New IRS tax brackets to take effect in 2023

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The IRS is raising the tax brackets by about 7% for both individual and married filers. The top tax rate remains at 37% through 2023.

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New tax brackets for singles:

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10%: taxable income up to $11,000 or less

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12%: taxable income over $11,000

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22%: Taxable income over $44,725

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24%: Taxable income over $95,375

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32%: Taxable income over $182,100

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35%: taxable income over $231,250

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37%: Taxable income over $578,125

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New IRS tax brackets to take effect in 2023

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