What is the current federal income tax rate?

The federal income tax rate is the rate at which you pay tax on your income. This rate can vary depending on the amount of income you make and your filing status. In Washington in 2021, the federal income tax rate for individuals is 10%, 12%, 22%, 24%, 32%, 35%, or 37%. As an example, an individual with an income of $60,000 would have a tax rate of 24%. This rate is subject to change every year, so it is important to check the current tax rate whenever filing taxes. Individuals may also benefit from deductions, credits, and other relief available to taxpayers in Washington. It is also important to note that Washington also has a state-level income tax which is separate from the federal income tax. For 2021, the Washington state income tax rate is 5.5%, and is based on the same income thresholds as the federal income tax. Overall, Washington residents must pay both federal and state income taxes. The current federal income tax rate for individuals in the State of Washington is 10%, 12%, 22%, 24%, 32%, 35%, or 37%. It is important to check the current rate every year when filing your taxes and to make sure to take advantage of any deductions and credits that are available to taxpayers.

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What is the current federal income tax rate?

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