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- The 2022 IRS tax tables provide information on the federal income tax rates, deductions, exemptions, and estate and gift taxes123.Some of the key points are123:
- There are seven federal income tax rates in 2022: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
- The income limits for each tax bracket and filing status are adjusted for inflation.
- The standard deduction for 2022 is $25,900 for married filing jointly, $19,400 for head of household, and $12,950 for single filers.
- The additional standard deduction for those age 65 and over or the blind is $1,400 or $1,750, depending on the filing status.
- The personal exemption is eliminated.
- The estate tax exemption is $12.06 million per individual.
- The annual exclusion for gifts is $15,000 per recipient.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.2022 Federal Income Tax Bracket s and Rates In 2022, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). There are seven federal income tax rates in 2022: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.taxfoundation.org/data/all/federal/2022-tax-brackets/The federal tax brackets are broken down into seven (7) taxable income groups, based on your federal filing statuses (e.g. whether you are single, a head of household, married, etc). The federal income tax rates for 2022 did not change from 2021. They are: 10%, 12%, 22%, 24%, 32%, 35%, and 37%, depending on the tax bracket.www.irs.com/en/2022-federal-income-tax-brackets …Deductions & Exemptions
- Standard Deduction for 2022 $25,900 – Married filing jointly and surviving spouses $19,400 – Head of Household $12,950 – Unmarried individuals ...
www.purposefulfinance.org/home/articles/irs-2022 … - People also ask
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