2022 California and Federal Income Tax Brackets
Below is a quick reference table for California and Federal Income Taxes.
Note, the list of things not included, such as deductions, credits, deferred income, and specialty dividends, capital gains, or other income. You can find a quick reference guide to that HERE:
For personal or specific information, call your CPA or head to https://www.ftb.ca.gov/ or IRS.Gov.
See the Federal and California Tax Brackets table below:
|
Tax Rate |
Federal Income Tax |
Tax Owed |
|
10% |
Up to $10,275 |
10% of Taxable Income |
|
12% |
$10,276 to $41,775 |
$1,028 + 12% of the total > $10,275 |
|
22% |
$41,776 to $89,075 |
$4,808 + 22% of the total > $41,775 |
|
24% |
$89,076 to $170,050 |
$15,214 + 24% of the total > $89,075 |
|
32% |
$170,051 to $215,950 |
$34,648 + 32% of the total > $170,050 |
|
35% |
$215,951 to $539,900 |
$49,336 + 35% of the total > $215,950 |
|
37% |
Over $539,900 |
$162,718 + 37% of the total > $539,900 |
|
Tax Rate |
Federal Income Tax |
Tax Owed |
|
10% |
Up to $20,550 |
10% of taxable income |
|
12% |
$20,551 to $83,550 |
$2,055 + 12% of the total > $20,550 |
|
22% |
$83,551 to $178,150 |
$9,615 + 22% of the total > $83,550 |
|
24% |
$178,151 to $340,100 |
$30,427 + 24% of the total > $178,150 |
|
32% |
$340,101 to $431,900 |
$69,295 + 32% of the total > $340,100 |
|
35% |
$431,901 to $647,850 |
$98,671 + 35% of the total > $431,900 |
|
37% |
Over $647,850 |
$174,254 + 37% of the total > $647,850 |
|
Tax rate |
California Income Tax Single / Filing Separately |
Tax Owed |
|
1% |
$0 to $9,325 |
1% of taxable income. |
|
2% |
$9,326 to $22,107 |
$94 + 2% of the total > $9,325. |
|
4% |
$22,108 to $34,892 |
$349 + 4% of the total > $22,107. |
|
6% |
$34,893 to $48,435 |
$861 + 6% of the total > $34,892. |
|
8% |
$48,436 to $61,214 |
$1,673 + 8% of the total > $48,435. |
|
9.3% |
$61,215 to $312,686 |
$2,696 + 9.3% of the total > $61,214. |
|
10.3% |
$312,687 to $375,221 |
$26,083 + 10.3% of the total > $312,686. |
|
11.3% |
$375,222 to $625,369 |
$32,524 + 11.3% of the total > $375,221. |
|
12.3% |
$625,370 or more |
$60,790 + 12.3% of the total > $625,369. |
|
Tax rate |
California Income Tax Married Filing Jointly |
Tax Owed |
|
1% |
$0 to $18,650 |
1% of taxable income. |
|
2% |
$18,651 to $44,214 |
$187 + 2% of the total > $18,650. |
|
4% |
$44,215 to $69,784 |
$698 + 4% of the total > $44,214. |
|
6% |
$69,785 to $96,870 |
$1,721 + 6% of the total > $69,784. |
|
8% |
$96,871 to $122,428 |
$3,346 + 8% of the total > $96,870. |
|
9.3% |
$122,429 to $625,372 |
$5,391 + 9.3% of the total > $122,428. |
|
10.3% |
$625,373 to $750,442 |
$52,165 + 10.3% of the total > $625,372. |
|
11.3% |
$750,443 to $1,250,738 |
$65,047 + 11.3% of the total > $750,442. |
|
12.3% |
$1,250,739 or more |
$121,580 + 12.3% of the total > $1,250,738. |
All decimals have been rounded up to the next dollar.
If you have questions on income tax deferral, tax minimization or the impact of taxes on your investment strategy, give our office a call today at 530-487-1777,