| | | 2023 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates)Single taxpayersIf taxable income is: | Your tax is: |
---|
Not over $11,000 | 10% of taxable income | Over $11,000 to $44,725 | $1,100 + 12% of the excess over $11,000 | Over $44,725 to $95,375 | $5,147 + 22% of the excess over $44,725 | Over $95,375 to $182,100 |
$16,290 + 24% of the excess over $95,375 | Over $182,100 to $231,250 |
$37,104 + 32% of the excess over $182,100 | Over $231,250 to $578,125
| $52,832 + 35% of the excess over $231,250
| Over $578,125 | $174,238.25 + 37% of the excess over $578,125
|
Married filing jointly and surviving spouses
If taxable income is: | Your tax is: |
---|
Not over $22,000 | 10% of taxable income
| Over $22,000 to $89,450 | $2,200 + 12% of the excess over $22,000 | Over $89,450 to $190,750 |
$10,294 + 22% of the excess over $89,450 | Over $190,750 to $364,200 | $32,580 + 24% of the excess over $190,750 | Over $364,200 to $462,500 | $74,208 + 32% of the excess over $364,200 | Over $462,500 to $693,750 |
$105,664 + 35% of the excess over $462,500 |
Over $693,750
|
$186,601.50 + 37% of the excess over $693,750 |
Married individuals filing separately
If taxable income is: | Your tax is: |
---|
Not over $11,000 | 10% of taxable income
| Over $11,000 to $44,725 | $1,100 + 12% of the excess over $11,000 | Over $44,725 to $95,375
| $5,147 + 22% of the excess over $44,725 | Over $95,375 to $182,100 | $16,290 + 24% of the excess over $95,375 | Over $182,100 to $231,250 |
$37,104 + 32% of the excess over $182,100 | Over $231,250 to $346,875 |
$52,832 + 35% of the excess over $231,250 |
Over $346,875 | $93,300.75 + 37% of the excess over $346,875 |
Heads of household
If taxable income is: | Your tax is: |
---|
Not over $15,700 | 10% of taxable income
| Over $15,700 to $59,850 | $1,570 + 12% of the excess over $15,700 | Over $59,850 to $95,350 | $6,868 + 22% of the excess over $59,850 | Over $95,350 to $182,100 | $14,678 + 24% of the excess over $95,350 | Over $182,100 to $231,250 | $35,498 + 32% of the excess over $182,100 | Over $231,250 to $578,100 | $51,226 + 35% of the excess over $231,250 | Over $578,100 | $172,623.50 + 37% of the excess over $578,100 |
Trusts and estates
If taxable income is: | Your tax is: |
---|
Not over $2,900 | 10% of taxable income
| Over $2,900 to $10,550 | $290 + 24% of the excess over $2,900 |
Over $10,550 to $14,450 | $2,126 + 35% of the excess over $10,550 | Over $14,450 | $3,491 + 37% of the excess over $14,450 |
| | | | The information contained herein is based on sources believed to be reliable, but its accuracy cannot be guaranteed. The articles, information, calculators, and opinions presented herein are for general information only and are not intended to provide specific advice or recommendations for any individual. New Capital Management does not provide tax, accounting, or legal advice. All decisions regarding the tax or legal implications of your investments and finances should be made with your tax or legal advisor. New Capital Management is not a bank, mortgage lender, or broker. Nothing herein should be construed as an offer or commitment to lend. Any calculations are provided as educational tools, are hypothetical in nature, depend wholly on information you provide, do not assume the effects of all pertinent factors, and are not intended to provide investment advice or serve as a financial plan.
This communication is strictly intended for individuals residing in the state(s) of TX. No offers may be made or accepted from any resident outside the specific states referenced. | Prepared by Broadridge Advisor Solutions Copyright 2024. | | |