(red indicates not updated yet from 2022, green indicates updated with projected amounts but not finalized)
| Status | Income Min | Income Max | Base Amount | Plus | of Income over |
| Single | $ - | $ 11,000 | $ - | 10.0% | $ - |
| $ 11,000 | $ 44,725 | $ 1,100.00 | 12.0% | $ 11,000 | |
| $ 44,725 | $ 95,375 | $ 5,147.00 | 22.0% | $ 44,725 | |
| $ 95,375 | $ 182,100 | $ 16,290.00 | 24.0% | $ 95,375 | |
| $ 182,100 | $ 231,250 | $ 37,104.00 | 32.0% | $ 182,100 | |
| $ 231,250 | $ 578,125 | $ 52,832.00 | 35.0% | $ 231,250 | |
| $ 578,125 | NA | $ 174,238.25 | 37.0% | $ 578,125 | |
| Head of Household | $ - | $ 15,700 | $ - | 10.0% | $ - |
| $ 15,700 | $ 59,850 | $ 1,570.00 | 12.0% | $ 15,700 | |
| $ 59,850 | $ 95,350 | $ 6,868.00 | 22.0% | $ 59,850 | |
| $ 95,350 | $ 182,100 | $ 14,678.00 | 24.0% | $ 95,350 | |
| $ 182,100 | $ 231,250 | $ 35,498.00 | 32.0% | $ 182,100 | |
| $ 231,250 | $ 578,100 | $ 51,226.00 | 35.0% | $ 231,250 | |
| $ 578,100 | NA | $ 172,623.50 | 37.0% | $ 578,100 | |
| Married Filing Jointly | $ - | $ 22,000 | $ - | 10.0% | $ - |
| $ 22,000 | $ 89,450 | $ 2,200.00 | 12.0% | $ 22,000 | |
| $ 89,450 | $ 190,750 | $ 10,294.00 | 22.0% | $ 89,450 | |
| $ 190,750 | $ 364,200 | $ 32,580.00 | 24.0% | $ 190,750 | |
| $ 364,200 | $ 462,500 | $ 74,208.00 | 32.0% | $ 364,200 | |
| $ 462,500 | $ 693,750 | $ 105,664.00 | 35.0% | $ 462,500 | |
| $ 693,750 | NA | $ 186,601.50 | 37.0% | $ 693,750 |
| Long-Term Capital Gains Tax Rate | Single | Married Filing Jointly | Head of Household |
| 0.0% | $ 44,625 | $ 89,250 | $ 59,750 |
| 15.0% | $ 492,300 | $ 553,850 | $ 523,050 |
| 20.0% | N/A | N/A | N/A |
| Type | Amount | Catchup (over 50) | Comment |
| 401k, 403b, eligible 457 salary deferrals | $ 22,500 | $ 7,500 | |
| Total Defined Contrib Limit | $ 66,000 | $ 7,500 | |
| Defined Contrib Income Limit | $ 330,000 | ||
| SIMPLE 401k, SIMPLE IRA salary deferrals | $ 15,500 | $ 3,500 | |
| Defined Benefit Limit | $ 265,000 | ||
| IRA (Combination of Deductible, Roth, & Non-Deductible) | $ 6,500 | $ 1,000 | Deductibiliy, and ability to contribute to a Roth IRA is phased out by AGI (see Phaseouts) |
| Child Tax Credit | $ 2,000 | $2k per child under age 17. Phased out by AGI (see Phaseouts). Note for 2021 only, this amount is increased to $3k for children 6-17, and $3600 for children under 6. | |
| Max Child or Dependent Care Credit Qualifying Expenses - one child | $ 3,000 | ||
| Max Child or Dependent Care Credit Qualifying Expenses - > one child | $ 6,000 | ||
| Adoption Credit | $ 15,950 | Phased out by AGI (see Phaseouts) | |
| Lifetime Learning Credit Maximum | $ 2,000 | Phased out by AGI (see Phaseouts) | |
| American Opportunity Credit Maximum | $ 2,500 | Amended by AARTA (2009)Phased out by AGI (see Phaseouts) |
| Type | Status | Phaseout Begins | Phaseout Ends | Comment |
| Roth IRA Contribution Limits | Single | $ 138,000 | $ 153,000 | |
| Married Filing Jointly | $ 218,000 | $ 228,000 | ||
| Traditional IRA - Qualified Plan Participant - Deductibility Limits | Single | $ 73,000 | $ 83,000 | |
| Married Filing Jointly | $ 116,000 | $ 136,000 | ||
| Deductible IRA - Spouse Qualified Plan Participant | Married Filing Jointly | $ 218,000 | $ 228,000 | |
