Hi afpgdp,
2023 Tax Brackets (For Taxes Due in 2024) is:
| Tax Rate |
Single Filers Tax Brackets |
Marries Filing Jointly or Qualifying Widow Tax Brackets |
| 12% |
$11,000 to $44,725 |
$22,000 to $89,450 |
| 22% |
$44,725 to $95,375 |
$89,450 to $190,750 |
| 24% |
$95,375 to $182,100 |
$190,750 to $364,200 |
| 32% |
$182,100 to $231,250 |
$364,200 to $462,500 |
The income thresholds for the 2023 tax brackets were adjusted significantly — up about 7% from 2022 — due to the record-high inflation.
With tax brackets for 2024 have not been released at this time, Tax brackets—the income ranges to which different rates apply—vary depending on taxpayers' filing status and are adjusted, or indexed, each year to include the effects of inflation.
Here are links that may help:
Turbo Tax Calculators
IRS provides tax inflation adjustments for tax year 2023
Tax Brackets
Thank you for asking.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
