Tax Planning & Financial Implications - Understanding taxable income is crucial for predicting cash flow throughout the year [2] - Individuals should determine their tax bracket for better financial planning [2] - CNBC offers resources for obtaining more tax-related information [3] Tax Law Updates - Higher federal income tax brackets are anticipated next year due to inflation [1] - In 2026, the standard deduction will increase to $32,200 for married couples and $16,100 for single filers [1]