Different States Income Tax Information
Illinois Income Taxes Information
2022 Illinois net income personal exemption amount amount is $2,425 .
2022 Illinois net income is taxed at a 4.95% flat rate.
New York State Income Taxes Information
Standard Deduction for Single (Can't be claimed as a dependent on another taxpayer's tax return) is $8,000.
New York state income tax rates and tax brackets
Federal Income Taxes Information
For 2022, the standard deduction $12,950 for singles and $25,900 for married couples.
2022 Tax Brackets for Single Filers and Married Couples Filing Jointly
2022 Tax Brackets for Single Filers and Married Couples Filing Jointly.xlsxSocial Security Tax Limit in 2023
In 2022, the Social Security tax limit is $147,000 .
In 2023, the Social Security tax limit is $160,200 .
The rate is 6.2%.
Medicare Tax in 2022 no Maximum
The rate is 1.45%.
FICA is Social Security + Medicare = 7.65%
Federal Income Taxes Withheld is 4.86%
New York State Income Taxes Withheld is 4.14%
New York City Income Tax Withheld is 2.95%