Please contact us if any of our Federal tax data is incorrect or out of date.
Parents and guardians with higher incomes may be eligible to claim a partial credit. Please contact us if any of our Federal tax data is incorrect or out of date.Disclaimer: While we do our best to keep our historical Federal income tax rates up to date and complete, we cannot be held liable for errors or omissions. You qualify for the full amount of the 2023 Child Tax Credit for each qualifying child if you meet all eligibility factors and your annual income is not more than 200,000 (400,000 if filing a joint return). 7.7 on taxable income over 45,654 up to 91,310. There are seven tax brackets for most ordinary income for the 2021 tax year: 10 percent, 12 percent, 22 percent, 24 percent, 32 percent, 35 percent and 37 percent. The standard deduction and tax brackets were set 7 higher for the 2023 tax.
5.06 on the first 45,654 of taxable income. The Federal tax brackets on this page sourced from the Federal Department of Revenue for 2023. The following are the provincial/territorial tax rates for 2023 (in addition to federal tax) according to the CRA: Province/Territory. IRS Publication 4681, 323, 324 IRS Publication 4895, 130, 136 IRS regulations, 148, 799 IRS Tax Table.Is info on this page missing or out-of-date? Please let us know so we can fix it! Tax Data Sources: If you have questions or concerns, H&R Block can help you learn how tax brackets work and how different tax rates affect you.
Disclaimer: While we do our best to keep our historical Federal income tax rates up to date and complete, we cannot be held liable for errors or omissions. If you changed jobs, sold stock or inherited money, your tax bracket or tax rate may be different this year.