2023 tax brackets and federal income tax rates
The income thresholds for the 2023 tax brackets were adjusted significantly — up about 7% — from 2022 due to record-high inflation. This means that some people might be in a lower tax bracket than they were previously.
Federal income tax returns for 2023 are due by April 15, 2024, or October 2024 with a tax extension. There are seven tax rates: 10%, 12%, 22%, 24%, 32%, 35% and 37%.
Tax brackets 2023
|
Tax Rate |
Single |
Married filing jointly |
Married filing separately |
Head of household |
|---|---|---|---|---|
|
10% |
$0 to $11,000. |
$0 to $22,000. |
$0 to $11,000. |
$0 to $15,700. |
|
12% |
$11,001 to $44,725. |
$22,001 to $89,450. |
$11,001 to $44,725. |
$15,701 to $59,850. |
|
22% |
$44,726 to $95,375. |
$89,451 to $190,750. |
$44,726 to $95,375. |
$59,851 to $95,350. |
|
24% |
$95,376 to $182,100. |
$190,751 to $364,200. |
$95,376 to $182,100. |
$95,351 to $182,100. |
|
32% |
$182,101 to $231,250. |
$364,201 to $462,500. |
$182,101 to $231,250. |
$182,101 to $231,250. |
|
35% |
$231,251 to $578,125. |
$462,501 to $693,750. |
$231,251 to $346,875. |
$231,251 to $578,100. |
|
37% |
$578,126 or more. |
$693,751 or more. |
$346,876 or more. |
$578,101 or more. |
2023 tax brackets: single filers
|
Tax Rate |
Taxable income bracket |
Tax owed |
|---|---|---|
|
10% |
$0 to $11,000. |
10% of taxable income. |
|
12% |
$11,001 to $44,725. |
$1,100 plus 12% of the amount over $11,000. |
|
22% |
$44,726 to $95,375. |
$5,147 plus 22% of the amount over $44,725. |
|
24% |
$95,376 to $182,100. |
$16,290 plus 24% of the amount over $95,375. |
|
32% |
$182,101 to $231,250. |
$37,104 plus 32% of the amount over $182,100. |
|
35% |
$231,251 to $578,125. |
$52,832 plus 35% of the amount over $231,250. |
|
37% |
$578,126 or more. |
$174,238.25 plus 37% of the amount over $578,125. |
2023 tax brackets: married, filing jointly
|
Tax rate |
Taxable income bracket |
Taxes owed |
|---|---|---|
|
10% |
$0 to $22,000. |
10% of taxable income. |
|
12% |
$22,001 to $89,450. |
$2,200 plus 12% of the amount over $22,000. |
|
22% |
$89,451 to $190,750. |
$10,294 plus 22% of the amount over $89,450. |
|
24% |
$190,751 to $364,200. |
$32,580 plus 24% of the amount over $190,750. |
|
32% |
$364,201 to $462,500. |
$74,208 plus 32% of the amount over $364,200. |
|
35% |
$462,501 to $693,750. |
$105,664 plus 35% of the amount over $462,500. |
|
37% |
$693,751 or more. |
$186,601.50 + 37% of the amount over $693,750. |
2023 tax brackets: married, filing separately
|
Tax rate |
Taxable income bracket |
Taxes owed |
|---|---|---|
|
10% |
$0 to $11,000. |
10% of taxable income. |
|
12% |
$11,001 to $44,725. |
$1,100 plus 12% of the amount over $11,000. |
|
22% |
$44,726 to $95,375. |
$5,147 plus 22% of the amount over $44,725. |
|
24% |
$95,376 to $182,100. |
$16,290 plus 24% of the amount over $95,375. |
|
32% |
$182,101 to $231,250. |
$37,104 plus 32% of the amount over $182,100. |
|
35% |
$231,251 to $346,875. |
$52,832 plus 35% of the amount over $231,250. |
|
37% |
$346,876 or more. |
$93,300.75 plus 37% of the amount over $346,875. |
2023 tax brackets: head of household
|
Tax rate |
Taxable income bracket |
Tax owed |
|---|---|---|
|
10% |
$0 to $15,700. |
10% of taxable income. |
|
12% |
$15,701 to $59,850. |
$1,570 plus 12% of the amount over $15,700. |
|
22% |
$59,851 to $95,350. |
$6,868 plus 22% of the amount over $59,850. |
|
24% |
$95,351 to $182,100. |
$14,678 plus 24% of the amount over $95,350. |
|
32% |
$182,101 to $231,250. |
$35,498 plus 32% of the amount over $182,100. |
|
35% |
$231,251 to $578,100. |
$51,226 plus 35% of the amount over $231,250. |
|
37% |
$578,101 or more. |
$172,623.50 plus 37% of the amount over $578,100. |