UNITED STATES
2023 Federal Income Tax Brackets
How much federal income tax should be paid per income bracket?
In the US income tax is broken down a few different ways, from federal to state and then even further into your filing status and income bracket. Under the federal income tax, they take into consideration your W-4 filing status.
Filing statuses can be one of the following:
- Single: If on the last day of the year, you are unmarried or legally separated from your spouse under a divorce or separate maintenance decree and you do not qualify for another filing status.
- Married filing: You are married and both you and your spouse agree to file a joint return. (On a joint return, you report your combined income and deduct your combined allowable expenses.)
- Married filing separately: You must be married. This method may benefit you if you want to be responsible only for your own tax or if this method results in less tax than a joint return. If you and your spouse do not agree to file a joint return, you may have to use this filing status.
- Head of Household: You must meet the following requirements: 1. You considered unmarried on the last day of the year. 2. You paid more than half the cost of keeping up a home for the year. 3. A qualifying person lived with you in the home for more than half the year (except temporary absences, such as school).
Here’s what you should be paying per status:
Single Filer
Income bracket
Tax rate
Tax owed
$0 – $11,600
10%
10% of taxable income
$11,601 – $47,150
12%
$1,160 plus 12% of the amount over $11,600
$47,151 – $100,526
22%
$5,426 plus 22% of the amount over $47,150
$100,527 – $191,950
24%
$17,168.50 plus 24% of the amount over $100,526
$191,951 to $243,725
32%
$39,110.50 plus 32% of the amount over $195,950
$243,726 to $609,350
35%
$55,678.50 plus 35% of the amount over $243,725
$609,351 or more
37%
$183,647.25 plus 37% of the amount over $609,351
Married, filing jointly
Income bracket
Tax rate
Tax owed
$0 – $23,200
10%
10% of taxable income
$23,200 – $94,300
12%
$2,320 plus 12% of the amount over $23,200.
$94,301 to $201,050
22%
$10,852 plus 22% of the amount over $94,300
$201,051 to $383,900
24%
$32,580 plus 24% of the amount over $201,051
$383,901 to $487,450
32%
$78,221 plus 32% of the amount over $383,900
$487,451 to $731,200
35%
$111,357 plus 35% of the amount over $487,450
$731,200 or more
37%
$196,669.50 + 37% of the amount over $731,200
Married, filing separately
Income bracket
Tax rate
Tax owed
$0 – $11,600
10%
10% of taxable income
$11,601 – $47,150
12%
$1,160 plus 12% of the amount over $11,000
$47,150 to $100,525
22%
$5,426 plus 22% of the amount over $47,150
$100,526 to $191,950
24%
$17,168.50 plus 24% of the amount over $100,525
$191,951 to $243,725
32%
$39,110.50 plus 32% of the amount over $191,950
$243,725 to $365,600
35%
$55,678.50 plus 35% of the amount over $243,725
$365,600 or more
37%
$98,334.75 plus 37% of the amount over $346,875
Head of household
Income bracket
Tax rate
Tax owed
$0 – $16,550
10%
10% of taxable income
$16,551 to $63,100
12%
$1,655 plus 12% of the amount over $16,500
$63,101 to $100,500
22%
$7,241 plus 22% of the amount over $63,100
$100,501 to $191,950
24%
$15,469 plus 24% of the amount over $100,500
$191,951 to $243,700
32%
$37,417 plus 32% of the amount over $191,950
$243,701 to $609,350
35%
$53,977 plus 35% of the amount over $243,700
$609,350 or more
37%
$181,954.50 plus 37% of the amount over $609,350