2022 Federal Tax Rates

2022 Federal Tax Rates

Tax Rate	Single Filers	Married Filing Jointly	Married Filing Separately	Head of Household
10%	Up to $10,275	Up to $20,550	Up to $10,275	Up to $14,650
12%	$10,276 – 41,775	$20,551 – 83,550	$10,276 – 41,775	$14,651 – 55,900
22%	$41,776 – 89,075	$83,551 – 178,150	$41,776 – 89,075	$55,901 – 89,050
24%	$89,076 – 170,050	$178,151 – 340,100	$89,076 – 170,050	$89,051 – 170,050
32%	$170,051 – 215,950	$340,101 – 431,900	$170,051 – 215,950	$170,051 – 215,950
35%	$215,951 – 539,900	$431,901 – 647,850	$215,951 – 323,925	$215,951 – 539,900
37%	$539,901 or more	$647,851 or more	$323,926 or more	$539,901 or more

2021 – 2022 Estate Tax Exemption Rate

Year of Death	Estate Tax Exemption	Maximum Rate on Estate Greater Than Exemption
2021	$11,700,000	40%
2022	$12,060,000	40%

2022 Annual Gift Tax Exclusion

Year Gift Made	Excluded Amount From Tax
2022	$16,000

2021 – 2022 Generation-Skipping Transfer Tax Exemption

Year of Transfer	Excluded Amount From Tax
2021	$11,700,000
2022	$12,060,000

Annual Exclusion for Non-Resident Aliens in 2022

Type of Gift	Exemption
Annual exclusion Gifts to Person Other Than Spouse	$16,000
Annual Gifts to Citizen Spouse	Unlimited
Annual Gifts to Non-Citizen Spouse	$164,000

Long-Term Capital Gains Rate

Tax Bracket*	Maximum Tax Rate**
22% – 35%	15%
35% – 37%	20%

* Tax bracket is used for guidance, but your specific income level will determine the maximum long-term capital gains rate.

** A 3.8% Medicare Surtax may apply to certain income thresholds with net investment income.