2022 federal income tax brackets and other information for Married Filing Jointly. If taxable income is:...
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2022 federal income tax brackets and other information for Married Filing Jointly. If taxable income is: The tax due is: $0 to $20,550 $20,551 to $83,550 $83,551 to $178,150 $178,151 to $340,100 $340,101 to $431,900 $431,901 to $647,850 10% of the taxable income Itemized Deductions $2,055 plus 12% of the excess over $20,550 $9,615 plus 22% of the excess over $83,550 $30,427 plus 24% of the excess over $178,150 $69,295 plus 32% of the excess over $340,100 $98,671 plus 35% of the excess over $431,900 $174,253.50 plus 37% of the excess over $647,850 $647,851 or more Standard Deduction for Married Filing Jointly is 25,900 Federal Insurance Contribution Act (FICA) Social Security Tax Cap 147,000 (rate 6.2%) Medicare Tax Rate 1.45% (plus additional .9% for AGI above 200,000 single filers, and AGI above 250,000 married filing jointly) Medical and dental expenses that exceed 7.5% AGI Charitable Contributions up to 60% of AGI Property Tax up to $10,000 2022 federal income tax brackets and other information for Married Filing Jointly. If taxable income is: The tax due is: $0 to $20,550 $20,551 to $83,550 $83,551 to $178,150 $178,151 to $340,100 $340,101 to $431,900 $431,901 to $647,850 10% of the taxable income Itemized Deductions $2,055 plus 12% of the excess over $20,550 $9,615 plus 22% of the excess over $83,550 $30,427 plus 24% of the excess over $178,150 $69,295 plus 32% of the excess over $340,100 $98,671 plus 35% of the excess over $431,900 $174,253.50 plus 37% of the excess over $647,850 $647,851 or more Standard Deduction for Married Filing Jointly is 25,900 Federal Insurance Contribution Act (FICA) Social Security Tax Cap 147,000 (rate 6.2%) Medicare Tax Rate 1.45% (plus additional .9% for AGI above 200,000 single filers, and AGI above 250,000 married filing jointly) Medical and dental expenses that exceed 7.5% AGI Charitable Contributions up to 60% of AGI Property Tax up to $10,000
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The information you provided seems to be the federal income tax brackets for the year 2022 for individuals who are Married Filing Jointly along with s... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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