Tax Facts And Figures � 2021

Finn Kevin13 May, 2022Business

Dependent. The standard deduction in 2021 for an individual who may be claimed as a dependent by another taxpayer cannot exceed the greater of $1,100, or earned income plus $350. *Plus 0.9% on wages above threshold amount, plus 3.8% on unearned income above threshold amount. *The moving expense deduction is available only to active duty military servicemembers pursuant to a permanent change of station (PCS) order.