2022 tax brackets irs12/9/2023 ![]() If your income hasn’t changed much since 2022, you might still be in a lower tax bracket for 2023 because of the inflation adjustments. ![]() Due to inflation, these brackets were adjusted significantly from the 2022 tax brackets (which are also included below). Here are the 2023 federal income tax brackets and rates for the four most common filing statuses. However, for head-of-household filers, last year's bracket went from $55,901 to $89,050. Last year, for single filers, the 22% tax bracket started at $41,776 and ended at $89,075. For example, for 2023, the 22% tax bracket range for single filers is $44,726 to $95,375, while the same rate applies to head-of-household filers with taxable income from $59,851 to $95,350. Tax bracket ranges also differ depending on your filing status. Graphics) Federal Tax Brackets Based on Filing Status State tax rates and amounts due, if any, will vary. Remember: we're talking about federal tax. This chart shows estimates of how much of your income would be taxed at each rate. The total estimated federal tax of $4,580 is still a bit ($220) lower than the $4,800 that you’d be taxed if a flat 12% federal rate applied to your $40,000 of income. ![]()
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