Code Section | |
---|---|
.01 Tax Rate Tables | 1(j)(2)(A)-(D) |
.02 Unearned Income of Minor Children ("Kiddie Tax") | 1(g) |
.03 Maximum Capital Gains Rate | 1(h) |
.04 Adoption Credit | 23 |
.05 Child Tax Credit | 24 |
.06 Earned Income Credit | 32 |
.07 Refundable Credit for Coverage Under a Qualified Health Plan |
36B(f)(2)(B) |
.08 Rehabilitation Expenditures Treated as Separate New Building | 42(e) |
.09 Low-Income Housing Credit | 42(h) |
.10 Employee Health Insurance Expense of Small Employers | 45R |
.11 Exemption Amounts for Alternative Minimum Tax | 55 |
.12 Alternative Minimum Tax Exemption for a Child Subject to the ?Kiddie Tax" |
59(j) |
.13 Certain Expenses of Elementary and Secondary School Teachers |
62(a)(2)(D) |
.14 Transportation Mainline Pipeline Construction Industry Optional Expense Substantiation Rules for Payments to Employees Under Accountable Plans |
62(c) |
.15 Standard Deduction | 63 |
.16 Cafeteria Plans | 125 |
.17 Qualified Transportation Fringe Benefit | 132(f) |
.18 Income from United States Savings Bonds for Taxpayers Who Pay Qualified Higher Education Expenses |
135 |
.19 Adoption Assistance Programs | 137 |
.20 Private Activity Bonds Volume Cap | 146(d) |
.21 Loan Limits on Agricultural Bonds |
147(c)(2) |
.22 General Arbitrage Rebate Rules | 148(f) |
.23 Safe Harbor Rules for Broker Commissions on Guaranteed Investment Contracts or Investments Purchased for a Yield Restricted Defeasance Escrow |
148 |
.24 Gross Income Limitation for a Qualifying Relative | 152(d)(1)(B) |
.25 Election to Expense Certain Depreciable Assets | 179 |
.26 Energy Efficient Commercial Buildings Deduction | 179D |
.27 Qualified Business Income | 199A |
.28 Eligible Long-Term Care Premiums | 213(d)(10) |
.29 Medical Savings Accounts | 220 |
.30 Interest on Education Loans | 221 |
.31 Limitation on Use of Cash Method of Accounting | 448 |
.32 Threshold for Excess Business Loss | 461(I) |
.33 Treatment of Dues Paid to Agricultural or Horticultural Organizations |
512(d) |
.34 Insubstantial Benefit Limitations for Contributions Associated With Charitable Fund-Raising Campaigns |
513(h) |
.35 Special Rules for Credits and Deductions | 642 |
.36 Tax on Insurance Companies Other than Life Insurance Companies |
831 |
.37 Expatriation to Avoid Tax | 877 |
.38 Tax Responsibilities of Expatriation | 877A |
.39 Foreign Earned Income Exclusion | 911 |
.40 Debt Instruments Arising Out of Sales or Exchanges | 1274A |
.41 Unified Credit Against Estate Tax | 2010 |
.42 Valuation of Qualified Real Property in Decedent's Gross Estate | 2032A |
.43 Annual Exclusion for Gifts | 2503, 2523 |
.44 Tax on Arrow Shafts | 4161 |
.45 Passenger Air Transportation Excise Tax | 4261 |
.46 Reporting Exception for Certain Exempt Organizations with Nondeductible Lobbying Expenditures |
6033(e)(3) |
.47 Notice of Large Gifts Received from Foreign Persons | 6039F |
.48 Persons Against Whom a Federal Tax Lien Is Not Valid | 6323 |
.49 Property Exempt from Levy | 6334(a) |
.50 Exempt Amount of Wages, Salary, or Other Income | 6334(d) |
.51 Interest on a Certain Portion of the Estate Tax Payable in Installments |
6601(j) |
.52 Failure to File Tax Return | 6651 |
.53 Failure to File Certain Information Returns, Registration Statements, etc. |
6652 |
.54 Other Assessable Penalties With Respect to the Preparation of Tax Returns for Other Persons |
6695 |
.55 Failure to File Partnership Return | 6698 |
.56 Failure to File S Corporation Return | 6699 |
.57 Failure to File Correct Information Returns | 6721 |
.58 Failure to Furnish Correct Payee Statements | 6722 |
.59 Revocation or Denial of Passport in Case of Certain Tax Delinquencies |
7345 |
.60 Attorney Fee Awards | 7430 |
.61 Periodic Payments Received Under Qualified Long-Term Care Insurance Contracts or Under Certain Life Insurance Contracts |
7702B(d) |
.62 Qualified Small Employer Health Reimbursement 9831 Arrangement | 9831 |
If Taxable Income Is: | The Tax Is: |
---|---|
Not over $20,550 | 10% of the taxable income |
Over $20,550 but not over $83,550 | $2,055 plus 12% of the excess over $20,550 |
Over $83,550 but not over $178,150 | $9,615 plus 22% of the excess over $83,550 |
Over $178,150 but not over $340,100 | $30,427 plus 24% of the excess over $178,150 |
Over $340,100 but not over $431,900 | $69,295 plus 32% of the excess over $340,100 |
Over $431,900 but not over $647,850 | $98,671 plus 35% of the excess over $431,900 |
Over $647,850 | $174,253.50 plus 37% of the excess over $647,850 |
If Taxable Income Is: | The Tax Is: |
---|---|
Not over $14,650 |
10% of the taxable income |
Over $14,650 but not over $55,900 | $1,465 plus 12% of the excess over $14,650 |
Over $55,900 but not over $89,050 | $6,415 plus 22% of the excess over $55,900 |
Over $89,050 but not over $170,050 | $13,708 plus 24% of the excess over $89,050 |
Over $170,050 but not over $215,950 | $33,148 plus 32% of the excess over $170,050 |
Over $215,950 but not over $539,900 | $47,836 plus 35% of the excess over $215,950 |
Over $539,900 | $161,218.50 plus 37% of the excess over $539,900 |
If Taxable Income Is: | The Tax Is: |
---|---|
Not over $10,275 |
10% of the taxable income |
Over $10,275 but not over $41,775 | $1,027.50 plus 12% of the excess over $10,275 |
Over $41,775 but not over $89,075 | $4,807.50 plus 22% of the excess over $41,775 |
Over $89,075 but not over $170,050 | $15,213.50 plus 24% of the excess over $89,075 |
Over $170,050 but not over $215,950 | $34,647.50 plus 32% of the excess over $170,050 |
Over $215,950 but not over $539,900 | $49,335.50 plus 35% of the excess over $215,950 |
Over $539,900 | $162,718 plus 37% of the excess over $539,900 |
If Taxable Income Is: | The Tax Is: |
---|---|
Not over $10,275 |
10% of the taxable income |
Over $10,275 but not over $41,775 | $1,027.50 plus 12% of the excess over $10,275 |
Over $41,775 but not over $89,075 | $4,807.50 plus 22% of the excess over $41,775 |
Over $89,075 but not over $170,050 | $15,213.50 plus 24% of the excess over $89,075 |
Over $170,050 but not over $215,950 | $34,647.50 plus 32% of the excess over $170,050 |
Over $215,950 but not over $323,925 | $49,335.50 plus 35% of the excess over $215,950 |
Over $323,925 | $87,126.75 plus 37% of the excess over $323,925 |
If Taxable Income Is: | The Tax Is: |
---|---|
Not over $2,750 |
10% of the taxable income |
Over $2,750 but not over $9,850 | $275 plus 24% of the excess over $2,750 |
Over $9,850 but not over $13,450 | $1,979 plus 35% of the excess over $9,850 |
Over $13,450 | $3,239 plus 37% of the excess over $13,450 |
Item | One | Two | Three or More | None |
---|---|---|---|---|
Earned Income Amount | $10,980 | $15,410 | $15,410 | $7,320 |
Maximum Amount of Credit | $3,733 | $6,164 | $6,935 | $560 |
Threshold Phaseout Amount (Single, Surviving Spouse, or Head of Household) | $20,130 | $20,130 | $20,130 | $9,160 |
Completed Phaseout Amount (Single, Surviving Spouse, or Head of Household) | $43,492 | $49,399 | $53,057 | $16,480 |
Threshold Phaseout Amount (Married Filing Jointly) | $26,260 | $26,260 | $26,260 | $15,290 |
Completed Phaseout Amount (Married Filing Jointly) | $49,622 | $55,529 | $59,187 | $22,610 |
If the household income (expressed as a percent of poverty line) is: |
The limitation amount for unmarried individuals (other than surviving spouses and heads of household) is: | The limitation amount for all other taxpayers is: |
---|---|---|
Less than 200% | $325 | $650 |
At least 200% but less than 300% | $825 | $1,650 |
At least 300% but less than 400% | $1,400 | $2,800 |
Joint Returns or Surviving Spouses |
$118,100 |
Unmarried Individuals (other than Surviving Spouses) | $75,900 |
Married Individuals Filing Separate Returns | $59,050 |
Estates and Trusts | $26,500 |
Married Individuals Filing Separate Returns |
$103,050 |
2022, the exemption amounts under § 55(d)(1) are: than surviving spouses), and Estates and Trusts | $206,100 |
Threshold Phaseout amount |
Complete Phaseout amount | |
---|---|---|
Joint Returns or Surviving Spouses | $1,079,800 | $1,552,200 |
Unmarried Individuals (other than Surviving Spouses) | $539,900 | $843,500 |
Married Individuals Filing Separate Returns | $539,900 | $776,100 |
Estates and Trusts | $88,300 | $194,300 |
Filing Status |
Standard Deduction |
---|---|
Married Individuals Filing Joint Returns and Surviving Spouses (§ 1(j)(2)(A)) | $25,900 |
Heads of Households (§ 1(j)(2)(B)) | $19,400 |
Unmarried Individuals (other than Surviving Spouses and Heads of Households) (§ 1(j)(2)(C)) | $12,950 |
Married Individuals Filing Separate Returns (§ 1(j)(2)(D)) | $12,950 |
Filing Status |
Threshold amount |
Phase-in range amount |
---|---|---|
Married Individuals Filing Joint Returns | $340,100 | $440,100 |
Married Individuals Filing Separate Returns | $170,050 | $220,050 |
All Other Returns | $170,050 | $220,050 |
Attained Age Before the Close of the Taxable Year |
Limitation on Premiums |
---|---|
40 or less | $450 |
More than 40 but not more than 50 | $850 |
More than 50 but not more than 60 | $1,690 |
More than 60 but not more than 70 | $4,510 |
More than 70 | $5,640 |
Scenario |
Daily Penalty | Maximum Penalty |
---|---|---|
Organization (§ 6652(c)(1)(A)) | $20 | Lessor of $11,000 or 5% of gross receipts of the organization for the year. |
Organization with gross receipts exceeding $1,129,000 (§ 6652(c)(1)(A)) | $110 | $56,000 |
Managers (§ 6652(c)(1)(B)) | $10 | $5,500 |
Public inspection of annual returns and reports (§ 6652(c)(1)(C)) | $20 | $11,000 |
Public inspection of applications for exemption and notice of status (§ 6652(c)(1)(D)) | $20 | No Limit |
Scenario |
Daily Penalty | Maximum Penalty |
---|---|---|
Organization or trust (§ 6652(c)(2)(A)) |
$10 | $5,500 |
Managers (§ 6652(c)(2)(B)) | $10 | $5,500 |
Split-Interest Trust (§ 6652(c)(2)(C)(ii)) | $20 | $11,000 |
Any trust with gross income exceeding $282,000 (§ 6652(c)(2)(C)(ii)) | $110 | $56,000 |
Scenario |
Daily Penalty | Maximum Penalty |
---|---|---|
Tax–exempt entity (§ 6652(c)(3)(A)) |
$110 | $56,000 |
Failure to comply with written demand (§ 6652(c)(3)(B)(ii)) | $110 | $11,000 |
Scenario |
Per Return or Claim for Refund |
Maximum Penalty |
---|---|---|
Failure to furnish copy to taxpayer (§ 6695(a)) | $55 | $28,000 |
Failure to sign return (§ 6695(b)) | $55 | $28,000 |
Failure to furnish identifying number (§ 6695(c)) | $55 | $28,000 |
Failure to retain copy or list (§ 6695(d)) | $55 | $28,000 |
Failure to file correct information returns (§ 6695(e)) | $55 per return and item in return | $28,000 |
Negotiation of check (§ 6695(f)) | $560 per check |
No limit |
Failure to be diligent in determining eligibility for head of household filing status, child tax credit, American Opportunity tax credit, and earned income credit (§ 6695(g)) | $560 per failure | No limit |
Scenario |
Penalty Per Return |
Calendar Year Maximum |
---|---|---|
General Rule (§ 6721(a)(1)) | $290 | $3,532,500 |
Corrected on or before 30 days after required filing date (§ 6721(b)(1)) | $50 | $588,500 |
Corrected after 30th day but on or before August 1, 2023 (§ 6721(b)(2)) | $110 | $1,766,000 |
Scenario |
Penalty Per Return |
Calendar Year Maximum |
---|---|---|
General Rule (§ 6721(d)(1)(A)) |
$290 | $1,177,500 |
Corrected on or before 30 days after required filing date (§ 6721(d)(1)(B)) | $50 | $206,000 |
Corrected after 30th day but on or before August 1, 2023 (§ 6721(d)(1)(C)) | $110 | $588,500 |
Scenario |
Penalty Per Return |
Calendar Year Maximum |
---|---|---|
Return other than a return required to be filed under §§ 6045(a), 6041A(b), 6050H, 6050I, 6050J, 6050K, or 6050L (§ 6721(e)(2)(A)) |
Greater of (i) $580, or (ii) 10% of aggregate amount of items required to be reported correctly | No limit |
Return required to be filed under §§ 6045(a), 6050K, or 6050L (§ 6721(e)(2)(B)) | Greater of (i) $580, or (ii) 5% of aggregate amount of items required to be reported correctly | No limit |
Return required to be filed under § 6050I(a) (§ 6721(e)(2)(C)) | Greater of (i) $29,440, or (ii) amount of cash received up to $117,500 | No limit |
Return required to be filed under § 6050V (§ 6721(e)(2)(D)) | Greater of (i) $580, or (ii) 10% of the value of the benefit of any contract with respect to which information is required to be included on the return | No limit |
Scenario |
Penalty Per Statement | Calendar Year Maximum |
---|---|---|
General Rule (§ 6722(a)(1)) | $290 | $3,532,500 |
Corrected on or before 30 days after required furnishing date (§ 6722(b)(1)) | $50 | $588,500 |
Corrected after 30th day but on or before August 1, 2023 (§ 6722(b)(2)) | $110 | $1,766,000 |
Scenario |
Penalty Per Statement | Calendar Year Maximum |
---|---|---|
General Rule (§ 6722(d)(1)(A)) |
$290 | $1,177,500 |
Corrected on or before 30 days after required furnishing date (§ 6722(d)(1)(B)) | $50 | $206,000 |
Corrected after 30th day but on or before August 1, 2023 (§ 6722(d)(1)(C)) | $110 | $588,500 |
Scenario |
Penalty Per Statement | Calendar Year Maximum |
---|---|---|
Payee statement other than a statement required under §§ 6045(b), 6041A(e) (in respect of a return required under § 6041A(b)), 6050H(d), 6050J(e), 6050K(b), or 6050L(c) (§ 6722(e)(2)(A)) |
Greater of (i) $580, or (ii) 10% of aggregate amount of items required to be reported correctly | No limit |
Payee statement required under §§ 6045(b), 6050K(b), or 6050L(c) (§ 6722(e)(2)(B)) | Greater of (i) $580, or (ii) 5% of aggregate amount of items required to be reported correctly | No limit |
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