The IRS released the new tax rates for the 2022 tax year on Nov. 10. Tax bracket upper limits will be raised to reflect the most significant year-over-year inflation since 1990.

The United States has a progressive income tax. As an individual’s income rises, so does their tax liability. There are seven marginal tax rates or brackets as of December 2021:

10%, 12%, 22%, 24%, 32%, 35%, and 37%. Every year, the income to which these rates apply is adjusted to account for inflation.

The tax rate you pay is determined by your filing status and the amount of taxable income you declare each year. The tax brackets might help you figure out how much you’ll owe in taxes for the year. Here are the tax brackets for both the 2021 and 2022 tax years, as well as how to figure out which bracket applies to your taxable income.

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Tax Tables 2021-2022

Single Filers 2021 Tax Year (Filed in 2022)

Income Range	Income Tax Rate
$0 – $9,950	10% tax rate
$9,951 – $40,525	12% tax rate on any income over $9,950
$40,526 – $86,375	22% tax rate on any income over $40,525
$86,376 – $164,925	24% tax rate on any income over $86,375
$164,925 – $209,425	32% tax rate on any income over $164,925
$209,426 – $523,600	35% tax rate on any income over $209,425
$523,601+	37% tax rate on any income over $523,600

Head of Household 2021 Tax Year (Filed in 2022)

Income Range	Income Tax Rate
$0 – $14,200	10% tax rate
$14,201 – $54,200	12% tax rate on any income over $14,200
$54,201 – $86,350	22% tax rate on any income over $54,200
$86,351 – $164,900	24% tax rate on any income over $86,350
$164,901 – $209,400	32% tax rate on any income over $164,900
$209,401 – $523,600	35% tax rate on any income over $209,400
$523,601+	37% tax rate on any income over $523,600

Married Filing Jointly 2021 Tax Year (Filed in 2022)

Income Range	Income Tax Rate
$0 – $19,900	10% tax rate
$19,901 – $81,050	12% tax rate on any income over $19,900
$81,051 – $172,750	22% tax rate on any income over $81,050
$172,751 – $329,850	24% tax rate on any income over $172,750
$329,851 – $418,850	32% tax rate on any income over $329,850
$418,851 – $628,300	35% tax rate on any income over $418,850
$628,301+	37% tax rate on any income over $628,300

Married Filing Separately 2021 Tax Year (Filed in 2022)

Income Range	Income Tax Rate
$0 – $9,950	10% tax rate
$9,951 – $40,525	12% tax rate on any income over $9,950
$40,526 – $86,375	22% tax rate on any income over $40,525
$86,376 – $164,925	24% tax rate on any income over $86,375
$164,926 – $209,425	32% tax rate on any income over $164,925
$209,426 – $314,150	35% tax rate on any income over $209,425
$314,151+	37% tax rate on any income over $314,150

Single Filers 2022 Tax Year (Filed in 2023)

Income Range	Income Tax Rate
$0 – $10,275	10% tax rate
$10,276 – $41,775	12% tax rate on any income over $10,275
$41,776 – $89,075	22% tax rate on any income over $41,775
$89,076 – $170,050	24% tax rate on any income over $89,075
$170,051 – $215,950	32% tax rate on any income over $170,050
$215,951 – $539,900	35% tax rate on any income over $215,950
$539,901+	37% tax rate on any income over $539,900

Married Filing Separately 2022 Tax Year (Filed in 2023)

Income Range	Income Tax Rate
$0 – $10,275	10% tax rate
$10,276 – $41,775	12% tax rate on any income over $10,275
$41,776 – $89,075	22% tax rate on any income over $41,775
$89,076 – $170,050	24% tax rate on any income over $89,075
$170,051 – $215,950	32% tax rate on any income over $170,050
$215,951 – $323,925	35% tax rate on any income over $215,950
$323,926+	37% tax rate on any income over $323,925

Married Filing Jointly 2022 Tax Year (Filed in 2023)

Income Range	Income Tax Rate
$0 – $20,550	10% tax rate
$20,551 – $83,550	12% tax rate on any income over $20,550
$83,556 – $178,150	22% tax rate on any income over $83,550
$178,151 – $340,100	24% tax rate on any income over $178,150
$340,101 – $431,900	32% tax rate on any income over $340,100
$431,901 – $647,850	35% tax rate on any income over $431,900
$647,851+	37% tax rate on any income over $647,850

Head of Household 2022 Tax Year (Filed in 2023)

Income Range	Income Tax Rate
$0 – $14,650	10% tax rate
$14-651 – $55,900	12% tax rate on any income over $14,650
$55,901 – $89,050	22% tax rate on any income over $55,900
$89,051 – $170,050	24% tax rate on any income over $89,050
$170,051 – $215,950	32% tax rate on any income over $170,050
$215,951 – $539,900	35% tax rate on any income over $215,950
$539,901+	37% tax rate on any income over $539,900

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Frequently Asked Questions (FAQ)

What are the 2022 federal tax brackets?

The federal tax brackets 2021 and federal tax brackets 2022 are similar in the marginal tax rates but vary slightly when it comes to the qualifying tax brackets. As of December in 2021, the 2021-2022 tax brackets are separated into 7 income categories that apply federal tax at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. To get a better idea of your federal tax rate, refer to our detailed graphs.

