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2022 Tax Brackets

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2022 tax brackets

2022 tax brackets (for taxes due in April 2023) announced by the IRS on November 10, 2021, for individuals, married filing jointly, married filing separately and head of household are given below. You can see also tax rates for the year 2021 and tax bracket for the year 2020on this site. . Revenue Procedure 2021-45 PDF provides details about these annual adjustments.

2022 Tax Brackets for Single Filers, Married Couples Filing Jointly, and Heads of Households

RateFor Unmarried IndividualsFor Married Individuals Filing Joint ReturnsFor Heads of Households
10%$0 to $10,275$0 to $20,550$0 to $14,650
12%$10,275 to $41,775$20,550 to $83,550$14,650 to $55,900
22%$41,775 to $89,075$83,550 to $178,150$55,900 to $89,050
24%$89,075 to $170,050$178,150 to $340,100$89,050 to $170,050
32%$170,050 to $215,950$340,100 to $431,900$170,050 to $215,950
35%$215,950 to $539,900$431,900 to $647,850$215,950 to $539,900
37%$539,900 or more$647,850 or more$539,900 or more

2022 Standard Deduction

Filing StatusDeduction Amount
Single$12,950 
Married Filing Jointly$25,900 
Head of Household$19,400 

2022 Alternative Minimum Tax Exemptions & Phaseout Thresholds

Filing StatusExemption AmountPhaseout Thresholds
Unmarried Individuals$75,900 $539,900
Married Filing Jointly$1,18,100 $1,079,800

2022 Earned Income Tax Credit Parameters

(i)Single or Head of Household

 ParameterNo ChildrenOne ChildTwo ChildrenThree or More Children
Income at Max Credit$7,320 $10,980 $15,410 $15,410 
Maximum Credit$560 $3,733 $6,164 $6,935 
Phaseout Begins$9,160 $20,130 $20,130 $20,130 
Phaseout Ends (Credit Equals Zero)$16,480 $43,492 $49,399 $53,057 

(ii)Married Filing Jointly

 No ChildrenOne ChildTwo ChildrenThree or More Children
Income at Max Credit$7,320 $10,980 $15,410 $15,410 
Maximum Credit$560 $3,733 $6,164 $6,935 
Phaseout Begins$15,920 $26,260 $26,260 $26,260 
Phaseout Ends (Credit Equals Zero)$22,610 $49,622 $55,529 $59,187 

2022 Capital Gains Tax Rate

 RateFor Unmarried Individuals, Taxable Income OverFor Married Individuals Filing Joint Returns, Taxable Income OverFor Heads of Households, Taxable Income Over
0%$0 $0 $0 
15%$41,675 $83,350 $55,800 
20%$4,59,750 $5,17,200 $4,88,500 

2022 Qualified Business Income Deduction Thresholds

Filing StatusThreshold
Unmarried Individuals$1,70,050 
Married Filing Jointly$3,40,100 
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