Financial Information that Impacts You
Taxable Income($) Base tax ($) Plus Marginal tax rate Of the amount over ($)
Single
0 to 11,000 + 10.0
11,000 to 44,725 1,100.00 + 12.0 11,000
44,725 to 95,375 5,147.00 + 22.0 44,725
95,376 to 182,100 16,290.00 + 24.0 95,375
182,101 to 231,250 37,104.00 + 32.0 182,100
231,251 to 578,125 52,832.00 + 35.0 231,250
Over 578,125 174,238.25 + 37.0 578,125
Married filing joint
0 to 22,000 + 10.0
20,001 to 89,450 2,200.00 + 12.0 22,000
89,451 to 190,750 10,294.00 + 22.0 89,450
190,751 to 364,200 32,580.00 + 24.0 190,750
364,201 to 462,500 74,208.00 + 32.0 364,200
462,501 to 693,750 105,664.00 + 35.0 462,500
Over 693,750 186,601.50 + 37.0 693,750
Head of Household
0 to 15,700 + 10.0
15,701 to 59,850. 1,570.00 + 12.0 15,700
59,851 to 95,350 6,868.00 + 22.0 59,850
95,351 to 182,100 14,678.00 + 24.0 95,350
182,101 to 231,250 35,498.00 + 32.0 182,100
231,251 to 578,100 51,226.00 + 35.0 231,250
Over 578,100 172,623.50 + 37.0 578,100
Married filing separately
0 to 11,000 + 10.0
11,001 to 44,725 1,100.00 + 12.0 11,000
44,726 to 95,375 5,147.00 + 22.0 44,725
95,376 to 182,100 16,290.00 + 24.0 95,375
182,101 to 231,250 37,104.00 + 32.0 182,100
231,251 to 578,100 52,832.00 + 35.0 231,250
Over 578,100 93,300.75 + 37.0 346,875
Gift and Estate Tax Exclusion
Annual Gift Tax Exclusion $17,000
Estate, gift & GST exclusions $12,920,000
2023 HSA (Health Savings Accounts)
Contribution LImits
Single $3,850
Family $7,750
Plan Required Minimum Deductible
Single $1,500 Out of pocket maximum $7,500
Family $2,800 Out of pocket maximum $15,000
Catch-up for 55 and older $1,000
Retirement Plan Contribution Limits
401(k), 403(b), 457(b), Roth 401(k) plans elective deferrals $22,500
Catch-up provision for individuals 50 and over $7,500
SIMPLE plans, elective deferrals $15,500
Catch-up contributions for 50 and over (SIMPLE) $ 3,500
Defined-contribution plans, basic limit $66,000
Defined-benefit plans, basic limit $265,000
Individual Retirement Accounts (IRAs)
Traditional deductible, nondeductible and Roth $6,500
Catch-up provision for over 50 $1,000
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