Ny 2022 tax brackets8/25/2023 Other changes: Higher FSA limit, 401(k) totals ![]() The standard deduction will increase to $12,950, or a boost of $400, for single taxpayers, the agency said. Next year, it will increase to $25,900, or $800 higher than in the current tax year, for married couples. The agency said it's also boosting the standard deduction to account for inflation. The IRS said the personal exemption will remain at $0, the same as in 2021 the personal exemption was eliminated in the Tax Cuts and Jobs Act. 37% tax bracket: single filers earning more than $539,900 and married couples filing jointly earning over $647,850.35% tax bracket: single filers earning more than $215,950 and married couples filing jointly earning over $431,900.32% tax bracket: single filers earning more than $170,050 and married couples filing jointly earning over $340,100.24% tax bracket: single filers earning more than $89,075 and married couples filing jointly earning over $178,150.22% tax bracket: single filers earning more than $41,775 and married couples filing jointly earning over $83,550.12% tax bracket: single filers earning more than $10,275 and married couples filing jointly earning over $20,550.10% tax bracket: single individuals earning up to $10,275 and married couples filing jointly earning up to $20,550.Here are the new thresholds for the nation's seven tax brackets in 2022. In the prior year, the increases were closer to 1%. ![]() Overall, the new tax bracket income thresholds represent increases of about 3%.
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