2023 Federal Income Tax Brackets (IRS)

The 2023 federal income tax brackets are based on taxable income and filing status.123 +1 The U.S. uses a progressive tax system with seven tax rates: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Below are the income thresholds for each bracket:

• Single Filers:

  • 10%: $0 – $11,000

  • 12%: $11,000 – $44,725

  • 22%: $44,725 – $95,375

  • 24%: $95,375 – $182,100

  • 32%: $182,100 – $231,250

  • 35%: $231,250 – $578,125

  • 37%: $578,125 or more 415

• Married Filing Jointly:

  • 10%: $0 – $22,000

  • 12%: $22,000 – $89,450

  • 22%: $89,450 – $190,750

  • 24%: $190,750 – $364,200

  • 32%: $364,200 – $462,500

  • 35%: $462,500 – $693,750

  • 37%: $693,750 or more 143

• Head of Household:

  • 10%: $0 – $15,700

  • 12%: $15,700 – $59,850

  • 22%: $59,850 – $95,350

  • 24%: $95,350 – $182,100

  • 32%: $182,100 – $231,250

  • 35%: $231,250 – $578,100

  • 37%: $578,100 or more 514 +1

Note: These brackets apply to taxable income after deductions and exemptions.134 +1 The standard deduction for 2023 was $13,850 (single), $27,700 (married filing jointly), and $20,800 (head of household).31

Where to Find the Official IRS Tax Tables

• The official IRS 2023 Tax Table (Form 1040TT) is available as a free PDF:
  https://www.irs.gov/pub/irs-prior/i1040tt--2023.pdf
  This document contains the exact tax amounts for each income level and filing status.142

Additional 2023 Tax Details

• Child Tax Credit: Up to $2,000 per qualifying child; $1,600 is refundable.

• Earned Income Tax Credit (EITC): Up to $7,430 for taxpayers with three or more qualifying children.

• Long-Term Capital Gains Rates: 0%, 15%, or 20% depending on income and filing status.

Important: These are 2023 federal tax rates.143 State tax rules may differ. For state-specific tables, check your state’s Department of Revenue website.