| AMT Exemption | Single / HoH | $ 578,150 | $ 903,350 | Phased out $1 for every $4 of AMTI over threshold. |
| Married Filing Jointly | $ 1,156,300 | $ 1,662,300 | ||
| Child Tax Credit | Single / HoH | $ 200,000 | $ 240,000 | Based on MAGI, not AGI (not indexed for inflation) |
| Married Filing Jointly | $ 400,000 | $ 440,000 | ||
| Savings Bond Interest Exemption (for edu) | Single | $ 91,850 | $ 106,850 | |
| Married Filing Jointly | $ 137,800 | $ 167,800 | ||
| Student Loan Interest Deduction | Single | $ 75,000 | $ 90,000 | |
| Married Filing Jointly | $ 155,000 | $ 185,000 | ||
| Saver's Credit | Single | $ 36,500 | N/A | |
| Head of Household | $ 54,750 | N/A | ||
| Married Filing Jointly | $ 73,000 | N/A | ||
| Qualified Businss Income | Single | $ 182,100 | $ 232,100 | |
| Married Filing Jointly | $ 364,200 | $ 464,200 | ||
| American Opportunity Credit | Single | $ 80,000 | $ 90,000 | Amended by AARTA (2009) (not inflation adjusted. |
| Married Filing Jointly | $ 160,000 | $ 180,000 | ||
| Adoption Credit | All | $ 239,230 | $ 279,230 | |
| Lifetime Learning Credit | Single | $ 80,000 | $ 90,000 | Updated by the 2021 Consolidated Appropriations Act (not inflation adj) |
| Married Filing Jointly | $ 160,000 | $ 180,000 |
| Item | Status | Amount | Comment |
| Personal & Dependent Exemption | All | $ - | Eliminated by TCJA ($4700 for other places in the tax code) |
| AMT Exemption | Single or HoH | $ 81,300 | Now permanent and indexed for inflation (ATRA 2013). |
| Married Filing Jointly | $ 126,500 | ||
| Standard Deduction | Single | $ 13,850 | For dependents, > $1250 or $400 + unearned income, not to exceed the normal standard deduction. |
| Head of Household | $ 20,800 | ||
| Married Filing Jointly | $ 27,700 | ||
| Add'l SD if Age >=65 or blind | Single | $ 1,850 | |
| Married Filing Jointly | $ 1,500 | ||
| Social Security Wage Base | All | $ 160,200 | |
| Kiddie Tax Income Limit | All | $ 1,250 | First 1250 tax free, next 1250 @ child's rate |
| Nanny Tax Threshold | All | $ 2,600 | |
| Qualified Transportation Fringe | All | $ 300 | Monthly transportation in a commuter highway vehicle and any transit pass |
| Student Loan Interest Deduction Maximum | All | $ 2,500 | Phased out by AGI (see Phaseouts) |
| Annual Gift Tax Exclusion | All | $ 17,000 | |
| Lifetime Gift / Estate Tax Exemption | All | $ 12,920,000 | |
| Foreign Earned Income Exclusion | All | $ 120,000 | |
| Highly Compensated Employee | All | $ 150,000 | |
| Key Employee | All | $ 215,000 | |
| Health FSA Max | All | $ 3,050 | Max carryover (if plan allowed) is $550 |
| PBGC Max Monthly Pension (age 65) | All | $ 6,750 | Age 65 Stright Life Annuity Amount |
| Section 179 Max Deduction | All | $ 1,160,000 | Expensing of business property rather than depreciating it over time. Phased out $ for $ if property totals >$2.89M. |
| HDHP Min Deductible | Single | $ 1,500 | |
| Married Filing Jointly | $ 3,000 | ||
| HSA Contribution Limit | Single | $ 3,850 | Add'l $1k catch-up contribution allowed for those over age 54 |
| Married Filing Jointly | $ 7,750 | ||
| Mileage Rate | Business | $ 0.655 | Businss and med/move rate increased to $0.625 and $0.22 respectively, starting 7/1/22. |
| Med & Move | $ 0.220 | ||
| Charity | $ 0.140 |
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