IRS Sets New Tax Brackets for 2026. See How They Have Changed.
Barronsยท2025-10-09 18:03
The Internal Revenue Service on Thursday announced the inflation adjustments for 2026 tax brackets and other provisions of the tax code. For tax year 2026 (tax returns filed in 2027), the standard deduction rises to $16,100 for an individual and $32,200 for married couples filing jointly, up from $15,750 and $31,500 this year. The 2025 amounts were retroactively lifted over the summer in the Republicans' tax and spending megalaw. For 2026, the top marginal tax rate remains 37% for individual taxpayers with ...