According to multiple sources, including NerdWallet, Forbes Advisor, the IRS, AARP, Tax Foundation, and Kiplinger, the tax brackets for 2023 are as follows:
- 10%: $0 to $11,000
- 12%: $11,001 to $44,725
- 22%: $44,726 to $95,375
- 24%: $95,376 to $182,100
- 32%: $182,101 to $357,700
- 35%: $357,701 to $928,850
- 37%: $928,851 or more
It is important to note that these tax brackets are for federal income taxes and apply to the tax return that will be filed in 2024 for the 2023 tax year. Taxable income and filing status determine which tax brackets and rates apply to an individual.
