income tax rates

•Personal Exemptions Eliminated•

Personal and dependent exemptions are eliminated under the new TCJA from 2018 to 2025. You are not able to reduce the income that subjects to tax by the exemptions amount for each person included on your tax return as you have in previous years such as yourself, your spouse, or your dependents.

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•2022 Individual Income Tax Brackets•

2022 Individual Income Tax Brackets

The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status. The top marginal income tax rate of 37 percent will hit taxpayers with a taxable income of $539,900 and higher for single filers and $647,850 and higher for married couples filing jointly.

Here are the 2022 tax rates and brackets organized by filing
status:

single, Married file jointly, heads of household

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•2022 Standard Deduction Amounts•

2022 Standard Deduction Amounts

There are 2 main types of tax deductions: the standard deduction and itemized deductions. You are allowed to claim one type of deduction on your tax return, but not both. For instance, if you claim the standard deduction, you cannot claim itemized deductions – and vice versa (if you itemized deductions, you cannot claim the standard deduction). You can use whichever type of deduction results in the lowest tax. Here are the standard deduction amounts by filing status:

The standard deduction for 2022 is $1,700 higher for those who are over 65 or blind. If someone can claim you as a dependent, you get a smaller standard deduction.

Home

•2022 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

Home

2021 Individual Income Tax Brackets

•2021 Individual Income Tax Brackets•

The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status.

Here are the 2021 tax rates and brackets organized by filing
status:

single, Married file jointly, heads of household

Home

•2021 Standard Deduction Amounts

•2021 Standard Deduction Amounts•

There are 2 main types of tax deductions: the standard deduction and itemized deductions. You are allowed to claim one type of deduction on your tax return, but not both. For instance, if you claim the standard deduction, you cannot claim itemized deductions – and vice versa (if you itemized deductions, you cannot claim the standard deduction). You can use whichever type of deduction results in the lowest tax. Here are the standard deduction amounts by filing status:

Home

•2021 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

Home

2020 Individual Income Tax Brackets

•2020 Individual Income Tax Brackets•

The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status.

Here are the 2020 tax rates and brackets organized by filing
status:

single, Married file jointly, heads of household

Home

•2020 Standard Deduction Amounts•

There are 2 main types of tax deductions: the standard deduction and itemized deductions. You are allowed to claim one type of deduction on your tax return, but not both. For instance, if you claim the standard deduction, you cannot claim itemized deductions – and vice versa (if you itemized deductions, you cannot claim the standard deduction). You can use whichever type of deduction results in the lowest tax. Here are the standard deduction amounts by filing status:

The standard deduction is $1,300 higher for those who are over
65 or blind. It is $1,650 higher if they're also unmarried and not a surviving spouse. If someone can claim you as a dependent, you get a smaller standard deduction.

Home

•2020 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

Home

CA 2022 State Income Tax bracket

•2022 ca tax brackets

Tax Relief for Californians Impacted by Storms

Published: Jan 13, 2023

SACRAMENTO – Californians impacted by winter storms are now eligible to claim a deduction for a disaster loss and will have more time to file their taxes.

DISASTER AREAS

Residents and businesses in Alameda, Colusa, Contra Costa, El Dorado, Fresno, Glenn, Humboldt, Kings, Lake, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Mono, Monterey, Napa, Orange, Placer, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Solano, Sonoma, Stanislaus, Sutter, Tehama, Tulare, Ventura, Yolo, and Yuba counties who have been affected by severe winter storms, flooding and mudslides are eligible for tax relief.

California state income tax rates are 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%.

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NY 2022 State Income Tax bracket

•2022 NY tax brackets

New York state income tax rates are 4%, 4.5%, 5.25%, 5.85%, 6.25%, 6.85%, 9.65%, 10.3% and 10.9%.
New York City and Yonkers have their own local income tax on top of the state tax. New York City income tax rates are 3.078%, 3.762%, 3.819% and 3.876%.

Home

Christine Lo

Tax & Accounting Service

income tax rates

•Personal Exemptions Eliminated•

Personal and dependent exemptions are eliminated under the new TCJA from 2018 to 2025. You are not able to reduce the income that subjects to tax by the exemptions amount for each person included on your tax return as you have in previous years such as yourself, your spouse, or your dependents.

