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What’s My 2023 Tax Bracket?

  • By Trevor Randall
What's my 2022 Tax Bracket? Every year, the IRS evaluates and typically adjusts certain tax provisions to account for inflation. Below is the IRS’s latest adjustments for the 2022 tax year - including tax brackets and standard deductions. This material is for informational purposes only and is not a replacement for real-life advice, so make sure to consult your tax, legal, and accounting professionals before modifying your tax strategy.
10% Bracket—Single: Up to 10,275 dollars, Married Filing Jointly: Up to 20,550 dollars, Married Filing Separately: Up to 10,275 dollars, Head of Household: Up to 14,650 dollars.
12% Bracket—Single: 10,276 dollars to 41,775 dollars, Married Filing Jointly: 20,551 dollars to 83,550 dollars, Married Filing Separately: 10,276 dollars to 41,775 dollars, Head of Household: 14,651 dollars to 55,900 dollars.
22% Bracket—Single: 41,776 dollars to 89,075 dollars, Married Filing Jointly: 83,551 dollars to 178,150 dollars , Married Filing Separately: 41,776 dollars to 89,075 dollars, Head of Household: 55,901 dollars to 89,050 dollars.
24% Bracket—Single: 89,076 dollars to 170,050 dollars, Married Filing Jointly: 178,151 dollars to 340,100 dollars, Married Filing Separately: 89,076 dollars to 170,050 dollars, Head of Household: 89,051 dollars to 170,050 dollars.
32% Bracket—Single: 170,051 dollars to 215,950 dollars, Married Filing Jointly: 340,101 dollars to 431,900 dollars, Married Filing Separately: 170,051 dollars to 215,950 dollars, Head of Household: 170,051 dollars to 215,950 dollars.
35% Bracket—Single: 215,951 dollars to 539,900 dollars, Married Filing Jointly: 431,901 dollars to 647,850 dollars, Married Filing Separately: 215,951 dollars to 323,925 dollars, Head of Household: 215,951 dollars to 539,900 dollars.
37% Bracket—Single: Over 539,900 dollars, Married filing Jointly: Over 647,850 dollars, Married Filing Separately: Over 323,925 dollars, Head of Household: Over 539,900 dollars.
2022 Standard Deduction Amounts—Single: 12,950 dollars, Married Filing Jointly: 25,900 dollars, Married Filing Separately: 12,950 dollars, Head of Household: 19,400 dollars.
Trevor Randall, financial advisor in Long Beach

Trevor Randall

President and CEO of Randall Wealth Management Group

As a Certified Financial Planner® (CFP®) and Retirement Income Certified Professional® with over a 10 years of experience, Trevor Randall specializes in personalized retirement planning. As President and CEO of Randall Wealth Management Group, a family business established over 30 years ago, he prioritize hands-on care and detailed investment research to ensure every portfolio decision is accurate.

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

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Randall Wealth Management Group and Vanderbilt Financial Group are separate and unaffiliated entities. Vanderbilt Financial Group is the marketing name for Vanderbilt Securities, LLC and its affiliates. Securities offered through Vanderbilt Securities, LLC. Member FINRA, SIPC. Registered with MSRB. Clearing agent: Fidelity Clearing & Custody Solutions. Advisory Services offered through Consolidated Portfolio Review, a Registered Investment Adviser. Clearing agents: Fidelity Clearing & Custody Solutions, Charles Schwab. Insurance Services offered through Vanderbilt Insurance and other agencies. Supervising Office:125 Froehlich Farm Blvd, Woodbury, NY 11797 • 631-845-5100 For additional information on services, disclosures, fees, and conflicts of interest, please visit www.vanderbiltfg.com/disclosures