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Federal Individual Income Tax Brackets, Standard …

Federal Individual Income Tax brackets , Standard Deduction, and Personal Exemption: 1988 to 2022 Updated December 6, 2021 Congressional Research Service RL34498 Congressional Research Service SUMMARY Federal Individual Income Tax brackets , Standard Deduction, and Personal Exemption: 1988 to 2022 This report tracks changes in Federal Individual Income tax brackets , the Standard deduction, and the personal exemption since 1988. All three have been indexed for inflation since 1981. The report also explains how certain tax provisions are adjusted for inflation. The table below shows the levels in 2022. Current statutory tax rates have evolved from the Tax Reform Act of 1986 (TRA86; 99-514) and several tax laws enacted since then.

Dec 06, 2021 · rate changes in the 2017 tax revision (P.L. 115-97). As shown in the table, there are seven statutory marginal individual income tax rates from 2018 to 2025: 10%, 12%, 22%, ... Additional Standard Deduction for the Elderly or the Blind: Joint (each spouse) $1,400 Single/Head of Household $1,750 RL34498 December 6, 2021 Gary Guenther

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