2020 Tax Return

Your 2020-2021 Tax Guide is here!

IRS will accept tax returns starting on February 12, 2021. The 2020 tax return deadline has been extended to May 17 (5/17/2021) from the original deadline of April 15, 2021.

IRS Tax Refund Status Check | State Tax Refund Status Check

First 1st Stimulus Check – Cares Act – Signed into law on March 27, 2020 – $1,200 per person ($500 per dependent)
Second 2nd Stimulus Check – Consolidated Appropriations Act of 2021 – Signed into law on December 27, 2020 – $600 per person including $500 per dependent
Third 3rd Stimulus Check – American Rescue Plan Act of 2021, Signed into law on March 11, 2021 – $1,400 per person including $1,400 per dependent
Fourth 4th Stimulus Check – Nothing as of April 2021
Fifth 5th Stimulus Check – Nothing as of April 2021

2021 Standard Deduction

  • $12,400 for Single tax filer
  • $24,800 for Married Filing Jointly
  • $18,650 for Head of Household

2021 Personal Exemption is $0

There is no personal exemption in 2020 tax return due to Tax Cuts and Jobs Act (TCJA) of 2017.

2020 Income Tax Table

Single Taxable Income Tax Rate Tax Amount
$0 to $9950 10% Taxable Income * 10%
$9951 to $40525 12% Taxable Income * 12%-199
$40526 to $86375 22% Taxable Income * 22% – 4251
$86376 to $164925 24% Taxable Income * 24% – 5979
$164926 to $209425 32% Taxable Income * 32% – 19173
$209426 to $523600 35% Taxable Income * 35% – 25455
Over $523601 37% Taxable Income * 37% – 35928

2020 Earned Income Tax Table

Number of Childs Maximum EIC Credit
No Children $538
1 Child $3584
2 Children $5920
3 Children $6600
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