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Tax Rates

Tax Year 2022

There are 7  Federal income tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Your tax rate is based on your taxable income level and filing status.

2022 Tax Brackets (Taxes due April 2023)

Single

If taxable income is:The tax due is:
Not over $10,27510% of the taxable income
Over $10,275 but $41,775$1,027.50 plus 12% of the excess over $10,275
Over $41,775 but not over $89,075$4,807.50 plus 22% of the excess over $41,775
Over $89,075 but not over $170,050$15,213.50 plus 24% of the excess over $89,075
Over $170,050 but not over $215,950$34,647.50 plus 32% of the the excess over $170,050
Over $215,950 but not over $539,900$49,335.50 plus 35% of the excess over $215,950
Over $539,900$162,718 plus 37% of the excess over $539,900

 

Married Filing Separately

If taxable income is:The tax due is:
Not over $10,27510% of the taxable income
Over $10,275 but $41,775$1,027.50 plus 12% of the excess over $10,275
Over $41,775 but not over $89,075$4,807.50 plus 22% of the excess over $41,775
Over $89,075 but not over $170,050$15,213.50 plus 24% of the excess over $89,075
Over $170,050 but not over $215,950$34,647.50 plus 32% of the the excess over $170,050
Over $215,950 but not over $323,925$49,335.50 plus 35% of the excess over $215,950
Over $323,925$86,127 plus 37% of the excess over $323,925

Married Filing Jointly

If taxable income is:The tax due is:
Not over $20,55010% of the taxable income
Over $20,550 but not over $83,550$2,055 plus 12% of the excess over $20,550
Over $83,550 but not over $178,150$9,615 plus 22% of the excess over $83,550
Over $178,150 but not over $340,100$30,427 plus 24% of the excess over $178,150
Over $340,100 but not over $431,900$69,295 plus 32% of the excess over $340,100
Over $431,900 but not over $647,850$98,671 plus 35% of the excess over $431,900
Over $647,850$174,253.50 plus 37% of the excess over $647,850

Head of Household

If taxable income is:The tax due is:
Not over $14,65010% of the taxable income
Over $14,650 but $55,900$1,465 plus 12% of the excess over $14,650
Over $55,900 but not over $89,050$6,415 plus 22% of the excess over $55,900
Over $89,050 but not over $170,050$13,708 plus 24% of the excess over $89,050
Over $170,050 but not over $215,950$33,148.50 plus 32% of the excess over $170,050
Over $215,950 but not over $539,900$47,836.50 plus 35% of the excess over $215,950
Over $539,900$162,218.50 plus 37% of the excess over $539,900

Standard Deduction Amounts

Filing StatusStandard Deduction
Single$12,950
Married Filing Jointly or Qualifying Widow(er)$25,900
Married Filing Separately$12,950
Head of Household$19,400