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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

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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

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