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Married Individuals Filing Separate Returns $63,250 Estates and Trusts

$28,400 For taxable years beginning in 2023, under § 55(b)(1), the excess taxable income above which the 28 percent tax rate applies is: Married Individuals Filing Separate Returns $110,350

All Other Taxpayers

$220,700

For taxable years beginning in 2023, the amounts used under § 55(d)(2) to determine the phaseout of the exemption amounts are:

Threshold Complete

Phaseout amount Phaseout amount

Joint Returns or Surviving Spouses $1,156,300 $1,662,300 Unmarried Individuals (other than $578,150 $903,350 Surviving Spouses)

Married Individuals Filing Separate $578,150 $831,150 Returns Estates and Trusts $94,600 $208,200 .12 Alternative Minimum Tax Exemption for a Child Subject to the “Kiddie Tax.” For taxable years beginning in 2023, for a child to whom the § 1(g) “kiddie tax” applies, the exemption amount under §§ 55(d) and 59(j) for purposes of the alternative minimum tax under § 55 may not exceed the sum of (1) the child’s earned income for the taxable year, plus (2) $8,800. .13 Certain Expenses of Elementary and Secondary School Teachers. For taxable years beginning in 2023, under § 62(a)(2)(D) the amount of the deduction allowed under § 162 that consists of expenses paid or incurred by an eligible educator in connection with books, supplies (other than nonathletic supplies for courses of instruction in health