2023 Tax Bracket Thresholds

At Opsahl Dawson, our CPAs work with individuals as well as businesses. We take the stress out of filing your taxes and helping you prepare for your financial future.

Find your 2023 tax bracket below and reach out to our team with any questions.

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2023 Capital Gains Tax Brackets

2023 Medicare Premiums (Individual Monthly Premiums)

2023 Tax Bracket Thresholds

2023 Tax Bracket Thresholds
Single Filers
Ordinary Income Tax Rate	Taxable Income Bracket	Tax on Ordinary Income
10%	$0 – $11,000	10% of the taxable income
12%	$11,001 – $44,275	$1,100 plus 12% of the amount over $11,000
22%	$44,726 – $95,375	$5,147 plus 22% of the amount over $44,725
24%	$95,376 – $182,100	$16,290 plus 24% of the amount over $95,375
32%	$182,101 – $231,250	$37,104 plus 32% of the amount over $182,100
35%	$231,251 – $578,125	$52,832 plus 35% of the amount over $231,251
37%	$578,126 and over	$174,238.25 plus 37% of the amount over $578,125
Married Filing Joint or Qualifying Widow(er)
Ordinary Income Tax Rate	Taxable Income Bracket	Tax on Ordinary Income
10%	$0 – $22,000	10% of the taxable income
12%	$22,001 – $89,450	$2,200 plus 12% of the amount over $22,000
22%	$89,451 – $190,750	$10,294 plus 22% of the amount over $89,450
24%	$190,751 – $364,200	$32,580 plus 24% of the amount over $190,750
32%	$364,201 – $462,500	$74,208 plus 32% of the amount over $364,200
35%	$462,501 – $693,750	$105,664 plus 35% of the amount over $462,500
37%	$693,751 and over	$186,601.50 plus 37% of the amount over $693,750
Head of Household
Ordinary Income Tax Rate	Taxable Income Bracket	Tax on Ordinary Income
10%	$0 – $15,700	10% of the taxable income
12%	$15,701 – $59,850	$1,570 plus 12% of the amount over $15,700
22%	$59,851 – $95,350	$6,868 plus 22% of the amount over $59,850
24%	$95,351 – $182,100	$14,678 plus 24% of the amount over $95,350
32%	$182,101 – $231,250	$35,498 plus 32% of the amount over $182,100
35%	$231,251 – $578,100	$51,226 plus 35% of the amount over $231,250
37%	$578,101 and over	$172,623.50 plus 37% of the amount over $578,100
Married Filing Separately
Ordinary Income Tax Rate	Taxable Income Bracket	Tax on Ordinary Income
10%	$0 – $11,000	10% of the taxable income
12%	$11,001 – $44,275	$1,100 plus 12% of the amount over $11,000
22%	$44,726 – $95,375	$5,147 plus 22% of the amount over $44,725
24%	$95,376 – $182,100	$16,290 plus 24% of the amount over $95,375
32%	$182,101 – $231,250	$37,104 plus 32% of the amount over $182,100
35%	$231,251 – $346,875	$52,832 plus 35% of the amount over $231,250
37%	$346,875 and over	$93,300.75 plus 37% of the amount over $346,875
Standard Deduction
Filing Status	Standard Deduction	If 65 and older or blind
Single	$13,850	Add $1,850
Married Filing Jointly	$27,700	Add $1,500 for each qualifying person
Head of Household	$20,800	Add $1,850
Married Filing Separately	$13,850	Add $1,500

2023 Capital Gains Tax Bracket Thresholds

2023 Capital Gains Tax Bracket Thresholds
Taxable Income
Capital Gains Tax Rate	Single Filers	Married Filing Joint
0%	$0 – $44,625	$0 – $89,250
15%	$44,626 – $492,300	$89,251 – $553,850
20%	$492,301 and more	$553,851 and more
*NIIT = + 3.8%	MAGI $200,000	MAGI $250,000
*Net Investment Income Tax (NIIT) will apply when MAGI is $200,000 or more for Single filers and $250,000 for Married Filing Joint filers.

2023 Medicare Premiums (Individual Monthly Premiums)

2023 Medicare Premiums (Individual Monthly Premiums)
Single Filers MAGI*	Married Filing Joint MAGI*	Part B Monthly Premium per recipient	Part D Monthly Premium per recipient	Combined Annual Amount per Individual
$97,000 or less	$194,000 or less	$164.90	$31.50 (base premium)	$2,356.80
$97,001 – $123,000	$194,001 – $246,000	$230.80	base + $12.20	$3,294
$123,001 – $153,000	$246,001 – $306,000	$329.70	base + $31.50	$4,712.40
$153,001 – $183,000	$306,001 – $366,000	$428.60	base + $50.70	$6,129.60
$183,001 – $499,999	$366,001 – $749,999	$527.50	base + $70.00	$7,548
$500,000 & Above	$750,000 & Above	$560.50	base + $76.40	$8,020.80
Premiums for current year are based on taxable income from 2 years prior (ie., 2023 premiums are based on 2021 tax return).
*MAGI is adjusted gross income (AGI) plus tax-exempt interest income.
In some cases, you may request a reconsideration of the initial determination. Appeals must be submitted in writing by completing Form SSA-561-U2 Request for Reconsideration. You can find the form here: www.ssa.gov/forms.