• Home/
  • Archive/
  • Tax Day 2021 What You Need To Know

Tax Day 2021 What You Need To Know

In the United States, tax day is typically April 15th. However, in 2021, tax day will be moved to July 15th. This is because April 15th falls on a weekend, and the IRS would need an extra day to process all of the returns.

There are a few things you need to know about tax day in 2021. First of all, the deadline for filing your return will be extended to July 15th. This means that you have an extra month to file your return. However, you still need to pay any taxes that are owed by April 15th.

Another thing you need to know is that the tax brackets will be different in 2021. The new tax brackets will be based on your income level and your filing status. For example, the tax bracket for single taxpayers who make less than $50,000 will be 12%. The tax bracket for married taxpayers who make less than $100,000 will be 24%.

Finally, the standard deduction will also be increased in 2021. The standard deduction for single taxpayers will be $12,000, and the standard deduction for married taxpayers will be $24,000.

These are just a few of the changes that will be taking place for tax day in 2021. Make sure to consult with a tax professional to find out how these changes will affect you.