
Know your taxes: Use an estimate from the federal income tax calculator to get a quick read on your taxes before you prepare your tax return. KEY FEATURES Up-to-date: Updated to 2022 tax laws for an accurate tax refund estimate. The lowest rate is 10% for incomes of single individuals with incomes of $11,000 or less ($22,000 for married couples filing jointly). Send your TaxCaster data over to TurboTax to pre-select questions and start filing. Marginal Rates : For tax year 2023, the top tax rate remains 37% for individual single taxpayers with incomes greater than $578,125 ($693,750 for married couples filing jointly).ģ5% for incomes over $231,250 ($462,500 for married couples filing jointly) ģ2% for incomes over $182,100 ($364,200 for married couples filing jointly) Ģ4% for incomes over $95,375 ($190,750 for married couples filing jointly) Ģ2% for incomes over $44,725 ($89,450 for married couples filing jointly) ġ2% for incomes over $11,000 ($22,000 for married couples filing jointly).

For single taxpayers and married individuals filing separately, the standard deduction rises to $13,8, up $900, and for heads of households, the standard deduction will be $20,800 for tax year 2023, up $1,400 from the amount for tax year 2022.

