Friday, October 21, 2022

2023 TAX BRACKETS

The recent release of inflation and cost of living adjusted numbers for tax year 2023 by the Internal Revenue Service included the 2023 Individual Tax Rates and Income Brackets.

Here they are -

2023 Individual Tax Rates and Income Brackets

Tax Rate

Single

Head of Household

Married
Filing Joint
or Surviving Spouse

Married Filing Separately

10%

Up to $11,000

Up to $15,700

Up to $22,000

Up to $11,000

12%

$11,001 to $44,725

$15,701 to $59,850

$22,001 to $89,450

$11,001 to $44,725

22%

$44,726 to $95,375

$59,851 to $95,350

$89,451 to $190,750

$44,726 to $95,375

24%

$95,376 to $182,000

$95,351 to $182,100

$190,751 to $364,200

$95,376 to $182,100

32%

$182,001 to $231,250

$182,101 to $231,250

$364,201 to $462,500

$182,101 to $231,250

35%

$231,251 to $578,125

$231,251 to $578,100

$462,501 to $693,750

$231,251 to $346,875

37%

$578,126 or more

$578,101 or more

$693,751 or more

$346,876 or more


TTFN










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