Use this package to figure the estimation of tax in 2022 TY.
Filing Status
Taxable Income
$
TY2022 estimated tax
$0.00
1. The tax bill will lower (many) individual rates: The bill preserves seven tax brackets, but changes the rates that apply to: 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Here is how your income would apply to the new rates:
If taxable income is:
Then income tax equals:
Single Individuals
Not over $10,275
10% of the taxable income
Over $10,275 but not over $41,775
$1,027.50 plus 12% of 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 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
$162,718.00 plus 37% of the excess over $539,900
Heads of Households
Not over $14,650
10% of the taxable income
Over $14,650 but not over $55,900
$1,465.00 plus 12% of the excess over $14,650
Over $55,900 but not over $89,050
$6,415.00 plus 22% of the excess over $55,900
Over $89,050 but not over $170,050
$13,708.00 plus 24% of the excess over $89,050
Over $170,050 but not over $215,950
$33,148.00 plus 32% of the excess over $170,050
Over $215,950 but not over $539,900
$47,836.00 plus 35% of the excess over $215,950
Over $539,900
$161,218.50 plus 37% of the excess over $539,900
Married Individuals Filing Joint Returns and Qualifying Surviving Spouses
