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    • Ronson J. Shamoun, ESQ., LL.M.
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  • Home
  • About
    • Ronson J. Shamoun, ESQ., LL.M.
    • Chandara Diep, ESQ., LL.M.
    • Devon J. Arabo, ESQ., LL.M.
    • Brian M. Malloy, Esq.
    • Andrea Cisneros Valdez, Esq., LL.M.
    • Sam Imandoust, ESQ., LL.M
    • Lauren Suarez, ESQ., LL.M.
    • John I. Forry, Esq.
    • Martin Schainbaum, ESQ., LL.M.
    • Kaveh Imandoust, JD, MBT, CPA
    • Joseph Cole, ESQ., LL.M.
    • Christopher Engelmann, ESQ., LL.M.
    • Remy Hogan, Esq., LL.M.
    • Steve S. Mattia, Esq.
    • Dod Ghassemkhani, ESQ.
    • Vincent Renda, Esq.
    • Pedro Bernal, Esq.
    • Sabri P. Shamoun 1938-2023
    • Melanie M. Shamoun
    • Renae Arabo
    • Hilary Dargavell
    • Sandie Portilla
    • Lupita C. Torres
    • Jewell Cornejo
    • Kesia Belford
    • Danielle N. Misleh
    • Judith G. Jeremie, JD
    • Rebecca Shuman
    • Michael Lutzky, CPA
    • Gianna Iskander
  • Practices
    • Tax
      • IRS TAX MATTERS
        • IRS Appeals
          • IRS Appeals Process
          • Contesting an IRS Levy
          • Why Retain RJS LAW for IRS Appeals
          • 4 Tips For Navigating The IRS Rapid Appeals Process
        • IRS AUDITS
          • IRS Correspondence Audits
          • What are IRS Field Audits?
          • Initial IRS Compliance Center Audits
          • IRS Office Audits
          • What happens in an IRS Audit?
          • Taxpayer Rights Under IRS Publication 1
          • IRS Warns Taxpayers About Scam
        • NOTICES
          • IRS Notices
          • IRS Letters
          • FTB Notices
          • Avisos en Español
        • IRS Collections
          • Avoiding and Eliminating IRS Tax Liens
          • Collection Due Process Hearing
          • CP 501 – IRS Notice
          • Failure to file a tax return: What happens?
          • How the IRS calculates interest
          • How to get a tax levy released
          • ACS – Automated Collection System
          • IRS Collections Process
          • IRS Interest Abatement
          • IRS Revenue Officers
          • Jeopardy Assessments and Jeopardy Levies
          • National Tax Agencies
          • RJS LAW Approach to Collections
          • IRS Statute of Limitations on Collections
          • Streamlined Installment Agreements
          • Tax Penalty Abatement
          • Taxpayer Assistance Orders TAO
        • IRS Payroll Tax
          • Independent Contractor Reclassification Audits
          • IRS Forms 940 and 941
          • IRS Trust Fund Interviews
          • Payroll Tax Liability Payment Options
          • Trust Fund Recovery Penalties
        • IRS Wealth Squad
        • Offer in Compromise & Tax Settlements
          • OVERVIEW OF OFFER IN COMPROMISE PROCESS
          • The Offer in Compromise Process
          • Appealing an Offer in Compromise to the IRS
          • How does the IRS evaluate an Offer in Compromise
          • Offer in Compromise and Dissipated Assets
          • Offer in Compromise Requirements
          • Pros and Cons of an Offer in Compromise
          • Why Choose RJS LAW?
          • Offer in Compromise Alternatives
          • Actual IRS Offer in Compromise Results
      • STATE TAX MATTERS
        • EDD California Payroll Tax Lawyer
          • EDD Investigations
          • EDD Collections – Liens, Levies, and Garnishments
        • CDTFA – California Sales Tax
          • California Sales Tax Appeals
          • California Sales Tax Audits
          • California Department Of Tax And Fee Administration – CDTFA
        • California State Tax Matters – California Franchise Tax Board | FTB | EDD
          • California Residency Audits
          • Discharging State Income Taxes in Bankruptcy
          • State Tax Practice – Outside of California
      • CRIMINAL TAX ISSUES
        • Criminal Investigation Division
        • IRS Criminal Investigation Division Tactics
        • Criminal Tax Defense – Tax Crimes
        • Currency Transaction Records & Suspicious Activity Reports
        • IRS Methods of Proof: Tax Fraud and Evasion
        • Methods IRS Agents Use to Locate Assets
        • IRS Special Agent Visits
        • Are You a Criminal Investigation Target?
        • Criminal Tax Attorney vs. White Collar Defense
      • CORPORATE TAXES
      • TAX COURT LITIGATION
      • Innocent Spouse Relief
    • International Tax
    • Estate Planning
    • Trust Litigation
    • Trust, Estate & Probate Litigation
    • Trust & Estate Administration
    • Probate
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      • Bankruptcy (FAQ’s)
    • Civil Litigation
    • Criminal Defense
    • Accidents & Injury
    • Corporate & Transactional
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      • Landlord Tenant Law
    • Employment Law
  • Tax Institute
    • 10th Annual USD School of Law – RJS LAW Tax Institute
    • 9th Annual USD School of Law – RJS LAW Tax Institute
    • 8th Annual USD School of Law – RJS LAW Tax Controversy Institute – July 28th, 2023
    • 7th Annual USD School of Law – RJS LAW Tax Controversy Institute – July 15th 2022
    • 6th Annual USD School of Law – RJS LAW Tax Controversy Institute
    • 5th Annual USD School of Law – RJS LAW Tax Controversy Institute
    • 4th Annual USD School of Law – RJS LAW Tax Controversy Institute
  • Testimonials
  • Giving
    • Giving
    • RJS LAW Donates Billboard to the Girl Scouts
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    • Ronson J. Shamoun at events with various dignitaries
    • SD50 Extraordinary Leadership
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IRS Tax Brackets 2023

