Tax Rates for 2022
Current Tax Tables for Personal and Business Taxes
Rely on Michelle Hazleton for Accurate Tax Rates
You can depend on Michelle Hazleton to know the correct tax rates for 2022. The United States has a progressive tax system with seven tax brackets and tax rates. This means people with higher taxable incomes pay higher federal income tax rates. People with lower taxable incomes have lower rates. No matter which bracket you are in, you will not pay that tax rate on your entire income. See the charts below for the various tax rates for single, married filing single, and married filing jointly. Contact Michelle Hazleton online, or call (570) 735-0418 to schedule a tax meeting today.
Single and Married Filing Single
| Tax Rate: | Taxable Income Bracket: | Taxes Owed: |
|---|---|---|
| 10% | $0 to $10,275 | 10% of taxable income |
| 12% | $10,276 to $41,775 | $1,027.50 plus 12% of the amount over $10,275 |
| 22% | $41,776 to $89,075 | $4,807.50 plus 22% of the amount over $41,775 |
| 24% | $89,076 to $170,050 | $15,213.50 plus 24% of the amount over $89,075 |
| 32% | $170,051 to $215,950 | $34,647.50 plus 32% of the amount over $170,050 |
| 35% | $215,951 to $539,900 | $49,335.50 plus 35% of the amount over $215,950 |
| 37% | $539,901 or more | $162,718 plus 37% of the amount over $539,900 |
Married Filing Jointly
| Tax Rate: | Taxable Income Bracket: | Taxes Owed: |
|---|---|---|
| 10% | $0 to $20,550 | 10% of taxable income |
| 12% | $20,551 to $83,550 | $2,055 plus 12% of the amount over $20,550 |
| 22% | $83,551 to $178,150 | $9,615 plus 22% of the amount over $83,550 |
| 24% | $178,151 to $340,100 | $30,427 plus 24% of the amount over $178,150 |
| 32% | $340,101 to $431,900 | $69,295 plus 32% of the amount over $340,100 |
| 35% | $431,901 to $647,850 | $98,671 plus 35% of the amount over $431,900 |
| 37% | $647,851 or more | $174,253.50 plus 37% of the amount over $647,850 |
Head of Household
| Tax Rate: | Taxable Income Bracket: | Taxes Owed: |
|---|---|---|
| 10% | $0 to $20,550 | 10% of taxable income |
| 12% | $20,551 to $83,550 | $2,055 plus 12% of the amount over $20,550 |
| 22% | $83,551 to $178,150 | $9,615 plus 22% of the amount over $83,550 |
| 24% | $178,151 to $340,100 | $30,427 plus 24% of the amount over $178,150 |
| 32% | $340,101 to $431,900 | $69,295 plus 32% of the amount over $340,100 |
| 35% | $431,901 to $647,850 | $98,671 plus 35% of the amount over $431,900 |
| 37% | $647,851 or more | $174,253.50 plus 37% of the amount over $647,850 |
Michelle Hazleton CPA, PC Offers Professional Personal Tax Services
Michelle Hazleton CPA, PC looks at each client as an individual. You can count on us making your return quick and easy while tailoring it to your financial situation. Make sure you are tax compliant. Trust Michelle Hazleton CPA, PC for all your tax needs including:
Trust Michelle Hazelton, CPA, PC to make sure you get the best refund for your tax rate.
