The United States has updated tax rates and categories for 2022: they were significantly affected by inflation
The IRS has announced adjustments to tax rates and federal income categories for 2022. This is due to the multi-month rise in consumer prices. The edition told in more detail Fox Business.
Most tax thresholds are rising at a faster rate than usual due to the surge in the cost of consumer goods, according to the IRS.
Most points of tax rates are up about 3% since the filing period of 2021 due to the recent spike in inflation, the largest increase in four years. The changes will affect tax returns for 2022, which will be filed in 2023.
The IRS issues inflation adjustments for tax reserves annually. The CPI showed that prices rose 6,2% in October, the highest level since December 1990.
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New federal income tax rates in 2022
For individual taxpayers:
- 10%: taxable income up to $ 10;
- 12%: taxable income from $ 10 to $ 275;
- 22%: taxable income from $ 41 to $ 775;
- 24%: taxable income from $ 89 to $ 075;
- 32%: taxable income from $ 170 to $ 050;
- 35%: taxable income from $ 215 to $ 950;
- 37%: Taxable income over $ 539.
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For married persons filing a joint declaration:
- 10%: taxable income up to $ 20;
- 12%: taxable income from $ 20 to $ 550;
- 22%: taxable income from $ 83 to $ 550;
- 24%: taxable income from $ 178 to $ 150;
- 32%: taxable income from $ 340 to $ 100;
- 35%: taxable income from $ 431 to $ 900;
- 37%: Taxable income over $ 647.
The standard deduction that most taxpayers claim will rise from $ 2022 to $ 25 in 100 for couples filing a joint return. For individuals, the new maximum will be $ 25 for 900, up from $ 12 before, according to the IRS.
The maximum amount that can be deducted for health care is $ 2, up from $ 850 previously.
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