Hi Toole744,
You asked " the "subtraction amount" used in the IRS tax computation worksheet."
Here is a chart with the subtraction amounts for 2023:
| c. Married Filing Jointly or Qualifying Surviving Spouse. Use this worksheet to figure the amount to enter on Worksheet 1-3, line 4, if you expect your filing status for 2023 to be Married Filing Jointly or Qualifying Surviving Spouse. |
| Expected Taxable Income |
(a)
Enter amount from
Worksheet 1-3,
line 3* |
(b)
Multiplication amount |
(c)
Multiply
(a) by (b) |
(d)
Subtraction amount |
(e)
Subtract (d) from (c). Enter the result here and on Worksheet 1-3, line 4* |
If Worksheet 1-3,
line 3* is — |
| Over |
But not
over |
| $0 |
$22,000 |
|
× 10% (0.10) |
|
$0 |
|
| 22,000 |
89,450 |
|
× 12% (0.12) |
|
440.00 |
|
| 89,450 |
190,750 |
|
× 22% (0.22) |
|
9,385.00 |
|
| 190,750 |
364,200 |
|
× 24% (0.24) |
|
13,200.00 |
|
| 364,200 |
462,500 |
|
× 32% (0.32) |
|
42,336.00 |
|
| 462,500 |
693,750 |
|
× 35% (0.35) |
|
56,211.00 |
|
| 693,750 |
- - - - - |
|
× 37% (0.37) |
|
70,086.00 |
|
* If you are using Worksheet 2-5, for column (a) above, use the amount from line 1 or line 14 and enter the result (from column (e)) on line 37 or line 39, as appropriate.
If you are using Worksheet 2-6, for column (a) above, use the amount from line 2 or line 3 and enter the result (from column (e)) on line 4 or line 5, as appropriate. |
For more information please check out this link:
PUB 505 Section on Tax Computation Worksheet
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Terri Lynn
