News Photo

2021-2022 Tax Brackets and Federal Income Tax Rates

  • Taxes
  • December 02, 2021

2021-2022 Tax Brackets and Federal Income Tax Rates

There are seven federal income tax brackets. Here's what they are, how they work and how they affect you.

There are seven federal tax brackets for the 2021 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Your bracket depends on your taxable income and filing status. These are the rates for taxes due April 15th, 2022.

Tax brackets and rates for the 2022 tax year are also listed.   

 

2021 Single Filers Tax Brackets

If taxable income is:

The tax due is:

Not over $9,950

10% of the taxable income

Over $9,950 but $40,525

$995 plus 12% of not over the excess over $9,950

Over $40,525 but not over $86,375

$4,664 plus 22% of the excess over $40,525

Over $86,375 but not over $164,925

$14,751 plus 24% of the excess over $86,375

Over $164,925 but not over $209,425

$33,603 plus 32% of the the excess over $164,925

Over $209,425 but not over $523,600

$47,843 plus 35% of the excess over $209,425

Over $523,600

$157,804.25 plus 37% of the excess over $523,600

 

2021 Married Filing Separately Tax Brackets 

If taxable income is:

The tax due is:

Not over $9,950

10% of the taxable income

Over $9,950 but $40,525

$995 plus 12% of not over the excess over $9,950

Over $40,525 but not over $86,375

$4,664 plus 22% of the excess over $40,525

Over $86,375 but not over $164,925

$14,751 plus 24% of the excess over $86,375

Over $164,925 but not over $209,425

$33,603 plus 32% of the the excess over $164,925

Over $209,425 but not over $314,150

$47,843 plus 35% of the excess over $209,425

Over $314,150

$84,496 plus 37% of the excess over $314,150

 

2021 Head of Household Tax Brackets 

If taxable income is:

The tax due is:

Not over $14,200

10% of the taxable income

Over $14,200 but $54,200

$1,420 plus 12% of not over the excess over $14,200

Over $54,200 but not over $86,350

$6,220 plus 22% of the excess over $54,200

Over $86,350 but not over $164,900

$13,293 plus 24% of the excess over $86,350

Over $164,900 but not over $209,400

$32,145 plus 32% of the the excess over $164,900

Over $209,400 but not over $523,600

$46,385 plus 35% of the excess over $209,400

Over $523,600

$156,355 plus 37% of the excess over $523,600

 

2021 Married Filing Jointly Tax Brackets 

If taxable income is:

The tax due is:

Not over $19,900

10% of the taxable income

Over $19,900 but not over $81,050

$1,990 plus 12% of the excess over $19,900

Over $81,050 but not over $172,750

$9,328 plus 22% of the excess over $81,050

Over $172,750 but not over $329,850

$29,502 plus 24% of the excess over $172,750

Over $329,850 but not over $418,850

$67,206 plus 32% of the excess over $329,850

Over $418,850 but not over $628,300

$95,686 plus 35% of the excess over $418,850

Over $628,300

$168,993.50 plus 37% of the excess over $628,300

 

 

2022 Single Filers Tax Brackets

If taxable income is:

The tax due is:

Not over $10,275

10% of the taxable income

Over $10,275 but $41,775

$1,027.50 plus 12% of not over the excess over $10,275

Over $41,775 but not over $89,075

$4,807.50 plus 22% of the excess over $41,775

Over $89,075 but not over $170,050

$15,213.50 plus 24% of the excess over $89,075

Over $170,050 but not over $215,950

$34,647.50 plus 32% of the the excess over $170,050

Over $215,950 but not over $539,900

$49,335.50 plus 35% of the excess over $215,950

Over $539,900

$162,718 plus 37% of the excess over $539,900

 

2022 Married Filing Separately Tax Brackets

If taxable income is:

The tax due is:

Not over $10,275

10% of the taxable income

Over $10,275 but $41,775

$1,027.50 plus 12% of not over the excess over $10,275

Over $41,775 but not over $89,075

$4,807.50 plus 22% of the excess over $41,775

Over $89,075 but not over $170,050

$15,213.50 plus 24% of the excess over $89,075

Over $170,050 but not over $215,950

$34,647.50 plus 32% of the the excess over $170,050

Over $215,950 but not over $323,925

$49,335.50 plus 35% of the excess over $215,950

Over $323,925

$86,127 plus 37% of the excess over $323,925

 

2022 Head of Household Tax Brackets

 

If taxable income is:

The tax due is:

Not over $14,650

10% of the taxable income

Over $14,650 but $55,900

$1,465 plus 12% of not over the excess over $14,650

Over $55,900 but not over $89,050

$6,415 plus 22% of the excess over $55,900

Over $89,050 but not over $170,050

$13,708 plus 24% of the excess over $89,050

Over $170,050 but not over $215,950

$33,148.50 plus 32% of the the excess over $170,050

Over $215,950 but not over $539,900

$47,836.50 plus 35% of the excess over $215,950

Over $539,900

$162,218.50 plus 37% of the excess over $539,900

 

2022 Married Filing Jointly Tax Brackets

If taxable income is:

The tax due is:

Not over $20,550

10% of the taxable income

Over $20,550 but not over $83,550

$2,055 plus 12% of the excess over $20,550

Over $83,550 but not over $178,150

$9,615 plus 22% of the excess over $83,550

Over $178,150 but not over $340,100

$30,427 plus 24% of the excess over $178,150

Over $340,100 but not over $431,900

$69,295 plus 32% of the excess over $340,100

Over $431,900 but not over $647,850

$98,671 plus 35% of the excess over $431,900

Over $647,850

$174,253.50 plus 37% of the excess over $647,850



 


Share This News

Comment

We look forward to meeting you! We enjoy getting to know our clients and delivering personalized service.