--- title: '2022 Tax Brackets: How Record-Breaking Inflation Will Affect Your Taxes' description: The standard deduction, marginal tax rates and dozens of other provisions for next year's taxes have changed. authors: - name: Julia Glum role: Managing Editor url: https://money.com/author/julia-glum/ bio: A graduate of the University of Florida, Julia has more than eight years of experience in personal finance journalism. In addition to overseeing news and newsletters, she leads Money’s tax coverage, which includes extensive reporting on tax credits, policy changes and the IRS. education: University of Florida at_money_since: 2018 articles: 453 covers: - Taxes - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Technology also_seen_in: - Newsweek - International Business Times - CBS News - Good Morning America - WUSA9 - Pix 11 - The New York Times - Mashable - The Washington Post - CNBC - Politico social: - https://x.com/superjulia - https://www.linkedin.com/in/julia-glum published: '2021-11-11T20:28:47.000Z' modified: '2024-01-10T13:19:31.000Z' section: Taxes tags: - News - Taxes word_count: 459 canonical: https://money.com/tax-brackets-2022/ type: NewsArticle source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Photo collage of a 1040 Income Tax Return Form and an office printing calculator with coins and dollar bills in the background](https://img.money.com/2021/11/News-2021-Inflation-Could-Affect-Your-Taxes.jpg) The U.S. is experiencing its [highest inflation](https://money.com/inflation-prices-2021/) in 30 years, and the IRS is taking notice. The federal agency announced Wednesday that it's adjusting the standard deduction, income tax rates and dozens of other tax provisions for 2022. Because of the way tax filing years work, the changes affect the tax returns most Americans will submit in spring 2023. (The IRS issues these adjustments every fall, so the announcement is normal even though current inflation rates are certainly not.) For 2022, the standard deduction will be $12,950 for single filers, an increase of $400 from 2021. It's likely this decision will affect you: Ever since the Tax Cuts and Jobs Act passed in 2017, an estimated 90% of households take the standard deduction instead of itemizing their taxes. But that jump doesn't apply across the board. The 2022 standard deduction for heads of household — unmarried taxpayers with dependents — will be $19,400, a $600 hike, and $25,900 for married couples filing jointly, an $800 boost. ## Federal income tax brackets and rates for 2022 The IRS also tweaked the marginal tax rates, often referred to as tax brackets, for the year ahead. There are still seven [brackets](https://taxfoundation.org/2022-tax-brackets/) broken up by income. But the lowest tax bracket now includes single filers who earn up to $10,275 as well as joint filers who earn up to $20,550. They'll be taxed at 10%. On the other end of the spectrum, the top tax rate is 37% for single filers who make over $539,900 and joint filers who make over $647,850. How much to tax the highest-paid Americans has been the subject of much discussion since President Joe Biden proposed raising their taxes in his [American Families Plan](https://money.com/biden-american-families-plan-higher-taxes/) earlier this year. Biden pushed to increase the top individual income tax rate to 39.6%, the level at which it hovered before former President Donald Trump signed the Tax Cuts and Jobs Act, but hasn't secured congressional approval. When the TCJA provision sunsets in 2026, the rate will return to 39.6%. You can see a full breakdown of the tax brackets for 2022 below. Head to the [IRS website](https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2022) for more details on inflation adjustments.
2022 Tax Brackets
2022 tax ratesingle filersmarried filing jointly
110%$0 to $10,275$0 to $20,550
212%$10,275 to $41,775$20,550 to $83,550
322%$41,775 to $89,075$83,550 to $178,150
424%$89,075 to $170,050$178,150 to $340,100
532%$170,050 to $215,950$340,100 to $431,900
635%$215,950 to $539,900$431,900 to $647,850
737%over $539,900over $647,850
Source: IRS
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