Hello Tiffani_Allen! Thank you for joining us!
You asked "How do I know which tax bracket my new spouse and I would be in for 2023, married filing jointly.? "
This is an excellent question as your filing status is one of the primary determining factors in calculating one's tax bracket. When you are married and file a joint return, your income is combined — which, in turn, may bump one or both of you into a higher tax bracket. Or, if one of you is a higher earner, that spouse may find themselves in a lower tax bracket. The other determining factor is based on your combined, taxable
income,
The best way to estimate your taxable income is to look at each of your income sources and calculate your combined total income for the year. Then, subtract any deductions or credits you are eligible for to arrive at your estimated taxable income. You can also use the TurboTax Bracket Calculator to help with this.
Tax Bracket Calculator
Once, you have your approximate taxable income, you can use the Tax Bracket Chart below:
Married Filing Jointly or Qualifying Widow (Widower) filing status
| If taxable income is over: |
but not over: |
the tax is: |
| $0 |
$22,000 |
10% of the amount over $0 |
| $22,000 |
$89,450 |
$2,200 plus 12% of the amount over $22,000 |
| $89,450 |
$190,750 |
$10,294 plus 22% of the amount over $89,450 |
| $190,750 |
$364200 |
$32,580 plus 24% of the amount over $190,750 |
| $364,200 |
$462,500 |
$74,208 plus 32% of the amount over $364,200 |
| $462,500 |
$693,750 |
$105,664 plus 35% of the amount over $462,500 |
| $693,750 |
no limit |
$186,601 plus 37 % of the amount over $693,750
|
For additional information on tax brackets, please checkout the aricles below:
What are tax brackets?
What is my tax bracket?
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer”
Terri Lynn
