 |  | | | | | 2023 Federal Income Tax Rate Schedules (Individuals, Trusts, and Estates)Single taxpayers| 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 $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 |
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Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
The information provided is not intended to be a substitute for specific individualized tax planning or legal advice. We suggest that you consult with a qualified tax or legal professional.
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A., an affiliate of LPL Financial.
This communication is strictly intended for individuals residing in the state(s) of AZ, CA, CO, FL, ID, MT, NV, OR, TN, TX and WI. No offers may be made or accepted from any resident outside the specific states referenced. | | Prepared by Broadridge Advisor Solutions Copyright 2023. |
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