Note: Amounts are rounded to the nearest dollar.

Single Filers

Taxable IncomeTax$$0$$$11,00010\%$of taxable income$$11,001$$$44,725$$$1,746$plus $12\%$of excess over $$11,000$$$44,726$$$95,375$plus $22\%$of excess over $$44,725$$$95,376$$$182,100$plus $24\%$of excess over $$95,375$$$182,101$$$231,250$plus $32\%$of excess over $$182,100$$$231,256$$$578,125$plus $35\%$of excess over $$231,250$$$578,126+$plus $37\%$of excess over $$578,125$

A first step to tax planning is to know your tax bracket and how close you are to the nearest tax brackets.

What does it mean to be in the $22\%$ tax bracket?$$Check all that apply.

If you itemize your deductions and you contribute $$1,000$ to charity, you get a deduction worth $$220,$ so your cost of the charitable contribution is $$780$ after taxes.

You pay $22\%$ in taxes on your total taxable income.

If you are single, your income falls in the $$44,726$ to $$93,375$ range.

You pay $22\%$ on your last dollar of taxable income earned.