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What are the federal tax rates for 2023?

SOLVEDby TurboTax955Updated February 14, 2024

Select your filing status below to see what tax bracket you're in and the formula for your 2023 federal income taxes. These formulas apply to taxable (not gross) income and don't factor in tax credits, such as the Earned Income Tax Credit or the Child Tax Credit.

2023 taxable incomeTax formulaSample calculations
$0–$11,00010% of the taxable income$5,000 income = $500 tax
Over $11,001 but not over $44,725$1,100 plus 12% of the excess over $11,000$25,000 income = $2,780 tax
Over $44,726 but not over $95,375$5,147 plus 22% of the excess over $44,725$50,000 income = $6,308 tax
Over $95,376 but not over $182,100$16,290 plus 24% of the excess over $95,375$100,000 income = $17,400 tax
Over $182,101 but not over $231,250$37,104 plus 32% of the excess over $182,100$200,000 income = $42,832 tax
Over $231,251 but not over $578,125 $52,832 plus 35% of the excess over $231,250$400,000 income = $111,895 tax
Over $578,126$174,238.25 plus 37% of the excess over $578,125$800,000 income = $255,332 tax
2023 taxable incomeTax formulaSample calculations
$0–$15,70010% of the taxable income$5,000 income = $500 tax
Over $15,701 but not over $59,850$1,570 plus 12% of the excess over $15,700$50,000 income = $5,686 tax
Over $59,851 but not over $95,350$6,868 plus 22% of the excess over $59,850$75,000 income = $10,201 tax
Over $95,351 but not over $182,100$14,678 plus 24% of the excess over $95,350$100,000 income = $15,794 tax
Over $182,101 but not over $231,250$35,498 plus 32% of the excess over $182,100$200,000 income = $41,226 tax
Over $231,251 but not over $578,100$51,226 plus 35% of the excess over $231,250$400,000 income = $110,289 tax
Over $578,101$172,623.50 plus 37% of the excess over $578,100$800,000 income = $254,727 tax
2023 taxable incomeTax formulaSample calculations
$0–$22,00010% of the taxable income$5,000 income = $500 tax
Over $22,001 but not over $89,450$2,200 plus 12% of the excess over $22,000$50,000 income = $5,560 tax
Over $89,451 but not over $190,750$10,294 plus 22% of the excess over $89,450$100,000 income = $12,615 tax
Over $190,751 but not over $364,200$32,580 plus 24% of the excess over $190,750$200,000 income = $34,800 tax
Over $364,201 but not over $462,500$74,209 plus 32% of the excess over $364,200$400,000 income = $85,664 tax
Over $462,501 but not over $693,750$105,664 plus 35% of the excess over $462,500$600,000 income = $153,789 tax
Over $693,751$186,601.50 plus 37% of the excess over $693,750$800,000 income = $225,914 tax
2023 taxable incomeTax formulaSample calculations
$0–$11,00010% of the taxable income$5,000 income = $500 tax
Over $11,001 but not over $44,725$1,100 plus 12% of the excess over $11,000$25,000 income = $2,780 tax
Over $44,726 but not over $95,375$5,147 plus 22% of the excess over $44,725$50,000 income = $6,308 tax
Over $95,376 but not over $182,100$16,290 plus 24% of the excess over $95,375$100,000 income = $17,400 tax
Over $182,101 but not over $231,250$37,104 plus 32% of the excess over $182,100$200,000 income = $42,832 tax
Over $231,251 but not over $346,875$52,832 plus 35% of the excess over $231,250$300,000 income = $76,895 tax
Over $346,876 $93,300.75 plus 37% of the excess over $346,875$400,000 income = $112,957 tax

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