The largest bill currently in circulation in the US is $100. Distribution of all larger denominations ($500, $1,000, $5,000, and $10,000) was halted in July 1969 by presidential order. Those larger bills were never recalled so they're technically still legal tender but none have been reported in circulation for decades.
$100,000 bills were printed for use within the Federal Reserve System in the days before electronic funds transfer was possible. Various sources say up to 42,000 of them were printed; all were dated 1934. The design features a picture of President Woodrow Wilson and is distinguished by the use of orange ink.
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The US dollar bill with the highest circulation today is the $100. Other bills with a higher amount are currently not in circulation. These include $500, $1000, $5000, and $10,000. While technically still legal to use, they're worth more to collectors. There were also special $100,000 bills printed for use inside the government but these were never available to the general public.
$10,000 was the largest-denomination US bill ever printed for circulation. They were last issued in 1945 when $10,000 was a substantial yearly salary so very few of them were ever used. The largest bill ever printed was the Series 1934 $100,000 gold certificate, but these were only used for transactions within the Federal Reserve System. There's more at the Related Link, below
It's worth a few cents for the paper it's printed on, because it's not a genuine US bill - it's a well-known novelty item available online and in gift shops. There's never been a 1 million dollar bill. The largest US bill ever printed for circulation was $10,000, and the largest ever printed (but not circulated) was $100,000.
It was the one hundred thousand (100,000) dollar bill. These bills were only used for intra-governmental money transfers. The largest circulation bill ever issued was ten thousand (10,000) dollars. Since 1945 it has been one hundred (100).
The 100 dollar bill is the highest in circulation.