You will need to total your income and subtract your standard deduction from this amount. Since you did not provide your filing status. This will be your estimated taxable income. Find your tax bracket below and multiple the percentage to calculate your estimated tax due.
The 2023 standard deduction is $13,850 for single filers and those married filing separately, $27,700 for those married filing jointly, and $20,800 for heads of household.
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Married, filing separately
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Married, filing jointly; qualified widow/er
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Additional standard deduction
People who are 65 or older and those who are considered blind by IRS definition are entitled to an additional standard deduction amount that they may add to their existing base standard deduction. How much extra depends on filing status and which conditions are applicable.
Additional standard deduction 2023
Single or head of household
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Married filing jointly or married filing separately
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+ $1,500 (per qualifying individual).
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+ $3,000 (per qualifying individual).
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2023 Tax Brackets and Rates
| Tax Rate |
For Single Filers |
For Married Individuals Filing Joint Returns |
| 10% |
$0 to $11,000 |
$0 to $22,000 |
| 12% |
$11,000 to $44,725 |
$22,000 to $89,450 |
