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IRS releases new tax brackets for 2022

The IRS announced the new and higher federal income tax brackets for 2022 to account for inflation. Get the new numbers here.

1 min read

Lauren Miller

Lauren Miller

Lauren Miller is a content writer for Canopy.

On Wednesday, the IRS announced the new and higher federal income tax brackets for 2022 to account for inflation. 

Check out the new numbers here: 

Standard deductions

Married and filing jointly 

      • The standard deduction is up $800 from last year to $25,900

Single and married filing separately 

      • The standard deduction is now $12,950, an increase of $400

Heads of households 

      • The standard deduction is now $19,400, an increase of $600 

2022 tax bracket for married and filing jointly 

      • 37% for incomes higher than $647,850 
      • 35% for incomes higher than $431,900
      • 32% for incomes higher than $340,100 
      • 24% for incomes higher than $178,150 
      • 22% for incomes higher than $83,550
      • 12% for incomes higher than $20,550 
      • 10% for incomes of $20,550 and less

 2022 tax bracket for single taxpayers 

      • 37% for incomes higher than $539,900 
      • 35% for incomes higher than $215,950
      • 32% for incomes higher than $170,050 
      • 24% for incomes higher than $89,075
      • 22% for incomes higher than $41,775
      • 12% for incomes higher than $10,275 
      • 10% for incomes of $10,275 and less

Read the announcement from the IRS here

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