TAX RATES

2022 Tax Rates - Single Taxpayers - Standard Deduction $12,950

0% - 0 to $10,275

12% - $10,275 to $41,775

22% - $41,775 to $89,075

24% - $89,075 to $170,050

32% - $170,050 to $215,950

35% - $215,950 to $539,900

37% - Over $539,900

2022 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $25,900

0% - 0 to $20,550

12% - $20,550 to $83,550

22% - $83,550 to $178,150

24% - $178,150 to $340,100

32% - $340,100 to $431,900

35% - $431,900 to $647,850

37% - Over $647,850

2022 Tax Rates - Married Filing Separately - Standard Deduction $12,950

10% - 0 to $10,275

12% - $10,275 to $41,775

22% - $41,775 to $89,075

24% - $89,075 to $170,050

32% - $170,050 to $215,950

35% - $215,950 to $323,925

37% - Over $323,925

2022 Tax Rates - Head of Household - Standard Deduction $19,400

10% - 0 to $14,650

12% - $14,650 to $55,900

22% - $55,900 to $89,050

24% - $89,050 to $170,050

32% - $170,050 to $215,950

35% - $215,950 to $539,900

37% - Over $539,900

2022 Tax Rates - Estates & Trusts

10% - 0 to $2,750

24% - $2,750 to $9,850

35% - $9,850 to $13,450

37% - Over $13,450

Social Security - 2022 Tax Rates

• Social Security Tax Rate: Employers - 6.2%
• Social Security Tax Rate: Employees - 6.2%
• Social Security Tax Rate: Self-Employed - 15.3%
• Maximum Taxable Earnings - $147,000
• Medicare Base Salary - Unlimited
• Medicare Tax Rate: Employers - 1.45%
• Medicare Tax Rate: Employees - 1.45%
• Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers) - 0.9%
• Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers) - 3.8%