An Honest Approach to Financial Management

Federal Tax Rates

These figures are for the 2023 tax year. Find your tax rate below.

Schedule X – Single

If taxable income is over:But not over:The tax is:
$0$11,00010% of taxable income
$11,000$44,725$1,100.00 plus 12% of the amount over $11,000
$44,725$95,375$5,147.00 plus 22% of the amount over $44,725
$95,375$182,100$16,290.00 plus 24% of the amount over $95,375
$182,100$231,250$37,104.00 plus 32% of the amount over $182,100
$231,250$578,125$52,832.00 plus 35% of the amount over $231,250
$578,125no limit$174,238.25 plus 37% of the amount over $578,125

Schedule Y-1 – Married Filing Jointly or Qualifying Widow(er)

If taxable income is over:But not over:The tax is:
$0$22,00010% of taxable income
$22,000$89,451$2,200.00 plus 12% of the amount over $22,000
$89,451$190,750$10,294.00 plus 22% of the amount over $89,451
$190,750$364,200$32,580.00 plus 24% of the amount over $190,750
$364,200$462,500$74,208.00 plus 32% of the amount over $364,200
$462,500$693,750$105,664.00 plus 35% of the amount over $462,500
$693,750no limit$186,601.50 plus 37% of the amount over $693,750

Schedule Y-2 – Married Filing Separately

If taxable income is over:But not over:The tax is:
$0$11,00010% of taxable income
$11,000$44,725$1,100.00 plus 12% of the amount over $11,000
$44,725$95,375$5,147.00 plus 22% of the amount over $44,725
$95,375$182,100$16,290.00 plus 24% of the amount over $95,375
$182,100$231,250$37,104.00 plus 32% of the amount over $182,100
$231,250$346,875$52,832.00 plus 35% of the amount over $231,250
$346,875no limit$93,300.75 plus 37% of the amount over $346,875

Schedule Z – Head of Household

If taxable income is over:But not over:The tax is:
$0$15,70010% of taxable income
$15,700$59,850$1,570.00 plus 12% of the amount over $15,700
$59,850$95,350$6,868.00 plus 22% of the amount over $59,850
$95,350$182,100$14,678.00 plus 24% of the amount over $95,350
$182,100$231,250$35,498.00 plus 32% of the amount over $182,100
$231,250$578,100$51,226.00 plus 35% of the amount over $231,250
$578,100no limit$172,623.50 plus 37% of the amount over $578,100

Source: Internal Revenue Service, 2022

The information in this newsletter is not intended as tax, legal, investment, or retirement advice or recommendations, and it may not be relied on for the ­purpose of ­avoiding any ­federal tax penalties. You are encouraged to seek guidance from an independent tax or legal professional. The content is derived from sources believed to be accurate. Neither the information presented nor any opinion expressed constitutes a solicitation for the ­purchase or sale of any security. This material was written and prepared by Broadridge Advisor Solutions. © 2024 Broadridge Financial Solutions, Inc.

Rudy Rodriguez is insurance licensed in the states of GA and FL. Stuart Jones is insurance licensed in the states of AL, FL, GA, IL, MD, MS, NY, SD, TN, TX and VA. Kinship Wealth Partners offers advisory Services through EPG Wealth Management LLC, an SEC Registered Investment Adviser. Securities offered through Arkadios Capital, a broker/dealer, Member FINRA/SIPC. Kinship Wealth Partners, EPG Wealth Management LLC, and Arkadios Capital are not affiliated through any ownership. Certain individuals associated with or employed by Kinship Wealth Partners, may be registered with EPG Wealth Management LLC and/or Arkadios Capital. Past performance does not guarantee or is indicative of future results. This summary of statistics, price, and quotes has been obtained from sources believed to be reliable but is not necessarily complete and cannot be guaranteed. All securities may lose value, may not be insured by any federal agency and are subject to availability and price changes. Market risk is a consideration if sold prior to maturity. Information and opinions herein are for general informational use only and subject to change without notice. This material does not constitute an offer to sell, solicitation of an offer to buy, recommendation to buy, or representation as the suitability or appropriateness of any security, financial product, or instrument, unless explicitly stated as such. Link to SIPC https://www.sipc.org/ Link to FINRA https://brokercheck.finra.org/ Privacy Policy SIPC FINRA ADV Brochure

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