Tax brackets are a central part of the tax code for households.
The federal tax code is a complex, changing set of rules — but one of the most important annual changes are the yearly adjustments to income-tax brackets.
The federal tax code is a complex, changing set of rules — but one of the most important annual changes are the yearly adjustments to income-tax brackets. What are the brackets for 2022? The income-tax brackets vary depending on filing status. For tax year 2022, here are the brackets for single filers.For heads of household, here are the 2022 income tax brackets:
Yearly bracket adjustments started in the 1980s, but were on sharp display in the adjustments to the 2023 income-tax brackets as hot inflation burned through Americans’ wallets. From 2022 to 2023, the income tax brackets increased by roughly 7%.
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