2022 Tax Rates

2022 Tax Rates Schedule X — Single
If taxable income is overBut not overThe tax is
$0$10,27510% 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
$539,900no limit$162,718 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 overBut not overThe tax is
$0$20,55010% of the taxable amount
$20,550$83,550$2,055 plus 12% of the excess over $20,550
$83,550$178,150$9,615 plus 22% of the excess over $83,550
$178,150$340,100$30,427 plus 24% of the excess over $178,150
$340,100$431,900$69,295 plus 32% of the excess over $340,100
$431,900$647,850$98,671 plus 35% of the excess over $431,900
$647,850no 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 overBut not overThe tax is
$0$10,27510% 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 $215,950
$215,950$323,925$49,335.50 plus 35% of the excess over $215,950
$323,925no limit$87,126.75 plus 37% of the excess over $323,925

2022 Tax Rates Schedule Z - Head of Household
If taxable income is overBut not overThe tax is
$0$14,65010% of the taxable amount
$14,650$55,900$1,465 plus 12% of the excess over $14,650
$55,900$89,050$6,415 plus 22% of the excess over $55,900
$89,050$170,050$13,708 plus 24% of the excess over $89,050
$170,050$215,950$33,148 plus 32% of the excess over $170,050
$215,950$539,900$47,836 plus 35% of the excess over $215,950
$539,900no limit$161,218.50 plus 37% of the excess over $539,900

2022 Tax Rates Estates & Trusts
If taxable income is overBut not overThe tax is
$0$2,75010% 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
$13,450no limit$3,239 plus 37% of the excess over $13,450

Social Security 2022 Tax Rates
Base Salary$147,000
Social Security Tax Rate6.20%
Maximum Social Security Tax$9,114.60
Medicare Base Salaryunlimited
Medicare Tax Rate1.45%

Additional Medicare 2022 Tax Rates
Additional Medicare Tax0.90%
Filing statusCompensation 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 filling separately$12,950
Business Equipment Expense Deduction$1,080,800
Prior-year safe harbor for estimated taxes of higher-income110% of your 2021 tax liability
Standard mileage rate for business driving58.5 cents per mile (62.5 cents per mile beginning July 1)
Standard mileage rate for medical/moving driving18 cents (22 cents per mile beginning July 1)
Standard mileage rate for charitable driving14 cents
Child Tax Credit$2,000 per qualifying child
Maximum capital gains tax rate for taxpayers with adjusted net capital gain up to $80,800 for joint filers and surviving spouses, $54,100 for heads of household, $40,400 for single filers, $40,400 for married taxpayers filing separately, and $2,700 for estates and trusts0%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over the amount subject to the 0% rate, and up to $501,600 for joint filers and surviving spouses, $473,750 for heads of household, $445,850 for single filers, $250,800 for married taxpayers filing separately, and $13,250 for estates and trusts15%
Maximum capital gains tax rate for taxpayers with adjusted net capital gain over $501,600 for joint filers and surviving spouses, $473,750 for heads of household, $445,850 for single filers, $250,800 for married taxpayers filing separately, and $13,250 for estates and trusts20%
Long-term gain attributable to certain depreciation recapture25%
Capital gains tax rate on collectibles and qualified small business stock28%
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 IRA25% of compensation up to $58,000
401(k) maximum employee contribution limit$20,500 if under age 50
$27,000 if 50 or older
Self-employed health insurance deduction100%
Estate tax exemption$12,060,000
Annual Exclusion for Gifts$16,000
Foreign Earned Income Exclusion$112,000