• Skip to primary navigation
  • Skip to main content
  • Skip to footer
716-633-1373 8321 Main Street, Williamsville, NY 14221
Tronconi Segarra & Associates

Tronconi Segarra & Associates

Williamsville, Buffalo & Western New York CPA

  • Client Toolkit
  • Request A Proposal
  • Pay Securely Online
  • Home
  • About
  • Our Team
  • Services
    • Accounting & Auditing
      • Financial Statement Auditing
      • Fraud/Forensic Accounting & Auditing
      • Internal Auditing
      • Performance Auditing
      • Governance Services
    • Tax Services
      • Business Taxation
      • U.S./Canadian Border Services
      • Cost Segregation Studies
      • Estates/Trusts/Private Foundations
      • Individual Taxation
      • International Tax
      • State & Local Tax
      • Exempt Organizations
      • Employee Benefit Plan Services
    • Small Business
      • Bookkeeping / General Ledger Services
      • Franchisee Services
      • Accounting for PPP, EIDL & Other COVID-19 Relief Programs
    • Outsourcing
    • State & Local Tax
      • Services – Manage Risk
        • Nexus Study
        • Registration
        • Voluntary Disclosure/Amnesty
        • Tax Research
        • Tax Compliance
        • Audit Defense
      • Services – Add Value
        • Refund Study
        • Utility Study
        • Credits & Incentives
        • Transaction Planning
        • Due Diligence
        • Outsourcing
      • Insights
    • Transaction Advisory Services (M&A)
    • International / Cross-Border
      • International Tax
    • Consulting Services
      • Executive Level Services
      • Litigation Support Services
      • Valuation Services
      • Succession Planning
    • Governmental Services
  • Industries Served
  • COVID-19
    • ERTC Assistance
    • COVID-19 Resource Center
      • CARES Act
      • Families First Coronavirus Response Act (FFCRA)
      • Coronavirus Preparedness and Response Supplemental Appropriations Act
    • COVID-19 Tax Relief
    • Unemployment Insurance Benefits
    • State & Local Grant and Aid Programs
    • COVID-19 Webinars
    • COVID-19 Blog Posts
    • Paycheck Protection Program: Forgiveness Calculation Services
  • Blog
  • Careers
  • Contact

Tools, Tips and Tidbits for 2022

January 7, 2022

By Jenny Willis, Supervising Senior Accountant

Tax Year 2022 Key Amounts

Standard Deduction

– Married filing jointly — $25,900

– Married filing separately — $12,950

– Head of household — $19,400

– Single — $12,950

Child Tax Credit (fully refundable)

– Children ages 5 and under: $3,600

– Children ages 6 through 17: $3,000

– Other Dependents: $500 (nonrefundable credit)

Gift Tax Exclusion — $16,000

401(k) Contribution — $20,500

– Age 50 and older catch‐up — $6,500

Standard Mileage Rates (2022 rates)

– Business 58.5¢ per mile

– Medical or moving 18¢ per mile

– Charitable 14¢ per mile (unchanged)

Health Savings Accounts (HSA)

– Individual contribution limit $3,650

– Family contribution limit $7,300

– Additional $1,000, if age 55 or older

IRA (Traditional & Roth)

– Maximum contribution — $6,000

– Age 50 and older catch‐up — $1,000

NYSSUI Wage Base – $12,000

Social Security Wage Base – $147,000

Tax Filing Deadlines

– Form 1040 ‐ Individuals due 4/15/22

– Form 1041 ‐ Trusts due 4/15/22

– Form 1120 ‐ C‐Corporations due 4/15/22

– Form 1120S ‐ S‐Corporations due 3/15/22

– Form 1065 ‐ Partnerships due 3/15/22

Filed Under: Accounting, General Business, Human Resources, News, Retirement, Small Business, Tax

Contact Us

  • This field is for validation purposes and should be left unchanged.

Footer

Contact Information

Tronconi Segarra & Associates LLP
8321 Main Street
Williamsville, NY 14221
Phone: 716-633-1373
Fax: 716-633-1099

Ulrich City Centre
175 Walnut Street, Suite 2
Lockport, NY 14094
Phone: 716.438.2190
Fax: 716.438.2450

Contact Us

Links

  • Home
  • About
  • Services
  • Industries Served
  • Leadership Team
  • Blog
  • Careers
  • Contact

Copyright © 2023 Tronconi Segarra & Associates · Terms of Use · Privacy Policy · Site by OMA Comp