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- The 2023 federal tax brackets and rates are as follows12:
- 10 percent
- 12 percent
- 22 percent
- 24 percent
- 32 percent
- 35 percent
- 37 percent
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.2023 Tax Brackets and Rates The income limits for all 2023 tax brackets and all filers will be adjusted for inflation and will be as follows (Table 1). There are seven federal income tax rates in 2023: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent, and 37 percent.taxfoundation.org/data/all/federal/2023-tax-brackets/As a result, for tax year 2023, an unmarried filer with taxable income of $95,000 will have a top rate of 22%, down from 24% for the same amount of income in 2022. That shakes out to tax savings of $429. The first $11,000 of income will be taxed at 10% The next $33,725 will be taxed at 12% The last $50,275 will be taxed at 22%.www.wsj.com/buyside/personal-finance/taxes/tax-b… Federal Tax and Earned Income Credit Tables (2023) - e-File
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