2022 Federal Taxable Income Brackets and Rates (for returns due in April 2023)
Single
Income
Federal Tax Rate
$0-$10,275
10%
$10,276-$41,775
12%
$41,776-$89,075
22%
$89,076-$170,050
24%
$170,051-$215,950
32%
$215,951-$569,900
35%
$539,901+
37%
Head of Household
Income
Federal Tax Rate
$0-$14,650
10%
$14,651-$55,900
12%
$55,901-$89,050
22%
$89,051-$170,050
24%
$180,051-$215,950
32%
$215,951-$539,900
35%
$539,901+
37%
Married, Filing Jointly
Income
Federal Tax Rate
$0-$20,550
10%
$20,551-$83,550
12%
$83,551-$178,150
22%
$178,151-$340,100
24%
$340,100-$431,900
32%
$431,901-$647,850
35%
$647,851+
37%
Married, Filing Separately
Income
Federal Tax Rate
$0-$10,275
10%
$10,276-$41,775
12%
$41,776-$89,075
22%
$89,076-$170,050
24%
$170,051-$245,950
32%
$215,951-$323,925
35%
$323,926+
37%
2021-2022 Average Cost of Colleges & Universities
Type
Residence
Tuition & Fees
With Room & Board
Public 4yr
Residence:
In-state
Tuition & Fees:
$10,740
With Room & Board:
$22,690
Public 4yr
Residence:
Out-of-State
Tuition & Fees:
$27,560
With Room & Board:
$39,510
Public 2yr
Residence:
In-State
Tuition & Fees:
$3,800
With Room & Board:
$13,130
Private 4yr
Residence:
N/A
Tuition & Fees:
$38,700
With Room & Board:
$51,690
Historic Rates of Return 1926-2020
Inflation
2.9%
U.S. Treasury Bills
3.3%
Long-Term Government Bonds
5.7%
U.S. Large-Company Stocks
10.3%
U.S. Small-Company Stocks
11.8%
Social Security Amount
This calculator will estimate your monthly Social Security amount based on the the income(s) and marital status provided. If you would like to override this estimated amount with a different amount, you may do so by entering that amount here.
72(t) Distribution Amounts
IRS Notice 2022-62 provides that taxpayers may use—beginning with payments starting in 2022 or later—the greater of 120% of the applicable Federal mid-term rate, or 5% to calculate 72(t) payments using the Amortization or Annuitization methods.
Also known as the debt ratio, lenders use this ratio, along with the front-end ratio, to determine the maximum loan amount. Debt ratio equals your combined monthly mortgage payment plus any other monthly debt obligations, such as credit cards and alimony, divided by your gross monthly income. Use a back-end ratio of 33% for conservative results and as high as 42% for aggressive results (usually requires excellent credit and a higher down payment).
Front End Ratio
Also known as the housing ratio, lenders use this ratio along with the back-end ratio to determine the maxiumum loan amount. The housing ratio equals the combined (principal + interest + taxes + insurance) monthly mortgage payment divided by your gross monthly income. For example, a combined monthly mortgage payment of $1,200 divided by gross monthly income of $4,500 equals a housing ratio of 27%. Use a front-end ratio of 28% for conservative results and as high as 36% for aggressive results (usually requires excellent credit and a higher down payment).
Financial planning for working abroad requires thorough research and preparation. By considering these components, you can create a robust financial plan that supports your transition and helps you thrive in your new environment. Always consult with financial advisors or tax professionals, particularly those experienced in international matters, to tailor your plan to your specific situation.
Financial planning for working abroad requires thorough research and preparation. By considering these components, you can create a robust financial plan that supports your transition and helps you thrive in your new environment. Always consult with financial advisors or tax professionals, particularly those experienced in international matters, to tailor your plan to your specific situation.
By employing these strategies, you can increase your chances of finding lower airfare and save money on your travels. Happy flying!