IRS Announces 2022 Tax Rates, Standard Deduction Amounts And More

IRS Announces 2022 Tax Rates, Standard Deduction Amounts And More

November 17, 2021
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The Internal Revenue Service has announced annual inflation adjustments for tax year 2022, meaning new tax-rate schedules and tax tables and cost-of-living adjustments for various tax breaks. Most numbers are up more than in recent years because of higher inflation. Note: These numbers, for the tax year beginning January 1, 2022, are what you’ll use to prepare your 2022 tax returns in 2023.

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