Tax Brackets 2023

Will New Tax Brackets for the 2023 Calendar Year Help You?

The IRS updates tax rates annually based on inflation—and with this year’s monthly inflation numbers struggling to dip below seven percent, income tax thresholds are changing fairly dramatically compared to past years. The new IRS Tax Brackets 2023 reflect the substantial changes to prices we have seen in 2022. Luckily, though, these changes will help relieve some of the burden caused by inflation by preventing people from jumping tax brackets based on income increases. Taxpayers who receive income increases that do not keep up with inflation will likely be able to remain in their tax brackets and will not lose out on potential credits, deductions, and exemptions they received in previous years.

The new IRS Tax Brackets 2023 reflect a seven percent increase from the previous year’s rates—roughly the same pace as inflation and double last year’s increase. As always, your tax bracket is determined by your taxable income and filing status. The IRS adjusted the standard deductions for tax year 2023 to $27,700 for Married Filing Joint Filers, $13,850 for Single and Married Filing Separate Filers, and $20,850 for Head of Household Filers.  Traditional Tax Brackets are still maintained at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The new IRS Tax Brackets 2023 are summarized below:

Marginal Tax RateMarriedSingleHead of HouseholdMarried Filing Separate
10%$22,000 and under$11,000 and under$15,700 and under$11,000 and under
12%$22,001-$89,450$11,001-$44,725$15,701-$59,850$11,001-$44,725
22%$89,451-$190,750$44,726-$95,375$59,851-$95,350$44,726-$95375
24%$190,751-$364,200$95,376-$182,100$95,351-$182,100$95,376-$182,100
32%$364,201-$462,500$182,101-$231,250$182,101-$231,250$182,101-$231,250
35%$462,501-$693,750$231,251-$578,125$231,251-$578,100$231,251-$346,875
37%Over $693,750Over $578,125Over $578,100Over $346,875

New IRS Tax Brackets 2023

These tax rates are progressive marginal rates; each income threshold is taxed at its designate rate, then any excess money is taxed at the next highest rate until all income is accounted for. As such, if you have $100,000 in taxable income as a single taxpayer, you are not taxed at 24% on that entire amount. Instead, for the tax year 2023, the first $11,000 of income will be taxed at the 10% rate, the next dollars up to $44,725 will be taxed at 12%, the next dollars up to $95,375 will be taxed at 22% rate, and the last dollars over $95,375 will be taxed at the rate of 24% until the entire liability is satisfied

Again, the new IRS Tax Brackets 2023 will go into effect for your 2023 tax year. They do not affect any tax liabilities for the 2022 tax year, which need to be satisfied by April 18, 2023 and are subject to previous 2022 rates. An extension until May 15, 2023 has been granted for some California taxpayers in counties affected by recent flooding. RJS Law provides Estate Planning and Tax Planning services which can help individuals and businesses navigate the complexities of both the Internal Revenue Code and local tax laws.  Contact us at 619-595-1655 or click here to arrange a free consultation

Written by Joseph Cole, Esq., LL.M. and Zachary K. McDaniel

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