Tax Tip #276

Based on 2022 data, individuals with a Federal Adjusted Gross Income (AGI) of $663,164 or more ranked in the top 1% of earners. An AGI of at least $261,591 placed taxpayers in the top 5%, while an AGI of $178,611 or higher fell within the top 10%.

If you happen to be a member of one of these categories, Uncle Sam says thank YOU for your contribution!