Roth IRA + Traditional IRA Contribution Limits 2022
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|
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| Roth IRA | $6,000 | $6,000 |
| Roth IRA Age 50+ | $7,000 | $7,000 |
| Traditional IRA | $6,000 | $6,000 |
| Traditional IRA Age 50+ | $7,000 | $7,000 |
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|
|
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| Single | $129,000-$144,000 | $138,000-$153,000 |
| Married Filing Jointly | $204,000-$214,000 | $218,000-$228,000 |
| Married Filing Separately | $0-$10,000 | $0-$10,000 |
Traditional IRA Income Limits
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|
|
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| Single, Covered by Workplace Plan | $66,000-$76,000 | $68,000-$78,000 |
| MFJ, You are covered by a workplace plan | $105,000-$125,000 | $109,000-$129,000 |
| MFJ, You DO NOT have a workplace plan BUT spouse does | $198,000-$208,000 | $204,000-$214,000 |
2022 Federal Income Tax Brackets
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|
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| 10% | $0 to $10,275 | $0 to $20,550 | $0 to $14,650 |
| 12% | $10,275 to $41,775 | $20,550 to $83,550 | $14,650 to $55,900 |
| 22% | $41,775 to $89,075 | $83,550 to $178,150 | $55,900 to $89,050 |
| 24% | $89,075 to $170,050 | $178,150 to $340,100 | $89,050 to $170,050 |
| 32% | $170,050 to $215,950 | $340,100 to $431,900 | $170,050 to $215,950 |
| 35% | $215,950 to $539,900 | $431,900 to $647,850 | $215,950 to $539,900 |
| 37% | $539,900 or more | $647,850 or more | $539,900 or more |
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|
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| Single | $12,950 |
| MFJ | $25,900 |
| Head of Household | $19,400 |
