2023 California and Federal Income Tax Brackets
Below is a quick reference table for California and Federal Income Taxes for 2023.
To see 2024 brackets, Click HERE
Note, the list of things not included, such as deductions, credits, deferred income, and specialty dividends, capital gains, or other income.
For personal or specific information, call your CPA or head to https://www.ftb.ca.gov/ or IRS.Gov.
(Keep in Mind, California hasn’t issued guidance for the 2023 tax brackets yet. The California numbers below represent 2022 brackets. We’ll update if and when new guidance is issued)
See the Federal and California Tax Brackets table below:
Federal Income Tax
|
Tax Rate |
Single / Filing Separately |
Tax Owed |
|
10% |
Up to $11,000 |
10% of Taxable Income |
|
12% |
$11,001 to $44,725 |
$1,100 + 12% of the total > $11,000 |
|
22% |
$44,726 to $95,375 |
$5,367+ 22% of the total > $44,725 |
|
24% |
$95,376 to $182,100 |
$20,983 + 24% of the total > $95,375 |
|
32% |
$182,101 to $231,250 |
$43,704+ 32% of the total > $182,100 |
|
35% |
$231,251 to $578,125 |
$74,000 + 35% of the total > $231,250 |
|
37% |
Over $578,126 |
$202,374 + 37% of the total > $578,125 |
Federal Income Tax
|
Tax Rate |
Federal Income Tax |
Tax Owed |
|
10% |
Up to $22,000 |
10% of taxable income |
|
12% |
$22,001 to $89,450 |
$2,200 + 12% of the total > $22,000 |
|
22% |
$89,450 to $190,750 |
$10,734 + 22% of the total > $89,450 |
|
24% |
$190,751 to $364,200 |
$41,965 + 24% of the total > $190,750 |
|
32% |
$364,201 to $462,500 |
$87,408 + 32% of the total > $364,200 |
|
35% |
$462,501 to $693,750 |
$148,000 + 35% of the total > $462,500 |
|
37% |
Over $693,751 |
$242,813 + 37% of the total > $693,750 |
California Income Tax
|
Tax rate |
Single / Filing Separately |
Tax owed |
|
1% |
$0 to $10,099. |
1% of taxable income. |
|
2% |
$10,100 to $23,942. |
$100.99 plus 2% of the amount over $10,099. |
|
4% |
$23,943 to $37,788. |
$377.85 plus 4% of the amount over $23,942. |
|
6% |
$37,789 to $52,455. |
$931.69 plus 6% of the amount over $37,788. |
|
8% |
$52,456 to $66,295. |
$1,811.71 plus 8% of the amount over $52,455. |
|
9.3% |
$66,296 to $338,639. |
$2,918.91 plus 9.3% of the amount over $66,295. |
|
10.3% |
$338,640 to $406,364. |
$28,246.90 plus 10.3% of the amount over $338,639. |
|
11.3% |
$406,365 to $677,275. |
$35,222.58 plus 11.3% of the amount over $406,364. |
|
12.3% |
$677,276 or more. |
$65,835.52 plus 12.3% of the amount over $677,275. |
California Income Tax
|
Tax rate |
Married filing jointly / qualifying widow(er) |
Tax owed |
|
1% |
$0 to $20,198. |
1% of taxable income. |
|
2% |
$20,199 to $47,884. |
$201.98 plus 2% of the amount over $20,198. |
|
4% |
$47,885 to $75,576. |
$755.70 plus 4% of the amount over $47,884. |
|
6% |
$75,577 to $104,910. |
$1,863.38 plus 6% of the amount over $75,576. |
|
8% |
$104,911 to $132,590. |
$3,623.42 plus 8% of the amount over $104,910. |
|
9.3% |
$132,591 to $677,278. |
$5,837.82 plus 9.3% of the amount over $132,590. |
|
10.3% |
$677,279 to $812,728. |
$56,493.80 plus 10.3% of the amount over $677,278. |
|
11.3% |
$812,729 to $1,354,550. |
$70,445.15 plus 11.3% of the amount over $812,728. |
|
12.3% |
$1,354,551 or more. |
$131,671.04 plus 12.3% of the amount over $1,354,550. |
California also levies a 1% mental health services tax on income exceeding $1 million, making the state's highest tax rate 13.3%
All decimals have been rounded up to the next dollar.
If you have questions on income tax deferral, tax minimization or the impact of taxes on your investment strategy, give our office a call today at 530-487-1777,
