2026 Tax Brackets Are Out: 3 Key Changes You Need to Know

Key Points The Internal Revenue Service adjusts tax brackets higher to ensure that inflation doesn't accidentally push workers into higher brackets. President Donald Trump's large spending bill passed by Congress earlier this year also made changes to the tax code. Specifically, the standard deduction and the state and local tax deduction will change. The $23,760 Social Security bonus most retirees completely overlook › As the famous saying goes, there are only two certainties in life: death and ...