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Get your taxes done using TurboTax
Hello Danhuff12,
The tax rate applies to your Taxable Income not Adjusted Gross Income.
For 2023 the 12% tax rate is up to Taxable Income of $89,450 for Married Filing Joint.
So if you want to stay within the 12% tax bracket, then you make sure your taxable income doesn't go over $89,450.
Thanks for participating in TurboTax's Ask the Expert event today. I hope this information was helpful!
Have an amazing day.
AR (CPA 10+ years)
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‎October 30, 2024
1:42 PM
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