America's tax brackets are changing due to inflation. Here's how it will affect you:
for fixed-income beneficiaries in a generation.
Meanwhile, the 12% tax bracket in 2023 will go to married couples filing jointly with incomes over $22,000 and individuals who earned more than $11,000. The 22% tax bracket will apply to married couples filing jointly with incomes over $89,450 and individuals with incomes over $44,725. That compares with this year's respective $83,550 and $41,775 thresholds for the 22% rate.
The 32% rate will go to married couples filing jointly with incomes over $364,200, or individuals with incomes over $182,100.
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