TAX RATES
Tax rates refer to the percentage of income or value subject to taxation by the government. These rates can vary based on income level, filing status, and type of income. Tax rates may be progressive, where higher incomes are taxed at higher rates, or flat, where all incomes are taxed at the same rate. Tax rates also vary depending on the type of tax, such as income tax, capital gains tax, and corporate tax. Understanding tax rates is essential for taxpayers to calculate their tax liabilities accurately and plan their finances effectively.
Year: 2023 - 2022 - 2021 - 2020
2023 Tax Rates
Filing Status: Single
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $11,000 | 10% of taxable income |
| $11,000 to $44,725 | $1,100 + 12% of the amount over $11,000 |
| $44,725 to $95,375 | $5,147 + 22% of the amount over $44,725 |
| $95,375 to $182,100 | $16,290 + 24% of the amount over $95,375 |
| $182,100 to $231,250 | $37,104 + 32% of the amount over $182,100 |
| $231,250 to $578,125 | $52,832 + 35% of the amount over $231,250 |
| Over $578,125 | $174,238.25 + 37% of the amount over $578,125 |
Filing Status: Head of Household
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $15,700 | 10% of taxable income |
| $15,700 to $59,850 | $1,570 + 12% of the amount over $15,700 |
| $59,850 to $95,350 | $6,868 + 22% of the amount over $59,850 |
| $95,350 to $182,100 | $14,678 + 24% of the amount over $95,350 |
| $182,100 to $231,250 | $35,498 + 32% of the amount over $182,100 |
| $231,250 to $578,100 | $51,226 + 35% of the amount over $231,250 |
| Over $578,100 | $172,623.50 + 37% of the amount over $578,100 |
Filing Status: Married Filing Jointly
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $22,000 | 10% of taxable income |
| $22,000 to $89,450 | $2,200 + 12% of the amount over $22,000 |
| $89,450 to $190,750 | $10,294 + 22% of the amount over $89,450 |
| $190,750 to $364,200 | $32,580 + 24% of the amount over $190,750 |
| $364,200 to $462,500 | $74,208 + 32% of the amount over $364,200 |
| $462,500 to $693,750 | $105,664 + 35% of the amount over $462,500 |
| Over $693,750 | $186,601.50 + 37 % of the amount over $693,750 |
Filing Status: Married Filing Separately
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| Not over $11,000 | 10% of taxable income |
| $11,000 to $44,725 | $1,100 + 12% of the amount over $11,000 |
| $44,725 to $95,375 | $5,147 + 22% of the amount over $44,725 |
| $95,375 to $182,100 | $16,290 + 24% of the amount over $95,375 |
| $182,100 to $231,250 | $37,104 + 32% of the amount over $182,100 |
| $231,250 to $346,875 | $52,832 + 35% of the amount over $231,250 |
| Over $346,875 | $93,300.75 + 37% of the amount over $346,875 |
Standard Mileage Rate
| USE | RATE |
|---|---|
| Business | 65.5 cents |
| Medical Care or Move | 22 cents |
| Charitable | 14 cents |
2022 Tax Rates
Filing Status: Single
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $10,275 | 10% of taxable income |
| $10,275 to $41,775 | $1,027.50 + 12% of the amount over $10,275 |
| $41,775 to $89,075 | $4,807.50 + 22% of the amount over $41,775 |
| $89,075 to $170,050 | $15,213.50 + 24% of the amount over $89,075 |
| $170,050 to $215,950 | $34,647.50 + 32% of the amount over $170,050 |
| $215,950 to $539,900 | $49,335.50 + 35% of the amount over $215,950 |
| Over $539,900 | $162,718 + 37% of the amount over $539,900 |
Filing Status: Head of Household
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $14,650 | 10% of taxable income |
| $14,650 to $55,900 | $1,465 + 12% of the amount over $14,650 |
| $55,900 to $89,050 | $6,415 + 22% of the amount over $55,900 |
| $89,050 to $170,050 | $13,708 + 24% of the amount over $89,050 |
| $170,050 to $215,950 | $33,148 + 32% of the amount over $170,050 |
| $215,950 to $539,900 | $47,836 + 35% of the amount over $215,950 |
| Over $539,900 | $161,218.50 + 37% of the amount over $539,900 |
Filing Status: Married Filing Jointly
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $20,550 | 10% of taxable income |
| $20,550 to $83,550 | $2,055 + 12% of the amount over $20,550 |
| $83,550 to $178,150 | $9,615 + 22% of the amount over $83,550 |
| $178,150 to $340,100 | $30,427 + 24% of the amount over $178,500 |
| $340,100 to $431,900 | $69,295 + 32% of the amount over $340,100 |
| $431,900 to $647,850 | $98,671 + 35% of the amount over $431,900 |
| Over $647,850 | $174,253.50 + 37% of the amount over $647,850 |
Filing Status: Married Filing Separately
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $9,700 | 10% of taxable income |
| $9,700 to $39,475 | $970.00 + 12% of the amount over $9,700 |
| $39,475 to $84,200 | $4,543.00 + 22% of the amount over $39,475 |
| $84,200 to $160,725 | $14,382.50 + 24% of the amount over $84,200 |
| $160,725 to $204,100 | $32,748.50 + 32% of the amount over $160,725 |
| $204,100 to $306,175 | $46,628.50 + 35% of the amount over $204,100 |
