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  • Writer's pictureBA Tax Pros

Changes to Income Tax Brackets for the 2023 Filing Year

While there are still 7 tax rates, the income ranges (tax brackets) for each rate have shifted slightly to account for inflation. For 2023, the following rates and income ranges apply:


Taxable income brackets

Taxable income brackets

Tax rate 

Single filers 

Married couples filing jointly (and qualifying widows or widowers)

10% 

$0 to $11,000

$0 to $22,000

12%

$11,001 to $41,725

$20,001 to $89,450

22% 

$44,726 to $95,375

$89,451 to $190,750

24%

$95,376 to $182,100

$190,751 to $364,200

32% 

$182,101 to $231,250

$364,201 to $462,500

35% 

$231,251 to $578,125

$462,501 to $693,750

37% 

$578,126 or more

$693,751 or more


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