We've compiled everything you need to know about 2022 US Federal Tax brackets and rates in this 2022 tax quick guide. Curious about when you need to file your taxes for this year? Take a close look at all of the deadlines you'll need to meet in our other post here.
Every year the IRS makes slight updates and tweaks to their tax brackets for different tax filer types. These are the updated numbers for the 2022 tax year. Before looking at the different tax brackets, it's important to first understand how they work.
How each tax bracket works
The United States utilizes marginal tax rates for tax filing, which means that you can't just go to the line that includes your amount of income and take that tax rate percentage at face value. Marginal tax rates actually result in you paying less taxes than if the US had flat tax rates, so this ultimately is a good thing for tax filers.
Here's how to read the chart - for the corresponding income levels, you are taxed the corresponding tax rate percentage for each of those levels respectively. So if you make $100,000 and a single filer, you will pay 10% on income up to $10,275, 12% for your income between $10,276 to $41,775, 22% for income between $41,776 to $89,075 and so on. While your total income would fall into the 24% tax bracket, your marginal tax rate actually ends up being much less than that because only income over $89,076 would be taxed at the highest 24% rate. Everything under it would be taxed at their respective lower rates.
This will make a little bit more sense as you start looking at the charts below. This is also why getting a raise is never going to result in you making less money at your job. Raises may mean that the upper portions of your income are taxed in a new bracket, but your total income is still taxed along the lines of the marginal tax rates.
Now that we've gone through the basics, let's take a look at the 2022 tax rates for the US, put out by the IRS.
Tax Brackets for Single Filers
|
Tax Rate Percentage |
Income Level (Single) |
| 10% | Up to $10,275 |
| 12% | $10,276 to $41,775 |
| 22% | $41,776 to $89,075 |
| 24% | $89,076 to $170,050 |
| 32% | $170,051 to $215,950 |
| 35% | $215,951 to $539,900 |
| 37% | Over $539,900 |
Tax Brackets for Married Filing Jointly
|
Tax Rate Percentage |
Income Level (Married Filing Jointly) |
| 10% | Up to $20,550 |
| 12% | $20,551 to $83,550 |
| 22% | $83,551 to $178,150 |
| 24% | $178,151 to $340,100 |
| 32% | $340,101 to $431,900 |
| 35% | $431,901 to $647,850 |
| 37% | Over $647,850 |
Tax Brackets for Head of Household
|
Tax Rate Percentage |
Income Level (Head of Household) |
| 10% | Up to $14,650 |
| 12% | $14,651 to 55,900 |
| 22% | $55,901 to 89,050 |
| 24% | $89,051 to $170,050 |
| 32% | $170,051 to 215,950 |
| 35% | $215,951 to $539,900 |
| 37% | Over $539,900 |
Tax Brackets for Married Filing Separately
|
Tax Rate Percentage |
Income Level (Married Filing Separately) |
| 10% | Up to $10,275 |
| 12% | $10,276 TO $41,775 |
| 22% | $41,775 to $89,075 |
| 24% | $89,076 to $170,050 |
| 32% | $170,051 to 215,950 |
| 35% | $215,951 to $323,925 |
| 37% | Over $332,925 |
These are the margincal tax rates and brackets for the 2022 tax filing year. If you'd like to learn more about other information for tax filing, take a look at our helpful guide here.
