2022 Tax Filing Guide

Posted on January 26, 2023 by Oozle Media

This a reference guide for use with 2022 tax return filing.

2022 Tax Brackets and Federal Income Tax Rates

Tax Rate	Single	Married Filing Joint	Married Filing Separate	Head of Household
10%	$0 to $10,275	$0 to $20,550	$0 to $10,275	$0 to $14,650
12%	$10,276 to $41,775	$20,551 to $83,550	$10,276 to $41,775	$14,651 to $55,900
22%	$41,776 to $89,075	$83,551 to $178,150	$41,776 to $89,075	$55,901 to $89,050
24%	$89,076 to $170,050	$178,151 to $340,100	$89,076 to $170,050	$89,051 to $170,050
32%	$170,051 to $215,950	$340,101 to $431,900	$170,051 to $215,950	$170,051 to $215,950
35%	$215,951 to $539,900	$431,901 to $647,850	$215,951 to $323,925	$215,951 to $539,900
37%	$539,901 or more	$647,851 or more	$323,926 or more	$539,901 or more

Standard Deduction

Filing Status	2022 Tax Year
Single	$12,950
Married Filing Jointly	$25,900
Married Filing Separate	$12,950
Head of Household	$19,400

Mileage Reimbursement Rates

Business Mileage Rate	58.5 cents / mile (Jan – June) 62.5 cents/mile (July – Dec)
Medical and Moving Mileage Rate	18 cents / mile (Jan – June) 22 cents/mile (July – Dec)
Charitable Mileage Rate	14 cents / mile (Whole Year)

Key Dates To Know

The Internal Revenue Service announced that the nation’s tax season will start on Monday, January 23rd, 2023. This means you can start filing your taxes now! It is also important to note that the deadline for most will be on April 18th, 2023. Other key dates include:

• October 16th is the Extension Deadline for Individual Returns
• March 15th is the Tax Deadline for Business Returns
• September 15th is the Extension Deadline for Business returns

If you need help with your taxes this season, the Lightheart Sanders and Associates can help. Whether you’re an individual taxpayer or a business owner, we can help reduce the stress and pains of filing for taxes. Contact us today with any questions you may have!