Tax Rates & Brackets Explained

December 20, 2021
Find out how tax rates and brackets influence what you pay in income tax, how the 2018 changes to the tax law impacted rates and brackets, and what the new bracket ranges are for 2021.

Tax rates and brackets are often misunderstood, but they both influence how much income tax you will pay. Learn how they work, how the 2018 changes to the tax law impacted rates and brackets, and what the new bracket ranges are for 2020.

Tax Rates & Brackets Explained

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Important Disclosures

This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.

Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

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