Federal Tax Rates Tables

Below, you will find the tax rate for your taxable income. The tax rate is graduated. So, if your income is $190,000 based on the 2023 table below you will be expected to pay:

• • 10% on the first $11,000

• • 12% on the income between $11,001 and $44,725

• • 22% on the income between $44,726 and $95,375

• • 24% on the income between $95,376 and $182,100

• • 32% on the income above $182, 101

Since 32% is your highest tax rate, this is your marginal tax rate. This doesn’t mean however that you will be taxed 32% on all your income.