2022 Tax Rates
2022 Tax Brackets
| Tax Rate | Single filers | Married Filing Jointly or Qualifying Widow(er) | Married Filing Separately | Head of Household |
| 10% | Not Over $10,275 | Not over $20,550 | Not over $10,275 | Not over $14,650 |
| 12% | Over $10,275 but not over $41,775 | Over $20,550 but not over $83,550 | Over $10,275 but not over $41,775 | Over $14,650 but not over $55,900 |
| 22% | Over $41,775 but not over $89,075 | Over $83,550 but not over $178,150 | Over $41,775 but not over $89,075 | Over $55,900 but not over $89,050 |
| 24% | Over $89,075 but not over $170,050 | Over $178,150 but not over $340,100 | Over $89,075 but not over $170,050 | Over $89,050 but not over $170,050 |
| 32% | Over $170,050 but not over $215,950 | Over $340,100 but not over $431,900 | Over $170,050 but not over $215,950 | Over $170,050 but not over $215,950 |
| 35% | Over $215,950 but not over $539,900 | Over $431,900 but not over $647,850 | Over $215,950 but not over $323,925 | Over $215,950 but not over $539,900 |
| 37% | Over $539,900 | Over $647,850 | Over $323,925 | Over $539,900 |
| Standard Deduction | $12,950 | $25,900 | $12,950 | $19,400 |
Captial Gains
| Tax-filing status | Single | Married, filing jointly | Married, filing separately | Head of household |
| 0% | $0 to $41,675 | $0 to $83,350 | $0 to $41,675 | $0 to $55,800 |
| 15% | $41,676 to $459,750 | $83,351 to $517,200 | $41,676 to $258,600 | $55,801 to $488,500 |
| 20% | $459,751 or more | $517,201 or more | $258,601 or more | $488,501 or more |
Social Security
| 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 | 12.4% |
| Maximum Taxable Earnings | $1,47,000 |
| Medicare Base Salary | No Limit |
| Medicare Tax Rate: Employers | 1.45% |
| Medicare Tax Rate: Employees | 1.45% |
| Medicare Tax Rate: Self-Employeed | 2.9% |
| 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% |
Education
| Education | 2022 Tax Rates |
| American Opportunity Credit (Hope) | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
2021-2022 Standard Meal Rates for Family Child Care Providers
| 2021-2022 CACFP Reimbursement Rates (July 1, 2020-June 30, 2021) | ||
| Continental U.S. | Tier 1 | Tier 2 |
| For each breakfast | $1.40 | $0.51 |
| For each lunch or supper | $2.63 | $1.59 |
| For each snack (up to 3 per day for each child) | $0.78 | $0.21 |
| Alaska | Tier 1 | Tier 2 |
| For each breakfast | $2.23 | $0.79 |
| For each lunch or supper | $4.26 | $2.57 |
| For each snack (up to 3 per day for each child) | $1.27 | $0.35 |
| Hawaii | Tier 1 | Tier 2 |
| For each breakfast | $1.63 | $0.58 |
| For each lunch or supper | $3.08 | $1.86 |
| For each snack (up to 3 per day for each child) | $0.91 | $0.25 |
2021 Miscellaneous
| Miscellaneous | 2021 Tax Rates |
| Business expensing limit: Cap on equipment purchases | $2,620,000 |
| Business expensing limit: New and Used Equipment and Software | $1,050,000 |
| Qualified Business Income threshold amount: | $164,900 (single and head of household); $329,800 (married filing joint return) |
| Qualified Small Employer Health Reimbursement Arrangement limit: | $5,300 (single coverage); $10,700 (family coverage) |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2019 tax liability |
| The standard mileage rate for business driving | 56 cents |
| The standard mileage rate for moving driving | 16 cents |
| The standard mileage rate for medical driving | 16 cents |
| The standard mileage rate for moving driving – Members of the Armed Forces on active duty who move because of a permanent change of station | 16 cents |
| The standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit – Age 5 and under at the end of 2021 | $3,600 |
| Child Tax Credit – Age 6-17 at the end of 2021 | $3,000 |
| Unearned income maximum for children under 19 before kiddie tax applies | $1,100 |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| The maximum contribution for Traditional/Roth IRA | $6,000 if under age 50 |
| $7,000 if 50 or older | |
| Maximum employee contribution to SIMPLE IRA | $13,500 if under age 50 |
| $16,500 if 50 or older | |
| Maximum Contribution to SEP IRA | 25% of eligible compensation |
| up to $57,000 | |
| 401(k) maximum employee contribution limit | $19,500 if under age 50 |
