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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