2022 tax brackets irs12/13/2023 The standard deduction, which is claimed by the majority of taxpayers, will rise to $25,900, up from $25,100, in 2022 for married couples filing jointly.įor individuals, the new maximum will be $12,9, up from $12,550, the IRS said. Incomes of $10,275 or less for single filers and $20,550 or less for joint filers: 10%.Incomes greater than $10,275 for single filers and $20,550 for joint filers: 12%.Incomes greater than $41,775 for single filers and $83,550 for joint filers: 22%.Incomes greater than $89,075 for single filers and $178,150 for joint filer: 24%.Incomes greater than $170,050 for single filers and $340,100 for joint filers: 32%.Incomes greater than $215,950 for single filers and $431,900 for joint filers: 35%.Incomes greater than $539,900 for single filers and $647,850 for joint filers: 37%.The federal income tax rates for 2022 will be: The amount of additional tax paid on additional income will also change in 2022. $19,400 for heads of households, which is a $600 increase.$12,950 for single filers and married people filing separately, which is a $400 increase.$25,900 for married couples filing jointly, which is an $800 increase. How much the standard deduction will increaseįor tax year 2022, the standard deduction will be: The changes will apply to 2022 tax returns that are filed in 2023. Most tax bracket cut-off points rose about 3% compared to the 2021 filing season due to a recent inflation surge, marking the largest increase in four years. The Internal Revenue Service announced November 10 his annual adjustments to more than 60 tax-related provisions - notably, including an increase in the amount of the standard deduction and higher federal income tax brackets. The IRS will adjust federal income brackets and the standard deduction that reflect the one-month increase in consumer prices for 2022 inflation.
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