•2022 Individual Income Tax Brackets•

Here are the 2022 tax rates and brackets organized by filing
status:

•2022 Standard Deduction Amounts•

The standard deduction for 2022 is $1,700 higher for those who are over 65 or blind. If someone can claim you as a dependent, you get a smaller standard deduction.

•2022 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

•2021 Individual Income Tax Brackets•

The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status.

Here are the 2021 tax rates and brackets organized by filing
status:

•2021 Standard Deduction Amounts•

•2021 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

•2020 Individual Income Tax Brackets•

The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status.

Here are the 2020 tax rates and brackets organized by filing
status:

•2020 Standard Deduction Amounts•

The standard deduction is $1,300 higher for those who are over
65 or blind. It is $1,650 higher if they're also unmarried and not a surviving spouse. If someone can claim you as a dependent, you get a smaller standard deduction.

•2020 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

•2022 ca tax brackets

Tax Relief for Californians Impacted by Storms

California state income tax rates are 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%.

•2022 NY tax brackets

New York state income tax rates are 4%, 4.5%, 5.25%, 5.85%, 6.25%, 6.85%, 9.65%, 10.3% and 10.9%.
New York City and Yonkers have their own local income tax on top of the state tax. New York City income tax rates are 3.078%, 3.762%, 3.819% and 3.876%.

Christine Lo

Accounting and Tax Services

Christine Lo

Tax & Accounting Service

income tax rates

•Personal Exemptions Eliminated•

Personal and dependent exemptions are eliminated under the new TCJA from 2018 to 2025. You are not able to reduce the income that subjects to tax by the exemptions amount for each person included on your tax return as you have in previous years such as yourself, your spouse, or your dependents.

•2022 Individual Income Tax Brackets•

Here are the 2022 tax rates and brackets organized by filing status:

•2022 Standard Deduction Amounts•

The standard deduction for 2022 is $1,700 higher for those who are over 65 or blind. If someone can claim you as a dependent, you get a smaller standard deduction.

•2022 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and rates than ordinary income.

•2021 Individual Income Tax Brackets•

The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status.

Here are the 2021 tax rates and brackets organized by filing status:

•2021 Standard Deduction Amounts•

•2021 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and rates than ordinary income.

•2020 Individual Income Tax Brackets•

The Federal income tax has 7 rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The amount of tax you owe depends on your income level and filing status.

Here are the 2020 tax rates and brackets organized by filing status:

•2020 Standard Deduction Amounts•

The standard deduction is $1,300 higher for those who are over 65 or blind. It is $1,650 higher if they're also unmarried and not a surviving spouse. If someone can claim you as a dependent, you get a smaller standard deduction.

•2020 Long-term Capital Gains Tax Brackets•

Long-term capital gains re-taxed using different brackets and rates than ordinary income.

•2022 ca tax brackets

Tax Relief for Californians Impacted by Storms

California state income tax rates are 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3% and 12.3%.

•2022 NY tax brackets

New York state income tax rates are 4%, 4.5%, 5.25%, 5.85%, 6.25%, 6.85%, 9.65%, 10.3% and 10.9%. New York City and Yonkers have their own local income tax on top of the state tax. New York City income tax rates are 3.078%, 3.762%, 3.819% and 3.876%.

Here are the 2022 tax rates and brackets organized by filing
status:

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

Here are the 2021 tax rates and brackets organized by filing
status:

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

Here are the 2020 tax rates and brackets organized by filing
status:

The standard deduction is $1,300 higher for those who are over
65 or blind. It is $1,650 higher if they're also unmarried and not a surviving spouse. If someone can claim you as a dependent, you get a smaller standard deduction.

Long-term capital gains re-taxed using different brackets and
rates than ordinary income.

New York state income tax rates are 4%, 4.5%, 5.25%, 5.85%, 6.25%, 6.85%, 9.65%, 10.3% and 10.9%.
New York City and Yonkers have their own local income tax on top of the state tax. New York City income tax rates are 3.078%, 3.762%, 3.819% and 3.876%.