![]() In this case, your total taxable income is divided into 4 parts: You are eligible for a $12550 standard deduction, making your total taxable income $150000-$12550=$137450 Here’s the tax rate chart for 2021 single filers with taxable income up to $164,925. Let’s calculate how much tax you need to pay as a single filer if your annual income in 2021 is $150,000.
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