2022/2023 Federal Income Tax Brackets and Standard Deductions

Here’s what you need to know to file your 2021 taxes and changes to know about for 2022.

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It’s the most wonderful time of the year—for tax accountants.

Americans have until April 18th, 2023 to file their 2022 federal income taxes. It’s also time to start thinking about your 2023 income taxes.

You might say it’s too early to think about 2023 tax brackets and deductions but understanding your tax bracket can help you make all sorts of helpful financial decisions, especially if you’re on the line between two tax brackets.

Related: Cash App Taxes Review

The 2022 Standard Deduction

The Tax Cuts and Jobs Act of 2017 more than doubled the amount for standard deductions, meaning more taxpayers than ever have stopped itemizing and are claiming the standard deduction.

But it’s still good to keep track of your tax-deductible expenses in 2022 because if they happen to be higher than your standard deduction you could save some money on your taxes next year.

Filing StatusTax Year 2022Tax Year 2023
Married, filing jointly$25,900$27,700
Married, filing separately$12,950$13,850
Head of household$18,800$20,800

Remember, even if you take the standard deduction, there are still certain deductions and credits you can claim without itemizing.

How Tax Brackets Work

Currently, there are seven federal income tax brackets in the U.S ranging from 10% to 37%. These rates apply to taxable income, which is your gross income after you’ve subtracted the standard deduction or allowable itemized deductions.

2022 IRS Federal Tax Brackets (for taxes filed in 2023)

For income earned in 2021, the following are the brackets at which each segment of your applicable income are taxed:

Tax RateSingleMarried, Filing JointlyMarried, Filing SeparatelyHead of Household
10%0 to $10,2750 to $20,5500 to $10,2750 to $14,650
12%$10,276 to $41,775$20,551 to $83,550$10,276 to $41,775$14,651 to $55,900
22%$41,776 to $89,075$83,551 to $178,150$41,776 to $89,075$55,901 to $89,950
24%$89,076 to $170,050$178,151 to $340,100$89,076 to $170,050$89,951 to $170,050
32%$170,051 to $215,950$340,101 to $431,900$170,051 to $215,950$170,051 to $215,950
35%$215,951 to $539,900$431,901 to $647,850$215,951 to $323,925$215,951 to $539,900
37%Over $539,900Over $647,850Over $323,925Over $539,900

2023 IRS Federal Tax Brackets (for taxes filed in 2024)

For income earned in 2022, the income tax brackets are:

Tax RateSingleMarried, Filing JointlyMarried, Filing SeparatelyHead of Household
10%0 to $11,0000 to $22,0000 to $11,0000 to $15,700
12%$11,001 to $44,725$22,001 to $89,450$11,001 to $44,725$15,701 to $59,850
22%$44,726 to $95,375$89,451 to $190,750$44,726 to $95,375$59,851 to $95,350
24%$95,376 to $182,100$190,751 to $346,200$95,376 to $182,100$95,351 to $182,100
32%$182,101 to $231,250$346,201 to $462,500$182,101 to $231,250$182,101 to $231,250
35%$231,251 to $578,125$462,501 to $693,750$231,251 to $346,875$231,251 to $578,100
37%Over $578,125Over $693,750$346,875Over $578,100

Tax brackets divide your income into levels that are taxed at different rates. Being in one tax bracket doesn’t mean all of your income is taxed at that rate, every bracket is taxed at its own rate.

For example, let’s suppose you’re a single filer who made $21,000 in 2022. After taking the standard deduction of $12,950, your taxable income is $8,050. That puts you in just the 10% tax bracket.

Related: Tax Season Survival Tips

Calculating Your 2022 Federal Income Tax

To calculate the amount of income tax you owe in each bracket simply multiply your income in that bracket by the applicable rate and you’ll get the amount owed. For the previous example, if your taxable income is $8,050, multiply it by .1 and you’ll see you owe $805 in federal income tax.

As you move into a higher income bracket you add a few more calculations. Say, you’re married, filing jointly with a gross income of $90,000 in 2022. After subtracting the standard deduction of $25,900 your taxable income for 2022 is $64,100. That puts you in the 12% tax bracket.

To calculate your tax bill you’ll pay 10% on the first $20,500 of your income and 12% on the remaining $43,600.

.1 x 20,500= 2,050

.12 x 43,600= 5,232

This makes your total federal income tax bill $7,282. Your standard deduction is determined by your filing status and stays the same regardless of your income. As your income goes up, your tax bracket rates increase accordingly.

These are simple calculations and don’t take into account all the other deductions and credits available to taxpayers.


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If I move to a higher tax bracket, is all of my income taxed at a higher rate?

No, if you move to a higher tax bracket, only the income in that bracket gets taxed at the higher rate. Moving to a higher tax bracket can’t hurt you by reducing your post-tax income.

For example, for 2022 single filers, the 10% tax bracket applies to all income between $0 and $10,275. Income between $10,276 and $41,775 is taxed at 12%. If your taxable income is $20,000 you only pay 10% tax on your income up to $10,275 and then pay 12% on the amount over $10,275. In this scenario, your total tax bill would be:

($10,275 * 10%) + (($20,000 - $10,275) * 12%) = $2,194

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What is a head of household?

Head of household is a special tax filing status. According to the IRS, to qualify as a head of household, you must not be married or not live with your spouse for the majority of the year. You also have to be responsible for at least half of the cost of supporting a qualifying person, typically a child or parent.

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How can I get into a lower tax bracket?

You can get into a lower tax bracket by reducing your taxable income. While making less money is one way to do this, it isn’t a strategy most people want to pursue. Other ways to reduce your taxable income include taking deductions or contributing to retirement accounts that let you deduct contributions from your income.

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Did the tax brackets change?

Tax law changes frequently. Each year, the income bands for each tax bracket get adjusted for inflation, meaning they usually move up. For example, in 2021, single filers paid 10% on income up to $9,950 but in 2022 paid 10% on incomes up to $10,275.

On occasion, the government changes the number of tax brackets or the tax rate for each bracket. For example, in 2017, the highest tax bracket was taxed at 39.7% but in 2018 the rate dropped to 37%. Of course, they also increase it as well.

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What's the difference between a free and paid taxes software?

There are many different programs that can help you file your taxes, some of which are free and some of which cost money.

In general, paid services can be more likely to have a better user experience and be easier to use. They’re also more likely to offer better customer support as they have more money to pay for programmers and support staff.

If you need a lot of help when it comes to doing your taxes, a paid program may be a good choice. Those who are more comfortable with filing taxes may be able to get by with a free program, saving them money.

Next Steps

An estimated 90% of tax filers will take their standard deduction. If you’re planning on having a significant number of deductible expenses this year, keep track of them in case they exceed your standard deduction. You can still make tax-deductible contributions to your 401(k). Also, if you didn’t max out your IRA for the previous tax year, you have until April 18th this year to add more.

If you are looking for software to help you file your taxes, check out our list of the best tax software.

Jen Smith

Jen Smith

Jen Smith is a personal finance writer and creator of She and her husband paid off $78,000 of debt in two years, and now she's passionate about helping everyday people gain control of their spending and optimize their income. Jen is figuring out life as a new mom and enjoying as much time as possible in the Florida sun.

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