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Dates to Know:
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Filing Deadline: Filing can take place from January 24 through April 18.
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Extension Deadline: Make sure you file for an extension by April 19, 2022. If you ask for an extension, you must file by October 17, 2022.
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Refunds:
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While there\'92s no guarantee when your refund will come through, the IRS says that filing electronically and choosing direct deposit as your payment method may speed up the process.
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2021 Tax Brackets:
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According to the IRS, the highest tax rate will be 37% for individual single taxpayers whose income is above $523,600. For married couples who file together, this number goes up to $628,300. If you\'92re married but filing separately, it will be $314,151.
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2021 Deductions:
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Standard: A standard deduction is one where you have not made any itemized deductions and are just working with the part of your income that is non-taxable. For 2021, this will be $12,500 for single filers and $25,100 for married couples filing together.
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Itemized: Itemizing your deductions takes more time and effort but may be beneficial if you end up with what more than a standard deduction will give you.
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