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TurboTax Tip: There are different tax rate schedules for long-term capital gains than for other income.Ģ023 Tax Brackets and Tax Rates (for filing in 2024) Head of Household If taxable income is over: Married Filing Separately If taxable income is over: Married Filing Jointly or Qualifying Widow (Widower) If taxable income is over:

2022 Tax Brackets and Tax Rates (for filing in 2023) Use the tables below to find your 20 tax brackets.

Each year, the tax brackets are adjusted upward effectively reducing the amount of tax that is paid on a specific amount of taxable income.

As your taxable income increases, the percentage of tax you pay on your income can increase if you move into a higher tax bracket.

There are different tax rate schedules based on your filing status, with seven different tax rates for each filing status in 20.

Tax rate schedules can help you estimate the amount of tax that you will owe when you prepare your taxes.