IRS income tax brackets 2023

What are the IRS income tax brackets for 2023?

The income phase-outs for different tax deductions and tax credits, as well as the federal income tax rates, are rounded up each year by the Internal Revenue Service (IRS) to account for inflation.

IRS Income Tax Brackets 2023 Table

Tax Rate	Single	Married Filing Jointly	Married Filing Separately	Head of Household
10%	Up to $11,000	Up to $22,000	Up to $11,000	Up to $15,700
12%	$11,001 to $44,725	$22,001 to $89,450	$11,001 to $44,725	$15,701 to $59,850
22%	$44,726 to $95,375	$89,451 to $190,750	$44,726 to $95,375	$59,851 to $95,350
24%	$95,376 to $182,100	$190,751 to $364,200	$95,376 to $182,100	$95,351 to $182,100
32%	$182,101 to $231,250	$364,201 to $462,500	$182,101 to $231,250	$182,101 to $231,250
35%	$231,251 to $578,125	$462,501 to $693,750	$231,251 to $346,875	$231,251 to $578,100
37%	$578,1256 or more	$693,751 or more	$346,876 or more	$578,101 or more

There are two new Kiddie Tax thresholds of $1,250 and $2,500.

The Child Tax Credit now contains a refundable component of $1,600.

With no children, the maximum Earned Income Tax Credit is $600; with one child, it is $3,995; with two children, it is $6,604; and with three or more children, it is $7,430. If the total investment exceeds $11,000, the earned income tax credit is not available.

For solo taxpayers, the Alternative Minimum Tax (AMT) exemption is $81,300; for married couples filing jointly, it is $126,500; for married couples filing separately, it is $63,250; and for estates and trusts, it is $28,400.