![]() However, some specified figures apply to transactions or events in calendar year 2021. These inflation adjustments generally apply to tax years beginning in 2021, so they affect most returns that will be filed in 2022. The IRS also provided inflation-adjusted amounts for the: The federal tax brackets are broken down into seven (7) taxable income groups, based on your filing status. The maximum foreign earned income exclusion amount in 2021 is $108,700.
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