| $26,000 if 50 or older | |
| Estate tax exemption | $11,700,000 |
| Annual Exclusion for Gifts | $15,000 |
2021 Tax Brackets
| Tax Rate | Single filers | Married Filing Jointly or Qualifying Widow(er) | Married Filing Separately | Head of Household |
| 10% | $0 to $9,950 | $0 to $19,900 | $0 to $9,950 | $0 to $14,200 |
| 12% | $9,951 to $40,525 | $19,901 to $81,050 | $9,951 to $40,525 | $14,201 to $54,200 |
| 22% | $40,526 to $86,375 | $81,051 to $172,750 | $40,526 to $86,375 | $54,201 to $86,350 |
| 24% | $86,376 to $164,925 | $172,751 to $329,850 | $86,376 to $164,925 | $86,351 to $164,900 |
| 32% | $164,926 to $209,425 | $329,851 to $418,850 | $164,926 to $209,425 | $164,901 to $209,400 |
| 35% | $209,426 to $523,600 | $418,851 to $628,300 | $209,426 to $314,150 | $209,401 to $523,600 |
| 37% | $523,601 or more | $628,301 or more | $314,151 or more | $523,601 or more |
| Standard Deduction | $12,550 | $25,100 | $12,550 | $18,800 |
Captial Gains
| Tax-filing status | Single | Married, filing jointly | Married, filing separately | Head of household |
| 0% | $0 to $40,400 | $0 to $80,800 | $0 to $40,400 | $0 to $54,100 |
| 15% | $40,401 to $445,850 | $80,801 to $501,600 | $40,401 to $250,800 | $54,101 to $473,750 |
| 20% | $445,851 or more | $501,601 or more | $250,801 or more | $473,751 or more |
Social Security
| Social Security | 2021 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 | $142,800 |
| Medicare Base Salary | No Limit |
| 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% |
Education
| Education | 2020 Tax Rates |
| American Opportunity Credit (Hope) | $2,500 |
| Lifetime Learning Credit | $2,000 |
| Student Loan Interest Deduction | $2,500 |
| Coverdell Education Savings Contribution | $2,000 |
2021-2022 Standard Meal Rates for Family Child Care Providers
| 2021-2022 CACFP Reimbursement Rates (July 1, 2020-June 30, 2021) | ||
| Continental U.S. | Tier 1 | Tier 2 |
| For each breakfast | $1.40 | $0.51 |
| For each lunch or supper | $2.63 | $1.59 |
| For each snack (up to 3 per day for each child) | $0.78 | $0.21 |
| Alaska | Tier 1 | Tier 2 |
| For each breakfast | $2.23 | $0.79 |
| For each lunch or supper | $4.26 | $2.57 |
| For each snack (up to 3 per day for each child) | $1.27 | $0.35 |
| Hawaii | Tier 1 | Tier 2 |
| For each breakfast | $1.63 | $0.58 |
| For each lunch or supper | $3.08 | $1.86 |
| For each snack (up to 3 per day for each child) | $0.91 | $0.25 |
2021 Miscellaneous
| Miscellaneous | 2021 Tax Rates |
| Business expensing limit: Cap on equipment purchases | $2,620,000 |
| Business expensing limit: New and Used Equipment and Software | $1,050,000 |
| Qualified Business Income threshold amount: | $164,900 (single and head of household); $329,800 (married filing joint return) |
| Qualified Small Employer Health Reimbursement Arrangement limit: | $5,300 (single coverage); $10,700 (family coverage) |
| Prior-year safe harbor for estimated taxes of higher-income | 110% of your 2019 tax liability |
| The standard mileage rate for business driving | 56 cents |
| The standard mileage rate for moving driving | 16 cents |
| The standard mileage rate for medical driving | 16 cents |
| The standard mileage rate for moving driving – Members of the Armed Forces on active duty who move because of a permanent change of station | 16 cents |
| The standard mileage rate for charitable driving | 14 cents |
| Child Tax Credit – Age 5 and under at the end of 2021 | $3,600 |
| Child Tax Credit – Age 6-17 at the end of 2021 | $3,000 |
| Unearned income maximum for children under 19 before kiddie tax applies | $1,100 |
| Capital gains tax rate for unrecaptured Sec. 1250 gains | 25% |
| Capital gains tax rate on collectibles | 28% |
| The maximum contribution for Traditional/Roth IRA | $6,000 if under age 50 |
| $7,000 if 50 or older | |
| Maximum employee contribution to SIMPLE IRA | $13,500 if under age 50 |
| $16,500 if 50 or older | |
| Maximum Contribution to SEP IRA | 25% of eligible compensation |
| up to $57,000 | |
| 401(k) maximum employee contribution limit | $19,500 if under age 50 |
| $26,000 if 50 or older | |
| Estate tax exemption | $11,700,000 |
| Annual Exclusion for Gifts | $15,000 |
