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2023 TAX ESTIMATOR

Use this package to figure the estimation of tax in 2023 TY.

Filing Status

Taxable Income

TY2023 estimated tax

$0.00

1. The tax bill will lower (many) individual rates: The bill preserves seven tax brackets, but changes the rates that apply to: 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Here is how your income would apply to the new rates:

If taxable income is:	Then income tax equals:
Single Individuals
Not over $11,000	10% of the taxable income
Over $11,000 but not over $44,725	$1,100.00 plus 12% of the excess over $11,000
Over $44,725 but not over $95,375	$5,147.00 plus 22% of the excess over $44,725
Over $95,375 but not over $182,100	$16,290.00 plus 24% of the excess over $95,375
Over $182,100 but not over $231,250	$37,104.00 plus 32% of the excess over $182,100
Over $231,250 but not over $578,125	$52,832.00 plus 35% of the excess over $231,250
Over $578,125	$174,238.25 plus 37% of the excess over $578,125
Heads of Households
Not over $15,700	10% of the taxable income
Over $15,700 but not over $59,850	$1,570.00 plus 12% of the excess over $15,700
Over $59,850 but not over $95,350	$6,868.00 plus 22% of the excess over $59,850
Over $95,350 but not over $182,100	$14,678.00 plus 24% of the excess over $95,350
Over $182,100 but not over $231,250	$35,498.00 plus 32% of the excess over $182,100
Over $231,250 but not over $578,100	$51,226.00 plus 35% of the excess over $231,250
Over $578,100	$172,623.50 plus 37% of the excess over $578,100
Married Individuals Filing Joint Returns and Qualifying Surviving Spouses
Not over $22,000	10% of the taxable income
Over $22,000 but not over $89,450	$2,200.00 plus 12% of the excess over $22,000
Over $89,450 but not over $190,750	$10,294.00 plus 22% of the excess over $89,450
Over $190,750 but not over $364,200	$32,580.00 plus 24% of the excess over $190,750
Over $364,200 but not over $462,500	$74,208.00 plus 32% of the excess over $364,200
Over $462,500 but not over $647,850	$105,664.00 plus 35% of the excess over $462,500
Over $693,750	$186,601.50 plus 37% of the excess over $693,750
Married Individuals Filing Separate Returns
Not over $11,000	10% of the taxable income
Over $11,000 but not over $44,725	$1,100.00 plus 12% of the excess over $11,000
Over $44,725 but not over $95,375	$5,147.00 plus 22% of the excess over $44,725
Over $95,375 but not over $182,100	$16,290.00 plus 24% of the excess over $95,375
Over $182,100 but not over $231,250	$37,104.00 plus 32% of the excess over $182,100
Over $231,250 but not over $346,875	$52,832.00 plus 35% of the excess over $231,250
Over $346,875	$93,300.75 plus 37% of the excess over $346,875