What is the Tax on Net Investment Income? Meanwhile, for people who are considered as heads of a household, the tax rate is set at zero percent for income up to 55,800 dollars and 15 percent for between 55,800 dollars and 488,500 dollars, with those who earn more than the latter figure having to pay a 20 percent in taxes.Īs for those with the status 'married filing jointly', there is no tax rate if they earn up to 83,350 dollars, with the threshold being sent at 15 percent for those with income from 83,350 dollars to 517,200 dollars and 20 percent for the rest. The tax rate for those who are single is set at zero percent in the event their taxable income is up to 41,675 dollars, 15 percent for those who earn from 41,675 dollars to 459,750 dollars and 20 percent for those who get more than 459,750 dollars.įor those who fall into the Married Filing Separate category, they pay no taxes if they earn up to 41,675 dollars, with the tax rate being set at 15 percent for those with income from 41,675 dollars to 258,600 dollars and 20 percent for those who earn over 258,600 dollars. What are the Capital Gains Tax Rate Thresholds for 2022?
The more you earn the more tax you will pay, with the thresholds being divided in four separate categories depending on your marital status.
Gains from stocks, mutual funds or other capital assets are taxed at either a zero percent, 15 percent or 20 percent rate, which solely depends on the income of the taxpayer. The US Internal Revenue Service (IRS) has released the capital gains tax thresholds for 2022 after adjusting the tax rates according to the inflation. The 2023 tax yearthe return you’ll file in 2024will have the same seven federal income tax brackets as the 2022-2023 season: 10, 12, 22, 24, 32, 35 and 37.
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