Core Points - The IRS has announced changes to the 2026 tax brackets, which will impact taxpayers when they file their 2026 returns in 2027 [1] - Key changes include adjustments for inflation, an increase in the standard deduction, and modifications to the state and local tax deduction [1][4] Tax Bracket Adjustments - The phenomenon of "bracket creep" will lead to higher tax brackets for 2026 due to inflation, affecting both single and joint filers [3] - For single filers, the 2026 tax brackets will be as follows: - 37% for income over $640,600 (up from $626,350 in 2025) - 35% for income over $256,225 (up from $250,525) - 32% for income over $201,775 (up from $197,300) - 24% for income over $105,700 (up from $103,350) - 22% for income over $50,400 (up from $48,475) - 12% for income over $12,400 (up from $11,925) - 10% for income below $12,400 (up from $11,925) [3] - For joint filers, the 2026 tax brackets will be: - 37% for income over $768,700 (up from $751,600) - 35% for income over $512,450 (up from $501,050) - 32% for income over $403,550 (up from $394,600) - 24% for income over $211,400 (up from $206,700) - 22% for income over $100,800 (up from $96,950) - 12% for income over $24,800 (up from $23,850) - 10% for income below $24,800 (up from $23,850) [5] Standard Deduction Increases - The standard deduction will also see increases for the 2026 tax year, benefiting those who do not itemize deductions [5][6] - For single filers, the standard deduction will rise to $16,100 (up from $15,750 in 2025) - Head-of-household filers will see their deduction increase to $24,150 (up from $23,625) - Joint filers will have their standard deduction increase to $32,200 (up from $31,500) [6]