Here Are the New IRS Tax Brackets for 2023

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The Internal Revenue Service (IRS) just announced the new United States federal income tax brackets for 2023.

The IRS, which makes annual adjustments for inflation, has increased the standard deduction as well as the amount of money you need to make to reach each higher tax bracket.


New 2023 Tax Bracket Rates

The United States features a progressive tax system. In other words, income isn’t taxed at a flat rate. Each new tax bracket — seven in total, ranging from 10% to 37% — applies to taxable income you’ve made above specific thresholds.

The IRS adjusts those taxable income thresholds every year based on inflation even if the federal government hasn’t changed the tax law in a meaningful way.

Here are the new tax bracket ranges for 2023 compared to this year.

Single Filers

Tax Bracket2023 Taxable Income2022 Taxable Income
10%Not over $11,000Not over $10,275
12%Over $11,000 but not over $44,725Over $10,275 but not over $41,775
22%Over $44,725 but not over $95,375Over $41,775 but not over $89,075
24%Over $95,375 but not over $182,100Over $89,075 but not over $170,050
32%Over $182,100 but not over $231,250Over $170,050 but not over $215,950
35%Over $231,250 but not over $578,125Over $215,950 but not over $539,900
37%Over $578,125Over $539,000

Married Filing Jointly

Tax Bracket2023 Taxable Income2022 Taxable Income
10%Not over $22,000Not over $20,550
12%Over $22,00 but not over $89,450Over $20,550 but not over $83,550
22%Over $89,450 but not over $190,750Over $83,550 but not over $178,150
24%Over $190,750 but not over $364,200Over $178,150 but not over $340,100
32%Over $364,200 but not over $462,500Over $340,100 but not over $431,900
35%Over $462,500 but not over $693,750Over $431,900 but not over $647,850
37%Over $693,750Over $647,80

Head of Household

Tax Bracket2023 Taxable Income2022 Taxable Income
10%Not over $15,700Not over $14,650
12%Over $15,700 but not over $59,850Over $14,650 but not over $55,900
22%Over $59,850 but not over $95,350Over $55,900 but not over $89,050
24%Over $95,350 but not over $182,100Over $89,050 but not over $170,050
32%Over $182,100 but not over $231,250Over $170,050 but not over $215,950
35%Over $231,250 but not over $578,100Over $215,950 but not over $539,900
37%Over $578,100Over $539,900

Married Filing Separately

Tax Bracket2023 Taxable Income2022 Taxable Income
10%Not over $11,000Not over $10,275
12%Over $11,000 but not over $44,725Over $10,275 but not over $41,775
22%Over $44,725 but not over $95,375Over $41,775 but not over $89,075
24%Over $95,375 but not over $182,100Over $89,075 but not over $170,050
32%Over $182,100 but not over $231,250Over $170,050 but not over $215,950
35%Over $231,250 but not over $346,875Over $215,950 but not over $323,925
37%Over $346,875Over $323,925

2023 Federal Tax Standard Deduction Update

The IRS raised the standard deduction increased about 7% across every category for 2023:

  • Married filing jointly: $25,900 to $27,700
  • Single filers and married filing separately: $12,950 to $13,850
  • Head of household: $19,400 to $20,800

Note that all these adjustments impact the taxes you file in 2024, not the taxes you’ll file in 2023.

If you’re thinking about the tax bill you’ll owe the IRS by April 2023, here are 10 ways you can lower your bill.

You can also contact Clark’s Consumer Action Center for free help and advice.

Federal taxes aren’t the only thing that historic inflation has changed in a larger-than-usual way. The annual Social Security cost-of-living (COLA) adjustment for 2023 is 8.7%.

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