Income tax return 2022-23

See 2023 Tax Brackets On a yearly basis the Internal Revenue Service (IRS) adjusts more than 60 tax provisions for inflation to prevent what is called “ The IRS used to use the Consumer Price Index (CPI) as a measure of inflation prior to 2018. The new inflation adjustments are for tax year 2022, for which taxpayers will file tax returns in early 2023. Note that the 2022 Federal Income Tax Brackets and Rates In 2022, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). There are seven federal income tax rates in 2022: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The top 2022 Federal Income Tax Rate For Single Filers For Married Individuals Filing Joint Returns For Heads of Households 10% $0 to $10,275 $0 to $20,550 $0 to $14,650 12% $10,275 to $41,775 $20,550 to $83,550 $14,650 to $55,900 22% $41,775 to $89,075 $83,550 to $178,150 $55,900 to $89,050 24% $89,075 to $170,050 $178,150 to $340,100 $89,050 to $170,050 32% $170,050 to $215,950 $340,100 to $431,900 $170,050 to $215,950 35% $215,950 to $539,900 $431,900 to $647,850 $215,950 to $539,900 37% $539,900 or more $647,850 or more $539,900 or more Source: Internal Revenue Service Help Us Learn More About How Americans Understand Their Taxes Please take our quick, anonymous survey, conducted in partnership with the University of North Carolina Tax Center. Standard Deduction and Personal Exemption The The personal 20...

See 2023 Tax Brackets On a yearly basis the Internal Revenue Service (IRS) adjusts more than 60 tax provisions for inflation to prevent what is called “ The IRS used to use the Consumer Price Index (CPI) as a measure of inflation prior to 2018. The new inflation adjustments are for tax year 2022, for which taxpayers will file tax returns in early 2023. Note that the 2022 Federal Income Tax Brackets and Rates In 2022, the income limits for all tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). There are seven federal income tax rates in 2022: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The top 2022 Federal Income Tax Rate For Single Filers For Married Individuals Filing Joint Returns For Heads of Households 10% $0 to $10,275 $0 to $20,550 $0 to $14,650 12% $10,275 to $41,775 $20,550 to $83,550 $14,650 to $55,900 22% $41,775 to $89,075 $83,550 to $178,150 $55,900 to $89,050 24% $89,075 to $170,050 $178,150 to $340,100 $89,050 to $170,050 32% $170,050 to $215,950 $340,100 to $431,900 $170,050 to $215,950 35% $215,950 to $539,900 $431,900 to $647,850 $215,950 to $539,900 37% $539,900 or more $647,850 or more $539,900 or more Source: Internal Revenue Service Help Us Learn More About How Americans Understand Their Taxes Please take our quick, anonymous survey, conducted in partnership with the University of North Carolina Tax Center. Standard Deduction and Personal Exemption The The personal 20...