Income Earned Between Jan 1, 2022 and Dec 31st 2022(Taxes Return due in April 15th 2023)
Do you want to Learn how 2022 Federal Income Tax Brackets Apply to your taxes? Do you know Single, Married filing jointly, Married Filing Separately, Head of Household Taxpayers have different tax tables?
We have put together different tables for each filing status that you can use for your appropriate filing status.
Please go through the detailed tables below and see what is appropriate tax table for you.
Also learn to withhold correct taxes using W4 withholding calculator below.
Learn More>>> Do you know What Filing Status Applies to you? Learn More here
Contents
How the US Tax Brackets work?
In the US income tax system, income tax rates are graduated. Graduated means you pay different percentage of you income in taxes when you reach a certain income. For Example
For example, a single taxpayer will pay 10 percent on taxable income up to $10,275 earned in 2022.
The top tax rate for individuals is 37 percent for taxable income above $539,901 for tax year 2022.
The IRS changes these tax brackets from year to year to account for inflation and other changes in economy.
In tax year 2020, for example, a single person with taxable income up to $9,875 paid 10 percent, while in 2022, that income bracket rose to $10,275. Similarly, brackets for income earned in 2023 have been adjusted upward as well.
2022 Federal Tax Brackets for Single Tax Payers
| Single Tax Rate | Single: Taxable Income Bracket | Single Tax Owed in $$ |
|---|---|---|
| 10% | $0 to $10,275 | 10% of taxable income |
| 12% | $10,276 to $41,775 | $1,027.50 plus 12% of the amount over $10,275 |
| 22% | $41,776 to $89,075 | $4,807.50 plus 22% of the amount over $41,775 |
| 24% | $89,076 to $170,050 | $15,213.50 plus 24% of the amount over $89,075 |
| 32% | $170,051 to $215,950 | $34,647.50 plus 32% of the amount over $170,050 |
| 35% | $215,951 to $539,900 | $49,335.50 plus 35% of the amount over $215,950 |
| 37% | $539,901 or more | $162,718 plus 37% of the amount over $539,900 |
2022 Federal Tax Brackets for Married Filing Jointly Tax Payers
| MFJ Tax rate | MFJ: Taxable Income Bracket | MFJ Taxes Owed in $$ |
|---|---|---|
| 10% | $0 to $20,500 | 10% of taxable income |
| 12% | $20,550 to $83,550 | $2,055 plus 12% of the amount over $20,550 |
| 22% | $83,551 to $178,150 | $9,615 plus 22% of the amount over $83,550 |
| 24% | $178,151 to $340,100 | $30,427 plus 24% of the amount over $178,150 |
| 32% | $340,101 to $431,900 | $69,295 plus 32% of the amount over $340,100 |
| 35% | $431,901 to $647,850 | $98,671 plus 35% of the amount over $431,900 |
| 37% | $647,851 or more | $174,253.50 plus 37% of the amount over $647,850 |
2022 Federal Tax Brackets for Married Filing Separately Tax Payers
| MFS Tax Rate | MFS Taxable Income Brackets | MFS Tax Owed In $$ |
|---|---|---|
| 10% | $0 to $10,275 | 10% of taxable income |
| 12% | $10,276 to $41,775 | $1,027.50 plus 12% of the amount over $10,275 |
| 22% | $41,776 to $89,075 | $4,807.50 plus 22% of the amount over $41,775 |
| 24% | $89,076 to $170,050 | $15,213.50 plus 24% of the amount over $89,075 |
| 32% | $170,051 to $215,950 | $34,647.50 plus 32% of the amount over $170,050 |
| 35% | $215,951 to $323,925 | $49,335.50 plus 35% of the amount over $215,950 |
| 37% | $323,926 or more | $87,126.75 plus 37% of the amount over $323,925 |
2022 Federal Tax Brackets for Head of Household Tax Payers
| HOH Tax Rate | HOH Taxable Income Bracket | HOH Tax Owed in $$ |
|---|---|---|
| 10% | $0 to $14,650 | 10% of taxable income |
| 12% | $14,651 to $55,900 | $1,465 plus 12% of the amount over $14,650 |
| 22% | $55,901 to $89,050 | $6,415 plus 22% of the amount over $55,900 |
| 24% | $89,051 to $170,050 | $13,708 plus 24% of the amount over $89,050 |
| 32% | $170,051 to $215,950 | $33,148 plus 32% of the amount over $170,050 |
| 35% | $215,951 to $539,900 | $47,836 plus 35% of the amount over $215,950 |
| 37% | $539,901 or more | $161,218.50 plus 37% of the amount over $539,900 |
W4 Tax Withholding Calculator
If you end up paying a large amount in taxes for the year 2021 tax return, you should talk with a tax adviser about how to reduce taxes in 2022.
It’s probably much easier to have extra federal and state income tax taken out of each paycheck than face a big tax bill next year.
IRS requires you to pay 90% of your taxes during the year, If you don’t withhold enough taxes then you may be subject to penalty and interest by the IRS.
A good first step is to look at how much tax you get taken from your paycheck. The Internal Revenue Service has a free withholding estimator that can tell you how much you should have taken out of each paycheck.
If you feel you are a high income earner and still paying a lot in taxes, then look at these tips for lowering your taxes. You should also meet with your accountant/CPA more regularly and do Year Around Tax Planning.
Some of us wonder, why are taxes so high in the US, Lets Learn More
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