The indexing factor for federal tax credits and brackets for 2022 is 2.4%. The following federal tax rates and brackets will be in effect for individuals for the 2022 tax year.
Income level Federal tax rate
$14,398 – $50,197 15%
$50,198 – $100,392 20.5%
$100,393 – $155,625 26%
$155,626 – $221,708 29%
Over $221,708 33%
