2022 Tax Rates - Single Taxpayers - Standard Deduction $12,950
2021 Rates
10%
0 to $10,275
12%
$10,275 to $41,775
22%
$41,775 to $89,075
24%
$89,075 to $170,050
32%
$170,050 to $215,950
35%
$215,950 to $539,900
37%
Over $539,900
2022 Tax Rates - Married Jointly & Surviving Spouses -
Standard Deduction $25,900
10%
0 to $20,550
12%
$20,550 to $83,550
22%
$83,550 to $178,150
24%
$178,150 to $340,100
32%
$340,100 to $431,900
35%
$431,900 to $647,850
37%
Over $647,850
2022 Tax Rates - Married Filing Separately -
Standard Deduction $12,950
10%
0 to $10,275
12%
$10,275 to $41,775
22%
$41,775 to $89,075
24%
$89,075 to $170,050
32%
$170,050 to $215,950
35%
$215,950 to $323,925
37%
Over $323,925
2022 Tax Rates - Head of Household -
Standard Deduction $19,400
10%
0 to $14,650
12%
$14,650 to $55,900
22%
$55,900 to $89,050
24%
$89,050 to $170,050
32%
$170,050 to $215,950
35%
$215,950 to $539,900
37%
Over $539,900
2022 Tax Rates - Estates & Trusts
$89,050 to $170,050
10%
0 to $2,750
24%
$2,750 to $9,850
35%
$9,850 to $13,450
37%
Over $13,450
Social Security
2022 Tax Rates
Social Security Tax Rate: Employers
6.2%
Social Security Tax Rate: Employees
6.2%
Social Security Tax Rate: Self-Employed
15.3%
Maximum Taxable Earnings
$147,000
Medicare Base Salary
Unlimited
Medicare Tax Rate: Employers
1.45%
Medicare Tax Rate: Employees
1.45%
Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)
0.9%
Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)
3.8%
Miscellaneous
2022 Tax Rates
Business expensing limit: Cap on equipment purchases
$2,700,000
Business expensing limit: New and Used Equipment and Software
$1,080,000
Qualified Business Income threshold amount:
$170,050 (single and head of household); $340,100 (married filing joint return)
Qualified Small Employer Health Reimbursement Arrangement limit:
$5,450 (single coverage); $11,050 (family coverage)
Prior-year safe harbor for estimated taxes of higher-income
110% of your 2021 tax liability
Standard mileage rate for business driving
62.5 (July 1-December 31, 2022) and 58.5 (January 1-June 30, 2022)
Standard mileage rate for medical driving
22 (July 1-December 31, 2022) and 18 (January 1-June 30, 2022)
Standard mileage rate for moving driving - Members of the Armed Forces on active duty who move because of a permanent change of station
22 (July 1-December 31, 2022) and 18 (January 1-June 30, 2022)
Standard mileage rate for charitable driving
14
Child Tax Credit
$3,000 to $3,600
Unearned income maximum for children under 19 before kiddie tax applies
$1,150
Maximum capital gains tax rate for taxpayers with income up to $41,675 for single filers, $83,350 for married filing jointly
0%
Maximum capital gains tax rate for taxpayers with income $41,675 to $459,750 for single filers, $83,350 to $517,200 for married filing jointly
15%
Maximum capital gains tax rate for taxpayers with income above $459,750 for single filers, $517,200 for married filing jointly
20%
Capital gains tax rate for unrecaptured Sec. 1250 gains
25%
Capital gains tax rate on collectibles
28%
Maximum contribution for Traditional/Roth IRA
$6,000 if under age 50
$7,000 if 50 or older
$7,000 if 50 or older
Maximum employee contribution to SIMPLE IRA
$14,000 if under age 50
$17,000 if 50 or older
$17,000 if 50 or older
Maximum Contribution to SEP IRA
25% of eligible compensation up to $61,000
401(k) maximum employee contribution limit
$20,500 if under age 50
$27,000 if 50 or older
$27,000 if 50 or older
Estate tax exemption
$12,060,000
Annual Exclusion for Gifts
$16,000
Education
2022 Tax Rates
American Opportunity Credit (per student)
$2,500
Lifetime Learning Credit (per return)
$2,000
Student Loan Interest Deduction
$2,500
Coverdell Education Savings Account Contribution
$2,000
Source: IRS Revenue Procedure 2021-45
$12,060,000
Standard Meal Rates for Family Child Care Providers for income tax returns
$12,060,000
Continental U.S.
2022-23 Tax Rates (July 1, 2022-June 30, 2023)
For each breakfast
$1.66
For each lunch or supper
$3.04
For each snack (up to 3 per day for each child)
$0.97
Alaska
2022-23 Tax Rates (July 1, 2022-June 30, 2023)
For each breakfast
$2.59
For each lunch or supper
$4.87
For each snack (up to 3 per day for each child)
$1.52
Hawaii
2022-23 Tax Rates (July 1, 2022-June 30, 2023)
For each breakfast
$1.91
For each lunch or supper
$3.55
For each snack (up to 3 per day for each child)
$1.12
Source: Federal Register
