Resources

December 12

Employees – who work for tips. If you received $20 or more in tips during November, report them to your employer. You can use Form 4070.

December 15

Corporations – Deposit the fourth installment of estimated income tax for 2022. A worksheet, Form 1120-W, is available to help you estimate your tax for the year.

Employers – Social Security, Medicare, and withheld income tax. If the monthly deposit rule applies, deposit the tax for payments in November.

Employers – Nonpayroll withholding. If the monthly deposit rule applies, deposit the tax for payments in November.

10%
0 to $10,275

12%
$10,275 to $41,775

22%
$41,775 to $89,075

24%
$89,075 to $170,050

32%
$170,050 to $215,950

35%
$215,950 to $539,900

37%
Over $539,900

12%
$20,550 to $83,550

22%
$83,550 to $178,150

24%
$178,150 to $340,100

32%
$340,100 to $431,900

35%
$431,900 to $647,850

37%
Over $647,850

12%
$10,275 to $41,775

22%
$41,775 to $89,075

24%
$89,075 to $170,050

32%
$170,050 to $215,950

35%
$215,950 to $323,925

37%
Over $323,925

12%
$14,650 to $55,900

22%
$55,900 to $89,050

24%
$89,050 to $170,050

32%
$170,050 to $215,950

35%
$215,950 to $539,900

37%
Over $539,900

24%
$2,750 to $9,850

35%
$9,850 to $13,450

37%
Over $13,450

Social Security Tax Rate: Employees
6.2%

Social Security Tax Rate: Self-Employed
15.3%

Maximum Taxable Earnings
$147,000

Medicare Base Salary
Unlimited

Medicare Tax Rate: Employers
1.45%

Medicare Tax Rate: Employees
1.45%

Additional Medicare Tax for income above $200,000 (single filers) or $250,000 (joint filers)
0.9%

Medicare tax on net investment income ($200,000 single filers, $250,000 joint filers)
3.8%