IRS has announced its annual inflation adjustments for the 2021 tax year. More than 60 tax provisions - including the tax rate schedules and other tax changes are included in Revenue Procedure 2020-45 (click to see the full list). The following are just the key changes.
2021纳税年度的重点变化
| Tax Year 2021 | Tax Year 2020 |
Recovery Rebate Credit 纾困金：没有收到，可以在税表上讨回 | $1,400 EIP3 Ø If you did not receive EIP3 $1,400 or less, you can claim it on 2021 tax return. | $1,200 EIP1 & $600 EIP2 Ø If you did not receive EIP1 $1,200 and/or EIP2 $600 or less, you can claim it on 2020 tax return. |
Child Tax Credit 儿童税收抵免：今年大幅增加 | $3,600 per child under 6 $3,000 per child for ages 6 to 17 Ø Fully refundable Ø If you received some in advance, the credit will be reduced. | $2,000 per child under 17 Ø Partly refundable |
Other Dependent Credit 其他抚养者抵免：金额不变，年龄变了 | $500 for ages over 17 Ø Non-refundable | $500 for ages over 16 Ø Non-refundable |
Child and Dependent Care Tax Credit 托儿费用抵免：今年大幅增加 | 35% to 50% of up to $8,000 in eligible expenses for one child/disabled person or $16,000 for two or more Ø Fully refundable | 20% to 35% of up to $3,000 in eligible expenses for one child/disabled person or $6,000 for two or more Ø Non-refundable |
Earned Income Tax Credit 低收入税收抵免：今年特别是没有小孩的金额增加了不少，在限制方面也宽松了很多 | $1,502 to $6,728 Ø Fully refundable Ø Depending on your income and how many children you have Ø Investment income must less than $10,000 Ø Ages from 19 to no limit | $538 to $6,660 Ø Fully refundable Ø Depending on your income and how many children you have Ø Investment income must less than $3,650 Ø Ages from 19 to 64 |
Unemployment Compensation 失业金：今年就不免税了 | Suspended | Up to $10,200 ($20,400 for MFJ) exempt from federal income tax for AGI less than $150,000 |
Charitable Cash Contributions 现金慈善捐款：夫妻可以600 | $300 per person ($600 for MFJ) for “above-the-line” deduction | $300 per return for “above-the-line” deduction |
Premium Tax Credit 奥巴马保费补贴：今年要还多给的垫底费了 | Shown on 1095-A Ø Fully refundable Ø Repayment required | Shown on 1095-A Ø Fully refundable Ø Repayment not required |
Forgiven Student Loan 取消学生贷款：今年不会被视为收入 | Excluded as taxable income for 2021 to 2025. It will be taxed again in 2026 | Included as taxable income |
Tuition and Fees Deduction 高等学费扣除：今年取消，不给减了 | Suspended Ø However, the phase-out thresholds for the lifetime learning credit were permanently increased | Up to $4,000 for “above-the-line” deduction |
Self-Employed Taxes 自雇税：不能延迟支付了 | Cannot be deferred | Can be deferred |
Business Meals Deduction 商业餐费扣除：允许100% | 100% deductible | 50% deductible |
Business Mileage Deduction 商业车里程扣除：降了一点 | 56 cents per mile | 57.5 cents per mile |
Deductible Business Losses 商业亏损扣除：今年恢复了 | Up to $250,000 ($500,000 for MFJ) is back | Suspended during 2018 - 2020 |
Credit for Sick Leave or Family Leave 因疫情关系的病假或家事休假的抵免：增加了一点 | Up to $12,000 Ø Refundable Ø For self-employed Ø Days to claim Sick Leave is up to 10 Ø Days to claim Family Leave is up to 60 Ø COVID-related during 1/1/2021 to 9/30/2021 | Up to $10,000 Ø Refundable Ø For self-employed Ø Days to claim Sick Leave is up to 10 Ø Days to claim Family Leave is up to 50 Ø COVID-related during 4/1/2020 to 12/31/2020 |
Estate and Gift Tax Exemption 遗产和赠与的免税额：增加了一点 | $11.7 million per life $15,000 annual exclusion | $11.58 million per life $15,000 annual exclusion |
Tax rates remains unchanged, but tax brackets, standard deduction, and all other deductions or credits not mentioned here just changed a little due to inflation.
税率维持不变，但是税级，标准扣除额，或其他在这里没有提及的扣除或抵免，只是根据通货膨胀变化一点点。