Please find below the tax tables for the 2022, they are very helpful in planning your tax obligations for the year:

2022 Tax Rates - Single Taxpayers - Standard Deduction $12,950

10% 0 to $10,275

12% $10,275 to $41,775

22% $41,775 to $89,075

24% $89,075 to $170,050

32% $170,050 to $215,950

35% $215,950 to $539,900

37% Over $539,900

2022 Tax Rates - Married Jointly & Surviving Spouses - Standard Deduction $25,900

10% 0 to $20,550

12% $20,550 to $83,550

22% $83,550 to $178,150

24% $178,150 to $340,100

32% $340,100 to $431,900

35% $431,900 to $647,850

37% Over $647,850

2022 Tax Rates - Married Filing Separately - Standard Deduction $12,950

10% 0 to $10,275

12% $10,275 to $41,775

22% $41,775 to $89,075

24% $89,075 to $170,050

32%$170,050 to $215,950

35% $215,950 to $323,925

37% Over $323,925

2022 Tax Rates - Head of Household - Standard Deduction $19,400

10% 0 to $14,650

12% $14,650 to $55,900

22% $55,900 to $89,050

24% $89,050 to $170,050

32% $170,050 to $215,950

35% $215,950 to $539,900

37% Over $539,900

2022 Tax Rates - Estates & Trusts

10% 0 to $2,750

24% $2,750 to $9,850

35% $9,850 to $13,450

37% Over $13,450

Standard mileage rate for business driving

$.585 (January 1-June 30, 2022) $.625 (July 1-December 31, 2022)

Unearned income maximum for children under 19 before kiddie tax applies-$1,150

Child Tax Credit-$3,000 to $3,600

Educational Credits

*Each state may offer additional credits but on the federal level there are:

Lifetime learning Credit-$2,000

American Opportunity Credit-$2,500

Coverdell Education Savings Account Contribution-$2,000

Maximum employee contribution to SIMPLE IRA

-$14,000 if under age 50
-17,000 if 50 or older

Maximum contribution for Traditional/Roth IRA

-$6,000 if under age 50
-$7,000 if 50 or older

Maximum Contribution to SEP IRA

-25% of eligible compensation
up to $61,000

401(k) maximum employee contribution limit

-$20,500 if under age 50
-$27,000 if 50 or older

Estate Tax Exemption-$12,060,000