - $12,550

  • Head of Household - $18,800

Earned Income Credit

  • Must have EARNED income

  • Investment income limit: $10,000

  • *Taxpayers claiming the EITC who file Married Filing Separately must meet the eligibility requirements under the special rule in the American Rescue Plan Act (ARPA) of 2021

  • Maximum Credit Amounts

    • No qualifying children: $1,502

    • 1 qualifying child: $3,618

    • 2 qualifying children: $5,980

    • 3 or more qualifying children: $6,728