What are the 2023 tax brackets and corresponding tax rates?

Here we outline the 2023 tax brackets and corresponding 2023 tax rates. For each bracket, the second number is the maximum for that tax rate and the first number in the next bracket is over the highest amount for the previous rate. For instance, the 10% rate for a single filer is up to and including $11,000. The 12% rate starts at $11,001.

How many federal income tax brackets are there in 2024?

There are seven federal income tax brackets for 2024. Your tax rate is determined by your income and tax filing status. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website.

How much is income tax in 2023?

You will also find guidelines for calculating your income tax based on the top bracket that applies to you. As low as $9/mo Risk-free with 60-day money back guarantee. The 2023 tax year—meaning the return you’ll file in 2024—will have the same seven federal income tax brackets as the last few seasons: 10%, 12%, 22%, 24%, 32%, 35% and 37%.