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.
Table of Contents
2022 Tax Brackets for Single Filers, Married Couples Filing Jointly, and Heads of Households
Rate
For Unmarried Individuals
For Married Individuals Filing Joint Returns
For 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 Status
Deduction Amount
Single
$12,950
Married Filing Jointly
$25,900
Head of Household
$19,400
2022 Alternative Minimum Tax Exemptions & Phaseout Thresholds
Filing Status
Exemption Amount
Phaseout 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
Parameter
No Children
One Child
Two Children
Three 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 Children
One Child
Two Children
Three 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
Rate
For Unmarried Individuals, Taxable Income Over
For Married Individuals Filing Joint Returns, Taxable Income Over
For 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 Status
Threshold
Unmarried Individuals
$1,70,050
Married Filing Jointly
$3,40,100
Prashant Thakur is a tax advisor . He has written two books on tax laws of India. He regularly writes on his paid-only website http://taxworry.com. He is learning about the Internal Revenue Code of USA as many of clients and readers are of India origin and also are tax resident of USA . So . solving their tax issues require reference to IRC of USA.