What are tax brackets for 2021-2022?

The federal income tax brackets 2021-2022 can be separated into four categories that will likely change your tax rates. This is determined by the way you file. Right now, you can file your federal tax rates:

As a single filer.
As a head of household (i.e., single parent or someone that qualifies with dependents).
Married, but filing separately.
Married and filing jointly.

How do you calculate federal income tax?

Divide the amount of income that will be taxed into each appropriate bracket to get your 2021 income tax brackets. Each tax bracket has a different federal income tax rate. Your filing status determines which category you fall into single, married filing jointly, married filing separately, or head of household.

Your marginal tax bracket is the tax bracket in which your highest income falls. This is the highest tax bracket, and it applies to the highest share of your income.

For example, if you are single and earn $85,000 under 2022 federal tax brackets, your marginal tax rate will be 22%. However, some of your income will be taxed at the lower tax bands of 10% and 12%.

What percentage of your income can you expect to pay in federal income taxes?

Refer to our chart and begin your calculations to figure out what percentage you will have to pay within current tax brackets. For example, if you are a single filer and earn $100,000, that doesn’t mean your federal income tax within the 2021 tax tables will be 24%. Instead, you’ll be taxed 24% on anything you made over $86,376. Below that, you’ll be paying 22% on any income you made between $40,526 – $86,375.

If you keep following the federal withholding tax table 2021-2022, you’ll be able to understand what percentage of income you can expect to pay within the separate income tax brackets.

What is the standard deduction for over 65 in 2021-2022?

If you’re over 65, you have some perks when filing federal income tax 2021-2022. Most households have a standard deduction amount set up by IRS tax brackets 2021. This is separated into three different tax brackets 2021 and 2022.

Single or Married Filing Separately

2021 federal tax brackets will include a standard deduction of $12,550, whereas 2022 will set the deduction rate to $12,950.

2. Married Filing Jointly & Surviving Spouses

2021 tax brackets will include a standard deduction of $25,100, whereas 2022 will set the deduction rate to $25,900.

3. Head of Household

The tax bracket 2021 will include a standard deduction of $18,800, whereas 2022 will set the deduction rate to $19,400.

If you’re married and filing jointly or separately over 65, you’ll receive an additional $1,350 to your deduction in 2021 and $1,400 in 2022. If you’re filing your IRS income tax rates 2021 as a single 65-year-old or head of household 65 or older, you’ll receive an additional $1,700 toward your deduction and $1,750 for 2022.

What is the federal tax rate on 80000?

The federal income tax brackets 2021-2022 on $80,000 is 22%. However, US tax brackets 2021 and the system the country upholds allow for marginal or progressive 2021 tax rates. This means that you won’t find the tax bracket calculator spitting out the full $17,600. You’d be more likely to see your 2021 tax rates around $10,629.

Follow our graph to understand how we got to that number.

How can I reduce my taxable income 2021-2022?

Unless you’re trying to qualify for a mortgage at a higher amount, you may be better off finding deductions and credits to offset your federal income tax 2021-2022.

Using federal tax brackets with tax deductions such as charitable gifts or deducting property taxes and mortgage interest paid on a house loan and property taxes can drop your income into a lower federal tax bracket. Deductions can reduce the amount of money you pay in income tax 2021 and 2022.

For example, earned income tax credits and child tax credits can help you get into lower federal tax rates 2022-22. They allow you to get a dollar-for-dollar decrease on your tax bill.

What is the standard deduction for senior citizens in 2021-2022?

The standard deduction for senior citizens according to income tax brackets 2021 you’ll receive between $13,900 – $26,850 depending on how you file. According to tax brackets 2022-22, you could receive $14,700 – 27,300.

How do I figure out tax rate?

To figure out your tax rates 2021-2022, you’ll need to calculate both your potential deductions along with your income tax brackets 2021-2022 . Refer to our 2021-22 federal tax tables to understand the federal income tax rate calculator.

You may be wondering, “But what is my tax bracket?”

Your federal income tax brackets will be the highest % you will be taxed on, but that doesn’t mean your entire income will be taxed within that 2021 tax bracket. Instead, you’ll go through the progressive us tax brackets system and get taxed incrementally within each graph, depending on how you file and which federal income tax brackets 2021-22 you fall into.

What is highest tax bracket?

The highest tax brackets 2021-22 is rated at 37% for both federal income tax brackets 2021 and 2022. The income you’ll need to make to reach the highest 2021 brackets and 2022 is determined by how you file, i.e., single, married, etc.

How much federal tax do you pay on $50000?

If you’re looking at taxes 2021 on $50,000, according to our charts and the standard IRS tax tables 2021 deduction, you may have to pay around $4,296 in federal tax rates 2021.

What tax bracket is 85000 per year?

No matter how you file or if it’s 2021 or 2021, your tax bracket, if your income is $85,000, will be 22%.

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We provide you a free home valuation and a breakdown of your closing costs to show you how much you will save and the amount of cash you will receive at closing

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2021-2022 Tax Brackets for Federal Income Taxes