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IRS announces new federal income tax brackets for 2026
The IRS raised tax brackets and standard deductions to prevent bracket creep, adding new senior and tip exemptions that benefit millions of taxpayers, including a $6,000 senior deduction.
- On Thursday, the Internal Revenue Service announced annual inflation adjustments for more than 60 tax provisions for tax year 2026, affecting returns filed in 2027.
- To prevent bracket creep, the IRS raised income thresholds for inflation, with many changes influenced by the One Big Beautiful Bill Act.
- The IRS kept seven tax rates and set standard deductions at $32,200 for married couples filing jointly, $16,100 for single filers and $24,150 for heads of household.
- Many taxpayers will feel changes since about 90% take the standard deduction, and withholding tables effective for 2026 will affect returns filed in 2027.
- Beyond brackets, the IRS also raised the employer-provided childcare tax credit to $500,000, increased the Earned Income Credit, foreign-earned income exclusion, AMT exemption, and estate tax exclusion for 2026.
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120 Articles
The IRS announced new federal income tax brackets for 2026. Here's what's changing.
The standard deduction is also increasing, saving taxpayers more money.Kevin Carter/Getty ImagesThe IRS announced new federal income tax brackets for 2026.The standard deduction is also increasing, saving taxpayers more money.Here's what the new tax brackets look like.Federal income tax brackets and the standard deduction are about to look a little bit different in the US.The Internal Revenue Service announced changes to the tax code on Thursday…
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New 2026 tax brackets are here: What higher thresholds and a bigger standard deduction mean for paychecks and the top 1%
The IRS has set the 2026 tax brackets and standard deductions, keeping seven rates in place while shifting the income thresholds upward to account for inflation and to reflect changes enacted in the One Big Beautiful Bill Act, meaning many paychecks will see modest relief in 2026 and the top rate still bites only above very high incomes. For most households, the standard deduction rises again, which will reduce taxable income before the brackets…
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