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2022 Federal Income Tax Brackets and Rates Tax RateFor Single FilersFor Married Individuals Filing Joint Returns10%$0 to $10,275$0 to $20,55012%$10,275 to $41,775$20,550 to $83,55022%$41,775 to $89,075$83,550 to $178,15024%$89,075 to $170,050$178,150 to $340,1004 more rows • 10 Nov 2021
2022 Federal Income Tax Brackets and Rates Tax RateFor Single FilersFor Married Individuals Filing Joint Returns10%$0 to $10,275$0 to $20,55012%$10,275 to $41,775$20,550 to $83,55022%$41,775 to $89,075$83,550 to $178,15024%$89,075 to $170,050$178,150 to $340,1004 more rows • 10 Nov 2021
The 2021 standard deduction is $12,550 for single filers, $25,100 for joint filers or $18,800 for heads of household. At NerdWallet, we have such confidence in our accurate and useful content that we let outside experts inspect our work.
2021 Standard Deduction Amounts Filing Status2021 Standard DeductionSingle; Married Filing Separately$12,550Married Filing Jointly$25,100Head of Household$18,800 Apr 28, 2022
If you are age 65 or older, your standard deduction increases by $1,700 if you file as Single or Head of Household. If you are legally blind, your standard deduction increases by $1,700 as well. If you are Married Filing Jointly and you OR your spouse is 65 or older, your standard deduction increases by $1,350.

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People also ask

The additional standard deduction amount for the aged or the blind is $1,400 for 2022. The additional standard deduction amount increases to $1,750 for unmarried aged/blind taxpayers.
Increased Standard Deduction: You qualify for a larger standard deduction if you or your spouse is age 65 or older. The standard deduction for single seniors in 2021 is $1,700 higher than the deduction for taxpayer younger than 65 who file as single or head of household.
Standard deduction amount increased. For 2021, the standard deduction amount has been increased for all filers. The amounts are: Single or Married filing separately\u2014$12,550. Married filing jointly or Qualifying widow(er)\u2014$25,100.
The most straightforward way to calculate effective tax rate is to divide the income tax expense by the earnings (or income earned) before taxes. Tax expense is usually the last line item before the bottom line\u2014net income\u2014on an income statement.
If you are 65 or older and file as a single taxpayer, you get an extra $1,700 standard deduction for tax year 2021 and an extra $1,750 for tax year 2022.

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