2022-2023 Tax Brackets

Gustavo Lopez

Writer

2022-2023 Tax Brackets

Firstly, it's important to note that the United States federal income tax system is a progressive tax system, meaning that individuals with higher incomes pay a higher percentage of their income in taxes. This is reflected in the tax brackets, which are adjusted annually for inflation.

For the tax year 2022, there are seven tax brackets, ranging from 10% to 37%. 

2022 Single Filer Tax Brackets

If taxable income is: The tax due is:
Not over $10,275 10% of the taxable income
Over $10,275 but not over $41,775 $1,027.50 plus 12% of the excess over $10,275
Over $41,775 but not over $89,075 $4,807.50 plus 22% of the excess over $41,775
Over $89,075 but not over $170,050 $15,213.50 plus 24% of the excess over $89,075
Over $170,050 but not over $215,950 $34,647.50 plus 32% of the the excess over $170,050
Over $215,950 but not over $539,900 $49,335.50 plus 35% of the excess over $215,950
Over $539,900 $162,718 plus 37% of the excess over $539,900

2022 Married Filing Separately Tax Brackets

If taxable income is: The tax due is:
Not over $10,275 10% of the taxable income
Over $10,275 but not over $41,775 $1,027.50 plus 12% of the excess over $10,275
Over $41,775 but not over $89,075 $4,807.50 plus 22% of the excess over $41,775
Over $89,075 but not over $170,050 $15,213.50 plus 24% of the excess over $89,075
Over $170,050 but not over $215,950 $34,647.50 plus 32% of the the excess over $170,050
Over $215,950 but not over $323,925 $49,335.50 plus 35% of the excess over $215,950
Over $323,925 $86,127 plus 37% of the excess over $323,925

2022 Head of Household Tax Brackets

If taxable income is: The tax due is:
Not over $14,650 10% of the taxable income
Over $14,650 but not over $55,900 $1,465 plus 12% of the excess over $14,650
Over $55,900 but not over $89,050 $6,415 plus 22% of the excess over $55,900
Over $89,050 but not over $170,050 $13,708 plus 24% of the excess over $89,050
Over $170,050 but not over $215,950 $33,148.50 plus 32% of the the excess over $170,050
Over $215,950 but not over $539,900 $47,836.50 plus 35% of the excess over $215,950
Over $539,900 $162,218.50 plus 37% of the excess over $539,900

2022 Married Filing Jointly Tax Brackets

If taxable income is: The tax due is:
Not over $20,550 10% of the taxable income
Over $20,550 but not over $83,550 $2,055 plus 12% of the excess over $20,550
Over $83,550 but not over $178,150 $9,615 plus 22% of the excess over $83,550
Over $178,150 but not over $340,100 $30,427 plus 24% of the excess over $178,150
Over $340,100 but not over $431,900 $69,295 plus 32% of the excess over $340,100
Over $431,900 but not over $647,850 $98,671 plus 35% of the excess over $431,900
Over $647,850 $174,253.50 plus 37% of the excess over $647,850

2023 Single Filer Tax Brackets

If taxable income is: The tax due is:
Not over $11,000 10% of taxable income
Over $11,000 but not over $44,725 $1,100 plus 12% of the excess over $11,000
Over $44,725 but not over $95,375 $5,147 plus 22% of the excess over $44,725
Over $95,375 but not over $182,100 $16,290 plus 24% of the excess over $95,375
Over $182,100 but not over $231,250 $37,104 plus 32% of the excess over $182,100
Over $231,250 but not over $578,125 $52,832 plus 35% of the excess over $231,250
Over $578,125 $174,238.25 plus 37% of the excess over $578,125

2023 Married Filing Separately Tax Brackets 

If taxable income is: The tax due is:
Not over $11,000 10% of taxable income
Over $11,000 but not over $44,725 $1,100 plus 12% of the excess over $11,000
Over $44,725 but not over $95,375 $5,147 plus 22% of the excess over $44,725
Over $95,375 but not over $182,100 $16,290 plus 24% of the excess over $95,375
Over $182,100 but not over $231,250 $37,104 plus 32% of the excess over $182,100
Over $231,250 but not over $346,875 $52,832 plus 35% of the excess over $231,250
Over $346,875 $93,300.75 plus 37% of the excess over $346,875

2023 Head of Household Tax Brackets 

If taxable income is: The tax due is:
Not over $15,700 10% of taxable income
Over $15,700 but not over $59,850 $1,570 plus 12% of the excess over $15,700
Over $59,850 but not over $95,350 $6,868 plus 22% of the excess over $59,850
Over $95,350 but not over $182,100 $14,678 plus 24% of the excess over $95,350
Over $182,100 but not over $231,250 $35,498 plus 32% of the excess over $182,100
Over $231,250 but not over $578,100 $51,226 plus 35% of the excess over $231,250
Over $578,100 $172,623.50 plus 37% of the excess over $578,100

2023 Married Filing Jointly Tax Brackets 

If taxable income is: The tax due is:
Not over $22,000 10% of taxable income
Over $22,000 but not over $89,450 $2,200 plus 12% of the excess over $22,000
Over $89,450 but not over $190,750 $10,294 plus 22% of the excess over $89,450
Over $190,750 but not over $364,200 $32,580 plus 24% of the excess over $190,750
Over $364,200 but not over $462,500 $74,208 plus 32% of the excess over $364,200
Over $462,500 but not over $693,750 $105,664 plus 35% of the excess over $462,500
Over $693,750 $186,601.50 plus 37% of the excess over $693,750

 

For married couples filing jointly, the income ranges for each bracket are generally twice as high as those for single filers.

It's important to note that these income ranges are subject to change based on inflation and other economic factors, and the tax brackets for the 2023 tax year may be different.

In addition to the federal income tax, many states also have their own income tax systems, with varying tax rates and brackets. It's important to check the tax laws in your state to understand your complete tax obligation.

Finally, it's worth noting that there are many deductions and credits available to individuals to help reduce their tax liability, such as deductions for charitable contributions, mortgage interest, and student loan interest. Taxpayers may also be eligible for tax credits, such as the earned income tax credit and the child tax credit, which can directly reduce the amount of tax owed.