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2023 Federal Income Tax Brackets

Find out your 2023 federal income tax bracket with user friendly IRS tax tables for married individuals filing joint returns, heads of households, unmarried individuals, married individuals filing separate returns, and estates and trusts.1

 

 

Married Individuals Filing Joint Returns, & Surviving Spouses

Taxable Income

2023 Tax

Not over $22,000

10% of taxable income

Over $22,000 but not over $89,450

$2,200 plus 12% of the excess over $22,000

Over $89,450 but not over $190,750

$10,204 plus 22% of the excess over $89,450

Over $190,750 but not over $364,200

$32,580 plus 24% of the excess over $190,750

Over $364,200 but not over $462,500

$74,208 plus 32% of the excess over $364,200

Over $462,500 but not over $693,750

$105,664 plus 35% of the excess over $462,500

Over $693,750

$186,601.50 plus 37% of the excess over $693,750

 

Heads of Households

 

Taxable Income

2023 Tax

Not over $15,700

10% of taxable income

Over $15,700 but not over $59,850

$1,570 plus 12% of the excess over $15,700

Over $59,850 but not over $95,350

$6,868 plus 22% of the excess over $59,850

Over $95,350 but not over $182,100

$14,678 plus 24% of the excess over $95,350

Over $182,100 but not over $231,250

$35,498 plus 32% of the excess over $182,100

Over $231,250 but not over $578,100

$51,226 plus 35% of the excess over $231,250

Over $578,100

$172,623.50 plus 37% of the excess over $578,100

 

Unmarried Individuals (other than surviving spouses and heads of households)

 

Taxable Income

2023 Tax

Not over $11,000

10% of taxable income

Over $11,000 but not over $44,725

$1,100 plus 12% of the excess over $11,000

Over $44,725 but not over $95,375

$5,147 plus 22% of the excess over $44,725

Over $95,375 but not over $182,100

$16,290 plus 24% of the excess over $95,375

Over $182,100 but not over $231,250

$37,104 plus 32% of the excess over $182,100

Over $231,250 but not over $578,125

$52,832 plus 35% of the excess over $231,250

Over $578,125

$174,238.25 plus 37% of the excess over $578,125

 

Married Individuals Filing Separate Returns

 

Taxable Income

2023 Tax

Not over $11,000

10% of taxable income

Over $11,000 but not over $44,725

$1,100 plus 12% of the excess over $11,000

Over $44,725 but not over $95,375

$5,147 plus 22% of the excess over $44,725

Over $95,375 but not over $182,100

$16,290 plus 24% of the excess over $95,375

Over $182,100 but not over $231,250

$37,104 plus 32% of the excess over $182,100

Over $231,250 but not over $346,875

$52,832 plus 35% of the excess over $231,250

Over $346,875

$93,300.75 plus 37% of the excess over $346,875

 

Estates & Trusts

 

Taxable Income

2023 Tax

Not over $2,900

10% of taxable income

Over $2,900 but not over $10,550

$290 plus 24% of the excess over $2,900

Over $10,550 but not over $13,450

$2,126 plus 35% of the excess over $10,550

Over $14,450

$3,491 plus 37% of the excess over $14,450

 

 

Planning Tip

 

When looking at your federal income tax bracket, pay attention first to your last bracket. Why? That’s where you start to pocket cash when you find a new or additional tax deduction.

 

Example: You are married. You and your spouse have taxable income of $210,000. That puts the two of you in the 24 percent federal income tax bracket. If you can find $10,000 in new deductions, you pocket $2,400.

 

If you're already a subscriber to the Tax Reduction Letter, you will be prompted to log in when you CLICK HERE.

If you are not yet a subscriber, CLICK HERE. You'll get a no-obligation 7-day FREE trial during which you can read all of our helpful tax saving tips from the last two months. This trial is absolutely free and there are no strings attached.


 

1    Rev. Proc. 2023-38.

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