2022 adjustments that apply to tax returns filed in 2023.

The tax items for tax year 2022 of greatest interest to most taxpayers include the following dollar amounts:

 The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022 and for heads of households, the standard deduction will be $19,400 for tax
year 2022.

 The personal exemption for tax year 2022 remains at 0, this elimination of the personal exemption was a provision in the Tax Cuts and Jobs Act.

 Marginal Rates: For tax year 2022, the top tax rate remains 37% for individual single taxpayers with incomes greater than $539,900 ($647,850 for married couples filing jointly). The other
rates are: 35%, 32%, 24%, 22%, 12% and 10%.