Understand 2023 Federal Income Tax Brackets


In 2023, the United States federal income tax brackets will likely continue to apply for the eligible population. Individuals and families across the nation are usually subject to progressive income tax, meaning that their rate increases as their earnings do. The IRS determines tax rates based on both filing status and taxable income, offering seven distinct tax brackets for married filing jointly, head of household, and single taxpayers. Depending on income and filing status, taxpayers may be taxed anywhere between 10-37% in 2023.

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