Tax | Payroll | Business Formation
Tax | Payroll | Business Formation

2021 Tax Information

  1. Standard Deductions

  2. MACRS Recovery Period

  3. Medical Savings Accounts (MSA)

  4. Health Savings Account (HSA)

  5. Adoption Credit

  6. Bonus Depreciation

  7. Section 179 Expense

  8. FICA (SS & Medicare) Wage Base


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  9. Filing Requirements for Most Taxpayers

  10. Filing Requirements for Dependents

  11. Other Situations When You Must File a 2021 Return


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  12. Student Loan Interest Deduction

  13. Qualifying Child for Child Tax Credit

  14. Child Tax Credit

  15. Qualifying dependent for Other Dependent Credit

  16. Dependent Care Credit Limitations

  17. Comparison of Education Credits

  18. Education Credits Phaseout

  19. Social Security Payback


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  20. Earned Income Credit

  21. Earned Income Credit in a Nutshell

  22. Exemption Amounts


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  23. Foreign Earned Income Exclusion

  24. Gift Tax Exclusion

  25. 401(K) Contribution Limits

  26. Long-term capital Gains & Qualifying Dividends

  27. Savings Bond / Higher Education Expense Exclusion

  28. Long-term Care Premiums

  29. Alternative Minimum Tax (AMT)

  30. Where to Deduct Interest Expense?

  31. Standard Mileage Rates

  32. Estate Exemption


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  33. Tax Rate Schedules - Single

  34. Tax Rate Schedules - Head of Household

  35. Tax Rate Schedules - Married Filing Separately

  36. Tax Rate Schedules - Married Filing Jointly / Qualifying Widow(er)

  37. Corporate Tax Rates

  38. Estate and Trust Tax Rates

  39. Traditional IRA Limits

  40. Phaseout of IRA Deductions


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  41. Flexible Spending Account (FSA) - General

  42. Flexible Spending Account (FSA) - Medical

  43. Flexible Spending Account (FSA) - Dependent Care

  44. Employee Stock Purchase Plans (ESPP)

  45. Incentive Stock Options (ISO)

  46. Non-Qualified Stock Options (NQSO)


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  47. Tax Preparer's Due Diligence Requirements for EITC

  48. SEP IRA / Individual 401k

  49. NAICS code / SIC code

  50. 2021 Tax Organizer

  51. 2021 Questionnaire

Courtesy: Drake Software & IRS