Every year, the IRS evaluates and typically adjusts certain tax provisions to account for inflation. Below is the IRS’s latest adjustments for the 2022 tax year – including tax brackets and standard deductions.
This material is for informational purposes only and is not a replacement for real life advice, so make sure to consult your tax, legal, and accounting professionals before modifying your tax strategy.
10%
SINGLE
Up to $10,275
MARRIED FILING JOINTLY
Up to $20,550
MARRIED FILING SEPARATELY
Up to $10,275
HEAD OF HOUSEHOLD
Up to $14,650
12%
SINGLE
$10,276 – $41,775
MARRIED FILING JOINTLY
$20,551 – $83,550
MARRIED FILING SEPARATELY
$10,276 – $41,775
HEAD OF HOUSEHOLD
$14,651 – $55,900
22%
SINGLE
$41,776 – $89,075
MARRIED FILING JOINTLY
$83,551 – $178.1520
MARRIED FILING SEPARATELY
$41.776 – $89.075
HEAD OF HOUSEHOLD
$55,907 – $89,050
24%
SINGLE
$89,076 – $170,050
MARRIED FILING JOINTLY
$178,151 – $340,100
MARRIED FILING SEPARATELY
$89,076 – $170,050
HEAD OF HOUSEHOLD
$89,051 – $170,050
32%
SINGLE
$170,051 – $215,950
MARRIED FILING JOINTLY
$340,101 – $431,900
MARRIED FILING SEPARATELY
$170,051 – $215,950
HEAD OF HOUSEHOLD
$170,051 – $215,950
35%
SINGLE
$215,951 – $539,900
MARRIED FILING JOINTLY
$431,901 – $647,850
MARRIED FILING SEPARATELY
$215,951 – $323,925
HEAD OF HOUSEHOLD
$215,951 – $539,900
37%
SINGLE
Over $539,900
MARRIED FILING JOINTLY
Over $647,850
MARRIED FILING SEPARATELY
Over $323,925
HEAD OF HOUSEHOLD
Over $539,900
2022 Standard Deduction Amounts
SINGLE
Over $539,900
MARRIED FILING JOINTLY
Over $647,850
MARRIED FILING SEPARATELY
Over $323,925
HEAD OF HOUSEHOLD
Over $539,900
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