2022 Tax Figures

Here are inflation adjustments in some of the most important tax figures for 2020 and 2021, as announced by the IRS. Other categories of numbers, including tax rate schedules and figures relating to retirement accounts and health savings accounts, are available in our Reference Room.

Standard deduction

Standard deduction, general rule
married filing jointly 25,900
head of household 19,400
single or separate 12,950
Additional amount for aged or blind
married 1,400
single 1,750
Standard deduction for dependent
minimum 1,150
or earned income plus 400

Education benefits

Education loan deduction begins to phase out
married filing jointly 145,000
others 70,000
Lifetime learning credit begins to phase out
married filing jointly 160,000
others 80,000
Savings bond interest exclusion begins to phase out
married filing jointly 128,650
others 85,800

Alternative minimum tax (“AMT”)

AMT exemption amount
married filing jointly 118,100
single 75,900
married filing separately 59,050
AMT exemption amount begins to phase out
married filing jointly 1,079,800
unmarried 539,900
married filing separately 539,900
AMT 28% rate begins
all except MFS 206,100
married filing separately 103,050

Estate and gift tax

Gift tax exclusion
individual 16,000
non-citizen spouse 164,000
Unified credit exclusion amount
individual 12,060,000

Standard mileage rates (in cents)

When not claiming actual expenses
business TBA
basis reduction TBA
medical and moving TBA
charitable TBA

More tax figures: Reference Room