Menu

INFLATION ADJUSTMENTS ANNOUCED FOR 2022 TAX YEAR


Posted on November 23, 2021

The Internal Revenue Service (IRS) announced a series of inflation adjustments for dozens of tax provisions for the 2022 tax year. There will be seven tax brackets. Those are:

– 37% for incomes over $539,900 ($647,850 for married couples filing jointly)
– 35%, for incomes over $215,950 ($431,900 for married couples filing jointly)
– 32% for incomes over $170,050 ($340,100 for married couples filing jointly)
– 24% for incomes over $89,075 ($178,150 for married couples filing jointly)
– 22% for incomes over $41,775 ($83,550 for married couples filing jointly)
– 12% for incomes over $10,275 ($20,550 for married couples filing jointly)
– 10% for incomes of $10,275 or less ($20,550 for married couples filing jointly)

Standard deductions for tax year 2022 will be going up. Those will be:

– Married couples filing jointly: $25,900 up $800 from the prior year
– Single taxpayers and married individuals filing separately: $12,950, up $400
– Heads of household: $19,400, up $600.


« Return To Blog

Speak With A Tax Resolution Expert

1-877-447-7529


Chicago Area Tax Attorneys

IRS Trouble Solvers

100 S. York Rd. Ste. 214
Elmhurst, IL 60126
IRS Trouble Solvers, Tax Consultant, Chicago IL
Featured in WBBM
Proud Member of the
American Society of Tax Problem Solvers



© 2022 IRS Trouble Solvers, LLC. - Privacy Policy - Terms and Conditions
Disclaimer