We are pleased to present to you the updated 2022 Tax Rates from the IRS. Calculating tax rates can be confusing. This is why hiring experts like Kenyon & Associates assures that you take full benefit of all available deductions and credits, and receive the maximum tax return applicable to your unique situation. We understand the complexity of the US tax code and stay up to date with its newest changes.
Tax rates tables for the fiscal year 2022
If you are filing as "Married Filing Jointly", your tax rate will be based on the total income between you and your spouse.
| Total Taxable Income - Married Filing Jointly | Tax Rate |
|---|---|
| $0 - $20,550 | 10% tax rate |
| $20,550 - $83,550 | 12% tax rate |
| $83,550 - $178,150 | 22% tax rate |
| $178,150 - $340,100 | 24% tax rate |
| $340,100 - $431,900 | 32% tax rate |
| $431,900 - $647,850 | 35% tax rate |
| Above $647,850 | 37% tax rate |
If your filing status is "Single", check the tax rate that applies to your total taxable income by using the table below.
| Total Taxable Income - Single | Tax Rate |
|---|---|
| $0 - $10,275 | 10% tax rate |
| $10,275 - $41,775 | 12% tax rate |
| $41,775 - $89,075 | 22% tax rate |
| $89,075 - $170,050 | 24% tax rate |
| $170,050 - $215,950 | 32% tax rate |
| $215,950 - $539,900 | 35% tax rate |
| Above $539,900 | 37% tax rate |
Review the tax rates for status as "Head of Household" noted here.
| Total Taxable Income - Head of Household | Tax Rate |
|---|---|
| $0 - $14,650 | 10% tax rate |
| $14,650 - $55,900 | 12% tax rate |
| $55,900 - $89,050 | 22% tax rate |
| $89,050 - $170,050 | 24% tax rate |
| $170,050 - $215,950 | 32% tax rate |
| $215,950 - $539,900 | 35% tax rate |
| Above $539,900 | 37% tax rate |
The following tax rate table applies to the status "Married Filing Separately".
| Total Taxable Income - Married Filing Separately | Tax Rate |
|---|---|
| $0 - $10,275 | 10% tax rate |
| $10,275 - $41,775 | 12% tax rate |
| $41,775 - $89,075 | 22% tax rate |
| $89,075 - $170,050 | 24% tax rate |
| $170,050 - $215,950 | 32% tax rate |
| $215,950 - $323,925 | 35% tax rate |
| Above $323,925 | 37% tax rate |
In addition, the 2019 "Standard Mileage Rates" are noted here for your convenience.
The data below is informational only. Rest assured that the staff of Kenyon & Associates will discuss with you if deducting mileage if applicable and beneficial to your tax returns.
| Reason For Mileage Used | 2022 Rate |
|---|---|
| Business Mileage | 58.5 cents per mile |
| Medical Care Mileage or Moving Mileage | 20 cents per mile |
| Charitable Mileage | 14 cents per mile |