Current Federal Income Tax Rate

This is the federal tax rate you expect to pay on taxable income until you begin taking withdrawals. Use the table below to determine your current tax bracket. Tax brackets and rates may change in the future. The analyzer applies the tax rate you enter to all taxable income until retirement.

Federal income tax brackets for 2023*

Tax rate

Married, filing jointly
or qualified widow(er)

Single

Head of household

Married, filing separately

10%

$0–$22,000

$0–$11,000

$0–$15,700

$0–$11,000

12%

$22,001-$89,450

$11,001-$44,725

$15,701-$59,850

$11,001-$44,725

22%

$89,451-$190,750

$44,726-$95,375

$59,851-$95,350

$44,726-$95,375

24%

$190,751-$364,200

$95,376-$182,100

$95,351-$182,100

$95,376-$182,100

32%

$364,201-$462,500

$182,101-$231,250

$182,101-$231,250

$182,101-$231,250

35%

$462,501-$693,750

$231,251-$578,125

$231,251-$578,100

$231,251-$346,875

37%

$693,751 and over

$578,126 and over

$578,101 and over

$346,876 and over

 

*This information is subject to change by the IRS.