2022 TAX RATES SCHEDULE X – SINGLE
IF TAXABLE INCOME IS OVER BUT NOT OVER THE TAX IS
$0 $10,275 10% of the taxable amount
$10,275 $41,775 $1,027.50 plus 12% of the excess over $10,275
$41,775 $89,075 $4,807.50 plus 22% of the excess over $41,775
$89,075 $170,050 $15,213.50 plus 24% of the excess over $89,075
$170,050 $215,950 $34,647.50 plus 32% of the excess over $170,050
$215,950 $539,900 $49,335.50 plus 35% of the excess over $215,950
$539,900 no limit $162,718.00 plus 37% of the excess over $539,900
2022 TAX RATES SCHEDULE Y-1 – MARRIED FILING JOINTLY OR QUALIFYING WIDOW(ER)
If taxable income is over But not over The tax is
$0 $20,550 10% of the taxable amount
$20,550 $83,550 $2,055.00 plus 12% of the excess over $20,550
$83,550 $178,150 $9,615.00 plus 22% of the excess over $83,550
$178,150 $340,100 $30,427.00 plus 24% of the excess over $178,150
$340,100 $431,900 $69,295.00 plus 32% of the excess over $340,100
$431,900 $647,850 $98,671.00 plus 35% of the excess over $431,900
$647,850 no limit $174,253.50 plus 37% of the excess over $647,850
2022 TAX RATES SCHEDULE Y-2 – MARRIED FILING SEPARATELY
If taxable income is over But not over The tax is
$0 $10,275 10% of the taxable amount
$10,275 $41,775 $1,027.50 plus 12% of the excess over $10,275
$41,775 $89,075 $4,807.50 plus 22% of the excess over $41,775
$89,075 $170,050 $15,213.50 plus 24% of the excess over $89,075
$170,050 $215,950 $34,647.50 plus 32% of the excess over $170,050
$215,950 $323,925 $49,335.50 plus 35% of the excess over $215,950
$323,925 no limit $87,126.75 plus 37% of the excess over $323,925
2022 TAX RATES SCHEDULE Z – HEAD OF HOUSEHOLD
If taxable income is over But not over The tax is
$0 $14,650 10% of the taxable amount
$14,650 $55,900 $1,465.00 plus 12% of the excess over $14,650
$55,900 $89,050 $6,415.00 plus 22% of the excess over $55,900
$89,050 $170,050 $13,708.00 plus 24% of the excess over $89,050
$170,050 $215,950 $33,148.00 plus 32% of the excess over $170,050
$215,950 $539,900 $47,836.00 plus 35% of the excess over $215,950
$539,900 no limit $161,218.50 plus 37% of the excess over $539,900
2022 TAX RATES ESTATES & TRUSTS
If taxable income is over But not over The tax is
$0 $2,750 10% of the taxable income
$2,750 $9,850 $275 plus 24% of the excess over $2,750
$9,850 $13,450 $1,979 plus 35% of the excess over $9,850
$13,450 no limit $3,239 plus 37% of the excess over $13,450
SOCIAL SECURITY 2022 TAX RATES
Base Salary $147,000
Social Security Tax Rate 6.20%
Maximum Social Security Tax $9,114
Medicare Base Salary unlimited
Medicare Tax Rate 1.45%
ADDITIONAL MEDICARE 2022 TAX RATES
Additional Medicare Tax 0.90%
Filing status Compensation over
Married filing jointly $250,000
Married filing separate $125,000
Single $200,000
Head of household (with qualifying person) $200,000
Qualifying widow(er) with dependent child $200,000
EDUCATION 2022 CREDIT AND DEDUCTION LIMITS
American Opportunity Tax Credit (Hope) $2,500
Lifetime Learning Credit $2,000
Student Loan Interest Deduction $2,500
Coverdell Education Savings Contribution $2,000
MISCELLANEOUS 2022 TAX RATES
Standard Deduction:
  • Married filing jointly or Qualifying Widow(er)
 $25,900
  • Head of household
 $19,400
  • Single or Married filing separately
 $12,950
Business Equipment Expense Deduction $1,080,000
Prior-year safe harbor for estimated taxes of higher-income 110% of your 2021 tax liability
Standard mileage rate for business driving 58.5 cents Jan. 1 – June 30, 2022; 62.5 cents July 1 – Dec. 31, 2022
Standard mileage rate for medical/moving driving 18 cents Jan. 1 – June 30, 2022; 22 cents July 1 – Dec. 31, 2022
Standard mileage rate for charitable driving 14 cents
Child Tax Credit $2,000 per qualifying child
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $83,350 for joint filers and surviving spouses, $55,800 for heads of household, $41,675 for single filers, $41,675 for married taxpayers filing separately, and $2,800 for estates and trusts 0%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $517,200 for joint filers and surviving spouses, $488,500 for heads of household, $459,750 for single filers, $258,600 for married taxpayers filing separately, and $13,700 for estates and trusts 15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $517,200 for joint filers and surviving spouses, $488,500 for heads of household, $459,750 for single filers, $258,600 for married taxpayers filing separately, and $13,700 for estates and trusts 20%
Long-term gain attributable to certain depreciation recapture 25%
Capital gains tax rate on collectibles and qualified small business stock 28%
Maximum contribution for Traditional/Roth IRA $6,000 if under age 50
$7,000 if 50 or older
Maximum employee contribution to SIMPLE IRA $14,000 if under age 50
$17,000 if 50 or older
Maximum Contribution to SEP IRA 25% of compensation up to $61,000
401(k) maximum employee contribution limit $20,500 if under age 50
$27,000 if 50 or older
Self-employed health insurance deduction 100%
Estate tax exemption $12,060,000
Annual Exclusion for Gifts $16,000
Foreign Earned Income Exclusion $112,000