Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
S
sunshinyday
September 28, 2022
Question

If someone makes over 40,000

  • September 28, 2022
  • 1 reply
  • 0 views

If someone makes 41,000 ..Is there a $1,000 tax and 12% taxed too? Did the tax rate change from last year?

    1 reply

    Neil 12
    Neil 12
    September 28, 2022

    Hi sunshinyday!
    Per IRS for tax year 2022, the tax rate is 12% of income over $10,275 up to $41,774 for single filing status.  See below brackets and link to IRS website.  Also, it's not an additional $1,000 tax.  


    22% for incomes over $41,775 ($83,550 for married couples filing jointly);
    12% for incomes over $10,275 ($20,550 for married couples filing jointly).

    IRS tax rates for 2022 tax year 

     

    Suggest to also utilize our TurboTax Tax Calculator to estimate your 2022 taxes.  See link:

    Estimate your 2022 taxes! 

     

    Have a great day!

    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification