UPDATED TAX RATES AND CATEGORIES FOR 2022
The Internal Revenue Service (IRS) has announced adjustments to tax rates and federal income categories for 2022. This is due to the multi-month rise in consumer prices.
Due to the surge in the cost of consumer goods, most tax thresholds are being raised at a faster rate than usual, according to the IRS.
Most tax rate points rose by about 3% compared to the 2021 filing period due to a recent spike in inflation, the biggest increase in four years. The changes will affect tax returns for 2022, which will be filed in 2023.
The IRS issues annual inflation adjustments for tax reserves. The consumer price index showed prices rose 6.2% in October, the highest level since December 1990.
New federal income tax figures for 2022 -
For individual taxpayers:
y 10%: taxable income up to $10,275;
y 12%: taxable income between $10,275 and $41,775;
y 22%: taxable income between $41,775 and $89,075;
y 24%: taxable income between $89,075 and $170,050;
y 32%: taxable income between $170,050 and $215,950;
y 35%: taxable income between $215,950 and $539,900;
y 37%: taxable income over $539,900.
For married individuals filing a joint declaration:
y 10%: taxable income up to $20,550;
y 12%: taxable income between $20,550 and $83,550;
y 22%: taxable income between $83,550 and $178,150;
y 24%: taxable income between $178,150 and $340,100;
y 32%: taxable income between $340,100 and $431,900;
y 35%: taxable income between $431,900 and $647,850;
y 37%: taxable income over $647,850.
The standard deduction claimed by most taxpayers will increase from $25,100 to $25,900 in 2022 for couples filing jointly. For individuals, the new maximum will be $12,950 for 2022, up from $12,550 before, according to the IRS.
The maximum amount that can be deducted for health care will be $2,850, up from $2,750 previously.
The number of naturalizations has skyrocketed.
The highest rate of naturalization of US citizenship in the last ten years.
The number of people who became naturalized U.S. citizens in fiscal year 2021 was the highest in more than a decade, surpassing the record set by the Trump administration, according to new data.
The process has recovered after a lull associated with the pandemic, office closures and service outages.
During the fiscal year ended September 30, about 855,000 people were naturalized, compared with 625,400 people in fiscal year 2020, according to data provided by the USCIS.
In 2019, under the Trump administration, the agency hit an 11-year high of 843,593 naturalizations.
After struggling with financial problems related to the Covid-19 pandemic, the agency was able to speed up naturalization, said USCIS director Ur Juddoo.
“It is a huge value to the nation when people who are legal permanent residents become citizens, so we would like to support this,” she said, speaking at a naturalization ceremony at the agency’s headquarters on November 9.
In July, it was reported that the Biden administration was planning an unprecedented effort to encourage immigrants eligible for U.S. citizenship, according to a then USCIS official.
These efforts were the result of an early executive order from President Joe Biden that called for federal agencies to develop "enabling policies that promote inclusion, inclusion, and citizenship."
“The idea is to find a nationwide way to reach people who can naturalize,” a USCIS official said earlier, adding that there are 9 million people in the US who are lawful permanent residents who may be eligible to apply for citizenship.
For example, efforts may include holding naturalization ceremonies in national parks to raise awareness, partnering with the US Postal Service to display promotional posters, and engaging with the Department of Veterans Affairs and Veterans Services Organizations to find ways to educate military and veterans about citizenship, as per the strategy. , entitled
"An Interagency Strategy for the Promotion of Naturalization".
USCIS is working with 11 federal agencies to integrate and promote naturalization, Juddoo said.
“We want to make sure we work together as a team to guarantee naturalization,” she added.
On Tuesday, Judd was joined by Veterans Affairs Secretary Denis McDonough and retired Major General Viet Xuan Luong for a naturalization ceremony in which 12 active duty military personnel became citizens in honor of Veterans Day.
The new US citizens arrived from 10 countries: Cameroon, China, El Salvador, Ghana, Jamaica, Mexico, Nepal, Philippines, Poland and Vietnam.
Another ceremony will take place on November 10 with Secretary of Homeland Security Alejandro Majorcas in Baltimore.
Asked how the efforts of the Biden administration contrast with those of the Trump administration, Juddoo replied, "Number one is public participation."
"That's one of the biggest things we've changed is to make sure we work with the public in as many venues as possible," she said.
The agency is also considering streamlining its forms, Juddoo said: "Some of them are too long and difficult to understand."
The naturalization record was reached in 2008 when more than a million people became US citizens, an increase due to upcoming fee increases and efforts to encourage eligible applicants to apply for citizenship.