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) |
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 |