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Tax law changes
Hi @Captain_Al! The tax rates did not change for 2022, however the amounts in each bracket were adjusted for inflation as they are every year. The 2022 brackets are below:
Tax Rate | For Single Filers | 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 |
‎September 28, 2022
12:52 PM