Tax Rates 2022

2022 Tax Rates Schedule X - Single
If taxable income is over	But not over	The tax is
$0	$10,275	10% of the taxable amount
$10,275	$41,775	$1,027.50 plus 12% of the excess over $10,275
$41,775	$89,075	$4,807.50 plus 22% of the excess over $41,775
$89,075	$170,050	$15,213.50 plus 24% of the excess over $89,075
$170,050	$215,950	$34,647.50 plus 32% of the excess over $170,050
$215,950	$539,900	$49,335.50 plus 35% of the excess over $215,950
$539,900	no limit	$162,718.00 plus 37% of the excess over $539,900

2022 Tax Rates Schedule Y-1 - Married Filing Jointly or Qualifying Widow(er)
If taxable income is over	But not over	The tax is
$0	$20,550	10% of the taxable amount
$20,550	$83,550	$2,055.00 plus 12% of the excess over $20,550
$83,550	$178,150	$9,615.00 plus 22% of the excess over $83,550
$178,150	$340,100	$30,427.00 plus 24% of the excess over $178,150
$340,100	$431,900	$69,295.00 plus 32% of the excess over $340,100
$431,900	$647,850	$98,671.00 plus 35% of the excess over $431,900
$647,850	no limit	$174,253.50 plus 37% of the excess over $647,850

2022 Tax Rates Schedule Y-2 - Married Filing Separately
If taxable income is over	But not over	The tax is
$0	$10,275	10% of the taxable amount
$10,275	$41,775	$1,027.50 plus 12% of the excess over $10,275
$41,775	$89,075	$4,807.50 plus 22% of the excess over $41,775
$89,075	$170,050	$15,213.50 plus 24% of the excess over $89,075
$170,050	$215,950	$34,647.50 plus 32% of the excess over $170,050
$215,950	$323,925	$49,335.50 plus 35% of the excess over $215,950
$323,925	no limit	$87,126.75 plus 37% of the excess over $323,925

2022 Tax Rates Schedule Z - Head of Household
If taxable income is over	But not over	The tax is
$0	$14,650	10% of the taxable amount
$14,650	$55,900	$1,465.00 plus 12% of the excess over $14,650
$55,900	$89,050	$6,415.00 plus 22% of the excess over $55,900
$89,050	$170,050	$13,708.00 plus 24% of the excess over $89,050
$170,050	$215,950	$33,148.00 plus 32% of the excess over $170,050
$215,950	$539,900	$47,836.00 plus 35% of the excess over $215,950
$539,900	no limit	$161,218.50 plus 37% of the excess over $539,900

2022 Tax Rates Estates & Trusts
If taxable income is over	But not over	The tax is
$0	$2,750	10% of the taxable income
$2,750	$9,850	$275 plus 24% of the excess over $2,750
$9,850	$13,450	$1,979 plus 35% of the excess over $9,850
$13,450	no limit	$3,239 plus 37% of the excess over $13,450

Social Security 2022 Tax Rates
Base Salary	$147,000
Social Security Tax Rate	6.20%
Maximum Social Security Tax	$9,114
Medicare Base Salary	unlimited
Medicare Tax Rate	1.45%

Additional Medicare 2022 Tax Rates
Additional Medicare Tax	0.90%
Filing status	Compensation over
Married filing jointly	$250,000
Married filing separate	$125,000
Single	$200,000
Head of household (with qualifying person)	$200,000
Qualifying widow(er) with dependent child	$200,000

Education 2022 Credit and Deduction Limits
American Opportunity Tax Credit (Hope)	$2,500
Lifetime Learning Credit	$2,000
Student Loan Interest Deduction	$2,500
Coverdell Education Savings Contribution	$2,000

Miscellaneous 2022 Tax Rates
Standard Deduction:
Married filing jointly or Qualifying Widow(er)		$25,900
Head of household		$19,400
Single or Married filing separately		$12,950
Business Equipment Expense Deduction		$1,080,000
Prior-year safe harbor for estimated taxes of higher-income		110% of your 2021 tax liability
Standard mileage rate for business driving		58.5 cents Jan. 1 - June 30, 2022 62.5 cents July 1 - Dec. 31, 2022
Standard mileage rate for medical/moving driving		18 cents Jan. 1 - June 30, 2022 22 cents July 1 - Dec. 31, 2022
Standard mileage rate for charitable driving		14 cents
Child Tax Credit		$2,000 per qualifying child
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $83,350 for joint filers and surviving spouses, $55,800 for heads of household, $41,675 for single filers, $41,675 for married taxpayers filing separately, and $2,800 for estates and trusts		0%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $517,200 for joint filers and surviving spouses, $488,500 for heads of household, $459,750 for single filers, $258,600 for married taxpayers filing separately, and $13,700 for estates and trusts		15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $517,200 for joint filers and surviving spouses, $488,500 for heads of household, $459,750 for single filers, $258,600 for married taxpayers filing separately, and $13,700 for estates and trusts		20%
Long-term gain attributable to certain depreciation recapture		25%
Capital gains tax rate on collectibles and qualified small business stock		28%
Maximum contribution for Traditional/Roth IRA		$6,000 if under age 50 $7,000 if 50 or older
Maximum employee contribution to SIMPLE IRA		$14,000 if under age 50 $17,000 if 50 or older
Maximum Contribution to SEP IRA		25% of compensation up to $61,000
401(k) maximum employee contribution limit		$20,500 if under age 50 $27,000 if 50 or older
Self-employed health insurance deduction		100%
Estate tax exemption		$12,060,000
Annual Exclusion for Gifts		$16,000
Foreign Earned Income Exclusion		$112,000

Tax Rates

Tax Rates for 2022