Broker Check

2022 Tax Rates

Income Tax Brackets

Filing Status:

  • If Taxable Income Is:   The Tax Is:

    • $0 to $10,275 10% of taxable income
    • $10,275 to $41,775 $1,027.50 + 12% of the amount over $10,275
    • $41,775 to $89,075 $4,807.50 + 22% of the amount over $41,775
    • $89,075 to $170,050 $15,213.50 + 24% of the amount over $89,075
    • $170,050 to $215,950 $34,647.50 + 32% of the amount over $170,050
    • $215,950 to $539,900 $49,335.50 + 35% of the amount over $215,950
    • Over $539,900 $162,718 + 37% of the amount over $539,900
  • If Taxable Income Is:   The Tax Is:

    • $0 to $14,650 10% of taxable income
    • $14,650 to $55,900 $1,465 + 12% of the amount over $14,650
    • $55,900 to $89,050 $6,415 + 22% of the amount over $55,900
    • $89,050 to $170,050 $13,708 + 24% of the amount over $89,050
    • $170,050 to $215,950 $33,148 + 32% of the amount over $170,050
    • $215,950 to $539,900 $47,836 + 35% of the amount over $215,950
    • Over $539,900 $161,218.50 + 37% of the amount over $539,900
  • If Taxable Income Is:   The Tax Is:

    • $0 to $20,550 10% of taxable income
    • $20,550 to $83,550 $2,055 + 12% of the amount over $20,550
    • $83,550 to $178,150 $9,615 + 22% of the amount over $83,550
    • $178,150 to $340,100 $30,427 + 24% of the amount over $178,150
    • $340,100 to $431,900 $69,295 + 32% of the amount over $340,100
    • $431,900 to $647,850 $98,671 + 35% of the amount over $431,900
    • Over $647,850 $174,253.50 + 37% of the amount over $647,850
  • If Taxable Income Is:   The Tax Is:

    • $0 to $9,700 10% of taxable income
    • $9,700 to $39,475 $970.00 + 12% of the amount over $9,700
    • $39,475 to $84,200 $4,543.00 + 22% of the amount over $39,475
    • $84,200 to $160,725 $14,382.50 + 24% of the amount over $84,200
    • $160,725 to $204,100 $32,748.50 + 32% of the amount over $160,725
    • $204,100 to $306,175 $46,628.50 + 35% of the amount over $204,100
    • Over $306,175 $82,354.75 + 37% of the amount over $306,175

Standard Mileage Rate

Use Rate

  • Business For January 1 through June 30 of this year, the rate is set at 58.5 cents per mile. The rate will then rise to 62.5 cents per mile for the period from July 1 through December 31.
  • Medical Care or Move 18 cents
  • Charitable 14 cents