Federal individual tax rates and brackets for 2022

January 2, 2022by Akmin

The indexing factor for federal tax credits and brackets for 2022 is 2.4%. The following federal tax rates and brackets will be in effect for individuals for the 2022 tax year.

Income level                                            Federal tax rate

$14,398 – $50,197                                        15%

$50,198 – $100,392                                     20.5%

$100,393 – $155,625                                    26%

$155,626 – $221,708                                    29%

Over $221,708                                              33%

The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.