Follow Us :
Facebook Linkedin Twitter Youtube Instagram
LOGIN
Register

IRS Tax Rates

Resources
Have Any Question?

Our team ensures accuracy, compliance, and timely filings — so you can focus on what matters most.

IRS Tax Rates

Federal Income Tax Rates (2023 Tax Year)

The IRS applies progressive tax rates to taxable income for U.S. individuals. These rates are for the 2023 tax year (returns filed in 2024). Brackets vary by filing status (e.g., single, married filing jointly). Taxable income is after deductions and exemptions.

Single Filers

  • 10%: 11,000
  • 12%: 44,725
  • 22%: 95,375
  • 24%: 182,100
  • 32%: 231,250
  • 35%: 578,125
  • 37%: $578,126 and above

 

Married Filing Jointly

  • 10%: 22,000
  • 12%: 89,450
  • 22%: 190,750
  • 24%: 364,200
  • 32%: 462,500
  • 35%: 693,750
  • 37%: $693,751 and above

Other Filing Statuses

  • Head of Household: Similar to single but with higher thresholds (e.g., 10% up to $15,700).
  • Married Filing Separately: Half of joint brackets.
  • Qualifying Widow(er): Same as married filing jointly.

These are marginal rates; your effective rate is lower due to the progressive structure. For full details, see IRS Publication 17 or the IRS website (irs.gov).

Other IRS-Related Taxes

  • Social Security Tax: 6.2% on wages up to $160,200 (2023 limit), plus employer match.
  • Medicare Tax: 1.45% on all wages, with additional 0.9% on high earners (> $200,000 single).
  • Capital Gains Tax: 0%, 15%, or 20% depending on income and holding period.
  • Self-Employment Tax: Combines Social Security and Medicare at 15.3%.
  • Estate and Gift Taxes: Rates up to 40% on estates over $12.92 million (2023).

Explore More:

IRS Forms and Publications

Needs Professional Tax Service? Contact Us

Get expert tax assistance tailored to your personal or business needs. Our team ensures accuracy, compliance, and timely filings — so you can focus on what matters most.

We Work Very Professionally And Have Experience