Tax Rates

Tax Rates

2023 Tax Rates

The following sets out key tax rates for 2023

Married Individuals Filing Joint Returns, & Surviving Spouses

Taxable Income2023 Tax
Not over $22,00010% of taxable income
Over $22,000 but not over $89,450$2,200 plus 12% of the excess over $22,000
Over $89,450 but not over $190,750$10,294 plus 22% of the excess over $89,450
Over $190,750 but not over $364,200$32,580 plus 24% of the excess over $190,750
Over $364,200 but not over $462,500$74,208 plus 32% of the excess over $364,200
Over $462,500 but not over $693,750$105,664 plus 35% of the excess over $462,500
Over $693,750$186,601.50 plus 37% of the excess over $693,750

Head of Household

Taxable Income2023 Tax
Not over $15,70010% of taxable income
Over $15,700 but not over $59,850$1,570 plus 12% of the excess over $15,700
Over $59,850 but not over $95,350$6,868 plus 22% of the excess over $59,850
Over $95,350 but not over $182,100$14,678 plus 24% of the excess over $95,350
Over $182,100 but not over $231,250$35,498 plus 32% of the excess over $182,100
Over $231,250 but not over $578,100$51,226 plus 35% of the excess over $231,250
Over $578,100$172,623.50 plus 37% of the excess over $578,100

Single Individuals

Taxable Income2023 Tax
Not over $11,00010% of taxable income
Over $11,000 but not over $44,725$1,100 plus 12% of the excess over $11,000
Over $44,725 but not over $95,375$5,147 plus 22% of the excess over $44,725
Over $95,375 but not over $182,100$16,290 plus 24% of the excess over $95,375
Over $182,100 but not over $231,250$37,104 plus 32% of the excess over $182,100
Over $231,250 but not over $578,125$52,832 plus 35% of the excess over $231,250
Over $578,125$174,238.25 plus 37% of the excess over $578,125

Married Individuals Filing Separate Returns

Taxable Income2023 Tax
Not over $11,00010% of taxable income
Over $11,000 but not over $44,725$1,100 plus 12% of the excess over $11,000
Over $44,725 but not over $95,375$5,147 plus 22% of the excess over $44,725
Over $95,375 but not over $182,100$16,290 plus 24% of the excess over $95,375
Over $182,100 but not over $231,250$37,104 plus 32% of the excess over $182,100
Over $231,250 but not over $346,875$52,832 plus 35% of the excess over $231,250
Over $346,875$93,300.75 plus 37% of the excess over $346,875
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