2022 Tax Rates

Individuals

Tax Rate Single Filers Married Filing Jointly or Qualifying Widow/Widower Married Filing Separately Head of Household
10% Up to $10,275 Up to $20,550 Up to $10,275 Up 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 $89,050
24% $89,076 to $170,050 $178,151 to $340,100 $89,076 to $170,050 $89,051 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% $539,901 or more $647,851 or more $323,926 or more $539,901 or more

Estates & Trusts

Tax Rate Taxable Income
10% Up to $2,750
24% $2,751 to $9,850
35% $9,851 to $13,450
37% $13,451 or more

Corporations

Tax Rate Taxable Income
21% Flat rate applied to all income

Social Security Tax Rates

Base Salary $147,000
Social Security Tax Rate 6.20%
Medicare Base Salary Unlimited
Medicare Tax Rate 1.45%

Standard Deductions

Single $12,950
Married Filing Jointly $25,900
Married Filing Separately $12,950
Head of Household $19,400

Miscellaneous Tax Information

Child Tax Credit $2,000
Sec 179 Limit $1,080,000
Business Mileage Rate 58.5 cents
Medical Mileage Rate 18 cents
Charitable Mileage Rate 14 cents

2022 Due Dates

Return Form Due Date Extended Due Date
Individuals 1040 April 17, 2023 October 16, 2023
Partnerships/LLCs 1065 March 15, 2023 September 15, 2023
S-Corporations 1120S March 15, 2023 September 15, 2023
Corporations 1120 April 17, 2023 September 15, 2023
Estates/Trusts 1041 April 17, 2023 September 15, 2023
Not-for-profit 990 May 15, 2023 November 15, 2023
Employee Benefit 5500 July 31, 2023 November 1, 2023
W-2s January 31, 2023 N/A
1099s January 31, 2023 N/A

*Due dates may be different if you have a year-end other than December 31st