Estimated Taxes
Estimated Tax Payment Burden Survey
- According to the IRS, they recognize that taxpayers with estimated tax requirements often have to spend additional time and money to meet their tax obligations compared to those who have the benefit of withholding.
- Not meeting estimated tax obligations can also lead to penalties and high tax bills.
The IRS is interested in better understanding the burdens and challenges taxpayers may face in making estimated tax payments throughout the year. The Estimated Tax Burden Survey provides an important opportunity to provide feedback that can be used to help millions of taxpayers who need to make estimated tax payments. The 2022 results aren't available yet, however, the Survey link is below!
Filing Status
Your estimated taxes begin by knowing your filing status:
- Single
- Married filing joint
- Married filing separate
- Head of household
- Qualified Widow(er)
Annual Taxable Income
What is your annual taxable income?
Marginal Tax Rate
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%, for incomes over $215,950 ($431,900 for married couples filing jointly);
32% for incomes over $170,050 ($340,100 for married couples filing jointly);
24% for incomes over $89,075 ($178,150 for married couples filing jointly);
22% for incomes over $41,775 ($83,550 for married couples filing jointly);
12% for incomes over $10,275 ($20,550 for married couples filing jointly).
The lowest rate is 10% for incomes of single individuals with incomes of $10,275 or less ($20,550 for married couples filing jointly).
