Current Tax Rates

Current rates information provided by Tax Foundation

Income Tax Brackets and Rates

For 2021, income limits for all tax brackets as well as all filers will be adjusted for inflation and will be as follows…. The top marginal income tax rate of 37 percent will hit taxpayers with taxable income of $523,600 and higher for single filers and $628,300 and higher for married couples filing jointly..(SEE Table 1)

As you review the brackets, the income ranges for each rate have been adjusted for inflation.

Table 1. Tax Brackets and Rates, 2021 (Source: IRS)
Rate	Single Individuals – Taxable Income Over	Married Individuals Filing Joint Returns – Taxable Income Over	Heads of Households – Taxable Income Over
10%	Up to $9,950	Up to $19,900	Up to $14,200
12%	$9,951 to $40,525	$19,901 to $81,050	$14,201 to $54,200
22%	$40,526 to $86,375	$81,051 to $172,750	$54,201 to $86,350
24%	$86,376 to $164,925	$172,751 to $329,850	$86,351 to $164,900
32%	$164,926 to $209,425	$329,851 to $418,850	$164,901 to $209,400
35%	$209,426 to $523,600	$418,851 to $628,300	$209,401 to $523,600
37%	Over $523,600	Over $628,300	Over $523,600

Table 1. Tax Brackets and Rates, 2021 (Source: IRS)

Rate

Single Individuals – Taxable Income Over

Married Individuals Filing Joint Returns – Taxable Income Over

Heads of Households – Taxable Income Over

10%

Up to $9,950

Up to $19,900

Up to $14,200

12%

$9,951 to $40,525

$19,901 to $81,050

$14,201 to $54,200

22%

$40,526 to $86,375

$81,051 to $172,750

$54,201 to $86,350

24%

$86,376 to $164,925

$172,751 to $329,850

$86,351 to $164,900

32%

$164,926 to $209,425

$329,851 to $418,850

$164,901 to $209,400

35%

$209,426 to $523,600

$418,851 to $628,300

$209,401 to $523,600

37%

Over $523,600

Over $628,300

Over $523,600

Income Tax Brackets and Rates

2022 income limits for all tax brackets and all filers, adjusted for inflation. Seven federal income tax rates in 2022 are as follows: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent. The marginal income tax rate of 37 percent will only apply to taxpayers with taxable income above $539,900 (single filers), and $647,850 is the target for married couples filing jointly…(SEE Table 1)

Table 1. Tax Brackets and Rates, 2022 (Source: IRS)
Rate	Single Individuals – Taxable Income Over	Married Individuals Filing Joint Returns – Taxable Income Over	Heads of Households – Taxable Income Over
10%	Up to $10,275	Up to $20,550	Up 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%	Over $539,900	Over $647,850	Over $539,900

Table 1. Tax Brackets and Rates, 2022 (Source: IRS)

Rate

Single Individuals – Taxable Income Over

Married Individuals Filing Joint Returns – Taxable Income Over

Heads of Households – Taxable Income Over

10%

Up to $10,275

Up to $20,550

Up 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%

Over $539,900

Over $647,850

Over $539,900

Current Tax Rates

2021 Tax Brackets

Income Tax Brackets and Rates

Standard Deduction and Personal Exemption

2022 Tax Brackets

Income Tax Brackets and Rates

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