| Over $306,175 | $82,354.75 + 37% of the amount over $306,175 |
Standard Mileage Rate
| USE | RATE |
|---|---|
| Business | For January 1 through June 30 of this year, the rate is set at 58.5 cents per mile. The rate will then rise to 62.5 cents per mile for the period from July 1 through December 31. |
| Medical Care or Move | 18 cents |
| Charitable | 14 cents |
2021 Tax Rates
Filing Status: Single
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $9,950 | 10% of taxable income |
| $9,950 to $40,525 | $995 + 12% of the amount over $9,950 |
| $40,525 to $86,375 | $4,664 + 22% of the amount over $40,525 |
| $86,375 to $164,925 | $14,751 + 24% of the amount over $86,375 |
| $164,925 to $209,425 | $33,603 + 32% of the amount over $164,925 |
| $209,425 to $523,600 | $47,843 + 35% of the amount over $209,425 |
| Over $523,600 | $157,804.25 + 37% of the amount over $523,600 |
Filing Status: Head of Household
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $14,200 | 10% of taxable income |
| $14,200 to $54,200 | $1,420 + 12% of the amount over $14,200 |
| $54,200 to $86,350 | $6,220 + 22% of the amount over $54,200 |
| $86,350 to $164,900 | $13,293 + 24% of the amount over $86,350 |
| $164,900 to $209,400 | $32,145 + 32% of the amount over $164,900 |
| $209,400 to $523,600 | $46,385 + 35% of the amount over $209,400 |
| Over $523,600 | $156,355 + 37% of the amount over $523,600 |
Filing Status: Married Filing Jointly
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $19,900 | 10% of taxable income |
| $19,900 to $81,050 | $1,990 + 12% of the amount over $19,900 |
| $81,050 to $172,750 | $9,328 + 22% of the amount over $81,050 |
| $172,750 to $329,850 | $29,502 + 24% of the amount over $172,750 |
| $329,850 to $418,850 | $67,206 + 32% of the amount over $329,850 |
| $418,850 to $628,300 | $95,686 + 35% of the amount over $418,850 |
| Over $628,300 | $168,993.50 + 37% of the amount over $628,300 |
Filing Status: Married Filing Separately
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $9,950 | 10% of taxable income |
| $9,950 to $40,525 | $995 + 12% of the amount over $9,950 |
| $40,525 to $86,375 | $4,664 + 22% of the amount over $40,525 |
| $86,375 to $164,925 | $14,751 + 24% of the amount over $86,375 |
| $164,925 to $209,425 | $33,603 + 32% of the amount over $164,925 |
| $209,425 to $314,150 | $47,843 + 35% of the amount over $209,425 |
| Over $314,150 | $84,496.75 + 37% of the amount over $314,150 |
Standard Mileage Rate
| USE | RATE |
|---|---|
| Business | 56 cents |
| Medical Care or Move | 16 cents |
| Charitable | 14 cents |
2020 Tax Rates
Filing Status: Single
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $9,875 | 10% of taxable income |
| $9,875 to $40,125 | $987.50 + 12% of the amount over $9,875 |
| $40,125 to $85,525 | $4,617.50 + 22% of the amount over $40,125 |
| $85,525 to $163,300 | $14,605.50 + 24% of the amount over $85,525 |
| $163,300 to $207,350 | $33,271.50 + 32% of the amount over $163,300 |
| $207,350 to $518,400 | $47,367.50 + 35% of the amount over $207,350 |
| Over $518,400 | $156,235 + 37% of the amount over $518,400 |
Filing Status: Head of Household
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $14,100 | 10% of taxable income |
| $14,100 to $53,700 | $1,410 + 12% of the amount over $14,100 |
| $53,700 to $85,500 | $6,162 + 22% of the amount over $53,700 |
| $85,500 to $163,300 | $13,158 + 24% of the amount over $85,500 |
| $163,300 to $207,350 | $31,830 + 32% of the amount over $163,300 |
| $207,350 to $518,400 | $45,926 + 35% of the amount over $207,350 |
| Over $518,400 | $154,793.50 + 37% of the amount over $518,400 |
Filing Status: Married Filing Jointly
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $19,750 | 10% of taxable income |
| $19,750 to $80,250 | $1,975 + 12% of the amount over $19,750 |
| $80,250 to $171,050 | $9,235 + 22% of the amount over $80,250 |
| $171,050 to $326,600 | $29,211 + 24% of the amount over $171,050 |
| $326,600 to $414,700 | $66,543 + 32% of the amount over $326,600 |
| $414,700 to $622,050 | $94,735 + 35% of the amount over $414,700 |
| Over $622,050 | $167,307.50 + 37% of the amount over $622,050 |
Filing Status: Married Filing Separately
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $9,875 | 10% of taxable income |
| $9,875 to $40,125 | $987.50 + 12% of the amount over $9,875 |
| $40,125 to $85,525 | $4,617.50 + 22% of the amount over $40,125 |
| $85,525 to $163,300 | $14,605.50 + 24% of the amount over $85,525 |
| $163,300 to $207,350 | $33,271.50 + 32% of the amount over $163,300 |
| $207,350 to $311,025 | $47,367.50 + 35% of the amount over $207,350 |
| Over $311,025 | $83,653.75 + 37% of the amount over $311,025 |
Standard Mileage Rate
| USE | RATE |
|---|---|
| Business | 57.5 cents |
| Medical Care or Move | 17 cents |
| Charitable | 14 cents |