![]() ![]() Other changes: Higher FSA limit, 401(k) totals The standard deduction will increase to $12,950, or a boost of $400, for single taxpayers, the agency said. Next year, it will increase to $25,900, or $800 higher than in the current tax year, for married couples. The agency said it's also boosting the standard deduction to account for inflation. The IRS said the personal exemption will remain at $0, the same as in 2021 the personal exemption was eliminated in the Tax Cuts and Jobs Act. ![]() 37% tax bracket: single filers earning more than $539,900 and married couples filing jointly earning over $647,850.35% tax bracket: single filers earning more than $215,950 and married couples filing jointly earning over $431,900.32% tax bracket: single filers earning more than $170,050 and married couples filing jointly earning over $340,100.24% tax bracket: single filers earning more than $89,075 and married couples filing jointly earning over $178,150.22% tax bracket: single filers earning more than $41,775 and married couples filing jointly earning over $83,550. ![]()
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