{"id":335,"date":"2017-12-18T04:52:32","date_gmt":"2017-12-18T11:52:32","guid":{"rendered":"http:\/\/www.nwacpa.com\/dev\/?page_id=335"},"modified":"2023-03-22T09:45:32","modified_gmt":"2023-03-22T16:45:32","slug":"tax-rates","status":"publish","type":"page","link":"http:\/\/www.nwacpa.com\/dev\/tax-center\/tax-rates\/","title":{"rendered":"Tax Rates"},"content":{"rendered":"

2023 Tax Tables<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Table 1. Single Taxable Income Tax Brackets and Rates<\/strong><\/td>\n<\/tr>\n
Rate<\/strong><\/td>\nTaxable Income Bracket<\/strong><\/td>\nTax Owed<\/strong><\/td>\n<\/tr>\n
10%<\/td>\n$0 to $10,275<\/td>\n10% of Taxable Income<\/td>\n<\/tr>\n
12%<\/td>\n$10,276 to $41,775<\/td>\n$1,027.50 plus 12% of the amount over $10,275<\/td>\n<\/tr>\n
22%<\/td>\n$41,776 to $89,075<\/td>\n$4,807.50 plus 22% of the amount over $41,775<\/td>\n<\/tr>\n
24%<\/td>\n$89,076 to $170,050<\/td>\n$15,213.50 plus 24% of the amount over $89,075<\/td>\n<\/tr>\n
32%<\/td>\n$170,051 to $215,950<\/td>\n$34,647.50 plus 32% of the amount over $170,050<\/td>\n<\/tr>\n
35%<\/td>\n$215,951 to $539,900<\/td>\n$49,335.50 plus 35% of the amount over $215,950<\/td>\n<\/tr>\n
37%<\/td>\n$539,901 or more<\/td>\n$162,718 plus 37% of the amount over $539,900<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Table 2. Married Filing Joint Taxable Income Tax Brackets and Rates<\/strong><\/td>\n<\/tr>\n
Rate<\/strong><\/td>\nTaxable Income Bracket<\/strong><\/td>\nTax Owed<\/strong><\/td>\n<\/tr>\n
10%<\/td>\n$0 to $20,550<\/td>\n10% of taxable income<\/td>\n<\/tr>\n
12%<\/td>\n$20,551 to $83,550<\/td>\n$2,055 plus 12% of the amount over $20,550<\/td>\n<\/tr>\n
22%<\/td>\n$83,551 to $178,150<\/td>\n$9,615 plus 22% of the amount over $83,550<\/td>\n<\/tr>\n
24%<\/td>\n$178,151 to $340,100<\/td>\n$30,427 plus 24% of the amount over $178,150<\/td>\n<\/tr>\n
32%<\/td>\n$340,101 to $431,900<\/td>\n$69,295 plus 32% of the amount over $340,100<\/td>\n<\/tr>\n
35%<\/td>\n$431,901 to $647,850<\/td>\n$98,671 plus 35% of the amount over $431,900<\/td>\n<\/tr>\n
37%<\/td>\n$647,851 or more<\/td>\n$174,253.50 plus 37% of the amount over $647,850<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Table 3. Head of Household Taxable Income Tax Brackets and Rates<\/strong><\/td>\n<\/tr>\n
Rate<\/strong><\/td>\nTaxable Income Bracket<\/strong><\/td>\nTax Owed<\/strong><\/td>\n<\/tr>\n
10%<\/td>\n$0 to $14,650<\/td>\n10% of taxable income<\/td>\n<\/tr>\n
12%<\/td>\n$14,651 to $55,900<\/td>\n$1,465 plus 12% of the amount over $14,650<\/td>\n<\/tr>\n
22%<\/td>\n$55,901 to $89,050<\/td>\n$6,415 plus 22% of the amount over $55,900<\/td>\n<\/tr>\n
24%<\/td>\n$89,051 to $170,050<\/td>\n$13,708 plus 24% of the amount over $89,050<\/td>\n<\/tr>\n
32%<\/td>\n$170,051 to $215,950<\/td>\n$33,148 plus 32% of the amount over $170,050<\/td>\n<\/tr>\n
35%<\/td>\n$215,951 to $539,900<\/td>\n$47,836 plus 35% of the amount over $215,950<\/td>\n<\/tr>\n
37%<\/td>\n$539,901 or more<\/td>\n$161,218.50 plus 37% of the amount over $539,900<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

\n

2023 Tax Brackets<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Table 1. Tax Brackets and Rates, 2023<\/strong><\/td>\n<\/tr>\n
Rate<\/strong><\/td>\nFor Unmarried Individuals, Taxable Income Over<\/strong><\/td>\nFor Married Individuals Filing Joint Returns, Taxable Income Over<\/strong><\/td>\nFor Heads of Households, Taxable Income Over<\/strong><\/td>\n<\/tr>\n
10%<\/td>\n$0<\/td>\n$0<\/td>\n$0<\/td>\n<\/tr>\n
12%<\/td>\n$11,001<\/td>\n$22,001<\/td>\n$15,701<\/td>\n<\/tr>\n
22%<\/td>\n$44,726<\/td>\n$190,751<\/td>\n$59,851<\/td>\n<\/tr>\n
24%<\/td>\n$95,376<\/td>\n$165,000<\/td>\n$95,35<\/td>\n<\/tr>\n
32%<\/td>\n$182,101<\/td>\n$364,201<\/td>\n$182,101<\/td>\n<\/tr>\n
35%<\/td>\n$231,251<\/td>\n$462,501<\/td>\n$231,251<\/td>\n<\/tr>\n
37%<\/td>\n$578,126<\/td>\n$693,751<\/td>\n$578,101<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

2023 Tax Tables Table 1. Single Taxable Income Tax Brackets and Rates Rate Taxable Income Bracket Tax Owed 10% $0 to $10,275 10% of Taxable Income 12% $10,276 to $41,775 $1,027.50 plus 12% of the amount over $10,275 22% $41,776 to $89,075 $4,807.50 plus 22% of the amount over $41,775 24% $89,076 to $170,050 $15,213.50 plus 24% of the amount over $89,075 32% $170,051 to $215,950 $34,647.50 plus 32% of the amount over $170,050 35% $215,951 to $539,900 $49,335.50 plus 35% of the amount over $215,950 37% $539,901 or more $162,718 plus 37% of the amount over $539,900 Table 2. Married Filing Joint Taxable Income Tax Brackets and Rates Rate… Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":311,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/pages\/335"}],"collection":[{"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/comments?post=335"}],"version-history":[{"count":8,"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/pages\/335\/revisions"}],"predecessor-version":[{"id":728,"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/pages\/335\/revisions\/728"}],"up":[{"embeddable":true,"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/pages\/311"}],"wp:attachment":[{"href":"http:\/\/www.nwacpa.com\/dev\/wp-json\/wp\/v2\/media?parent=335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}