Updates
The following changes have been made since the database tax update released on November 24, 2022.
All Canada and United States amounts are given in CAD and USD, respectively.
Updates are effective January 1 unless stated otherwise.
2022 – United States
Arkansas
Decreased the supplemental withholding rate by 0.6% to 4.9%, effective October 1, 2022.
Colorado
Decreased the statute and supplemental withholding flat rate by 0.15% to 4.4%, retroactively effective January 1, 2022.
2023 – Canada
Alberta
Increased the following:
Tax bracket thresholds. The threshold for the 15% top bracket increased by $19,331 to $341,502.
Personal, spouse, and dependent amounts by $1,189 to $21,003.
British Columbia
Increased the low-income tax reduction amounts.
New Brunswick
Made the following changes to the tax table. The top bracket remains applicable for income over $176,756:
Removed the 17.84% bracket applicable for income over $155,150 to form a four-bracket table.
Decreased the rates for all brackets except for the lowest 9.4% bracket. The rate for the top bracket decreased by 0.8% to 19.5%.
Northwest Territories
Increased the following:
Tax bracket thresholds. The threshold for the 14.05% top bracket increased by $9,313 to $157,139.
Personal, spouse, and dependent amounts by $984 to $16,593.
Nunavut
Increased the following:
Tax bracket thresholds. The threshold for the 11.5% top bracket increased by $9,804 to $165,429.
Personal, spouse, and dependent amounts by $1,063 to $17,925.
Prince Edward Island
Increased the personal amount by $750 to $12,000.
Yukon
Increased the tax bracket thresholds for the first three brackets. The threshold for the 15% top bracket remains $500,000.
2023 – United States
Income Tax: Increased the business mileage rate by $0.03 to $0.655. The rate for moving purpose, applicable to nonconforming states, remains unchanged at $0.22.
Social Security: Increased the railroad retirement tier II wage ceiling by $9,600 to $118,800.
Alaska
Decreased maximum unemployment insurance contribution by $12.91 to $240.21; as result of a rate decrease by 0.05% to 0.51% and a wage ceiling increase by $1,900 to $47,100.
Arkansas
Increased the standard deductions for all filing status. The deduction increased for single employees by $70 to $2,270.
Hawaii
Increased the disability insurance wage ceiling by $6,145 to $68,561.
Illinois
Increased the personal exemption by $200 to $2,625.
Indiana
Updated the local tax rates for Greene, Montgomery, and Perry counties.
Iowa
Changed the following:
Corrected the tax table from a 6% flat rate to a four-bracket table ranging from 4.4% to 6%. The top bracket is applicable to income over $75,000 for single employees.
Removed the standard deduction.
Kentucky
Increased the Highland Heights local tax wage ceiling by $60,200 to $160,200.
Maine
Increased the following based on Consumer Price Index (CPI) changes for all filing status. Amounts apply to single employees:
Bracket thresholds. The threshold for the 7.15% top bracket increased by $3,600 to $58,050.
Personal exemption by $250 to $4,700.
Personal exemption phaseout thresholds by $18,900 to $305,100.
Deduction phaseout threshold by $5,650 to $91,500.
Maryland
Decreased the local rates for Allegany, Anne Arundel, Cecil, St. Mary’s, and Washington counties.
Massachusetts
Made the following changes:
Added a second bracket with a 9% rate for income over $1 million. All income was previously taxed at 5%.
Decreased the paid family and medical leave rate by 0.026% to 0.318%.
Missouri
Updated the following:
Removed the 1.5% and 5.35% brackets and decreased the new top bracket rate by 0.05% to 4.95%.
Increased bracket thresholds based on CPI changes. The threshold for the 4.9% tax bracket increased by $602 to $8,449.
Decreased the supplemental rate by 0.35% to 4.95%.
Montana
Increased the following:
Tax bracket thresholds. The threshold for the 6.75% top bracket increased by $1,800 to $21,600.
Minimum and maximum standard deductions for all filing status. The deductions increased by $200 to $2,460 and $450 to $5,540, respectively, for single employees.
Personal exemption by $250 to $2,960.
New Jersey
Made the following changes:
Removed the disability insurance contribution of 0.14%.
Decreased the family leave insurance tax rate from 0.08% to 0.06% and increased the wage ceiling by $4,900 to $156,800.
Increased the unemployment insurance wage ceiling by $1,300 to $41,100.
North Carolina
Decreased the supplemental withholding and statute tax rates by 0.24% to 4.85% and 4.75%, respectively.
Ohio
Updated the rates for 21 local tax authorities.
Oregon
Made the following changes:
Increased the federal tax deductions based on CPI changes. The maximum increased by $750 to $7,800 for single employees.
Corrected the Family and Medical Leave contribution by decreasing the wage ceiling by $27,300 to $132,900.
Pennsylvania
Updated rates for 81 local tax authorities.
Rhode Island
Increased the disability insurance wage ceiling by $2,500 to $84,000.
South Carolina
Made the following changes:
Increased the following based on CPI changes:
Tax bracket thresholds. The threshold for the 6.5% top bracket increased by $1,130 to $17,170.
Dependent exemption by $310 to $4,740.
Decreased the supplemental withholding rate by 0.5% to 6.5%.
Washington
Increased the Family and Medical Leave rate by 0.14% to 0.58%.