2022 Federal Tax Information

Listed below are the 2022 tax brackets, standard deductions, long-term capital gains rates, and more.

2022 Federal Income Tax Brackets (for taxes due in 2023)

Single

Tax Rate

Taxable Income Range

Your Income Tax Is..

10%

$0 to $10,275

10% of your taxable income

12%

$10,276 to $41,775

$1,027.50 + 12% of the amount over $10,275

22%

$41,776 to $89,075

$4,807.50 + 22% of the amount over $41,775

24%

$89,076 to $170,050

$15,213.50 + 24% of the amount over $89,075

32%

$170,051 to $215,950

$34,647.50 + 32% of the amount over $170,050

35%

$215,951 to $539,900

$49,335.50 + 35% of the amount over $215,950

37%

Over $539,900

$162,718 + 37% of the amount over $539,900

Married Filing Jointly

Tax Rate

Taxable Income Range

Your Income Tax Is..

10%

$0 to $20,550

10% of your taxable income

12%

$20,551 to $83,550

$2,055 + 12% of the amount over $20,550

22%

$83,551 to $178,150

$9,615 + 22% of the amount over $83,550

24%

$178,151 to $340,100

$30,427 + 24% of the amount over $178,150

32%

$340,101 to $431,900

$69,295 + 32% of the amount over $340,100

35%

$431,901 to $647,850

$98,671 + 35% of the amount over $431,900

37%

Over $647,850

$174,253.50 + 37% of the amount over $647,850

Married Filing Separately

Tax Rate

Taxable Income Range

Your Income Tax Is..

10%

$0 – $10,275

10% of your taxable income

12%

$10,276 – $41,775

$1,027.50 + 12% of the amount over $10,275

22%

$41,776 – $89,075

$4,807.50 + 22% of the amount over $41,775

24%

$89,076 – $170,050

$15,213.50 + 24% of the amount over $89,07

32%

$170,051 – $215,950

$34,647.50 + 32% of the amount over $170,050

35%

$215,951 – $323,925

$49,335.50 + 35% of the amount over $215,950

37%

Over $323,925

$86,127 + 37% of the amount over $323,925

Head of Household

Tax Rate

Taxable Income Range

Your Income Tax Is..

10%

$0 – $14,650

10% of your taxable income

12%

$14,651 – $55,900

$1,465 + 12% of the amount over $14,650

22%

$55,901 – $89,050

$6,415 + 22% of the amount over $55,900

24%

$89,051 – $170,050

$13,708 + 24% of the amount over $89,050

32%

$170,051 – $215,950

$33,148.50 + 32% of the amount over $170,050

35%

$215,951 – $539,900

$47,836.50 + 35% of the amount over $215,950

37%

Over $539,900

$162,218.50 + 37% of the amount over $539,900

Long-Term Capital Gains Rates & Brackets

Tax Rate

Single

Married Filing Jointly

Married Filing Separately

Head of Household

0%

$0–$41,675

$0–$83,350

$0–$41,675

$0-$55,800

15%

$41,676-$459,750

$83,351-$517,200

$41,676-$258,600

$55,801-$488,500

20%

Over $459,750

Over $517,200

Over $258,600

Over $488,500

2022 Child Tax Credit

Maximum Credit

Phase-Outs Begin at Income of

$2,000 per qualifying child (has not reached age 17 during the year)

$400,000 (Married, filing jointly)
$200,000 (all others)

2022 Standard Deductions

Filing Status

Standard Deduction

Single

$12,950

Married Filing Jointly

$25,900

Married Filing Separately

$12,950

Head of Household

$19,400

2022 Trusts & Estates

Rate

Trust Income

10%

$0 - $2,750

24%

$2,751 - $9,850

35%

$9,851 - $13,450

37%

Over $13,450

2022 Alternative Minimum Tax – Exemptions

Filing Status

Exemption Amount

Individual

$75,900

Married Filing Jointly

$118,100

Married Filing Separately

$59,050