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40% of U.S. workers have saved
less than $25,000 for retirement.*

*2019 Retirement
Confidence Survey, EBRI

Only 42% of Americans know how
much money to save for retirement.*

*2019 Retirement Confidence Survey, EBRI

43% of retirees left
the workforce earlier
than planned.*

*2019 Retirement
Confidence Survey, EBRI

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