US tax filing: IRS releases income tax brackets and standard deductions for 2026; here's what has changed
US tax filing: IRS releases income tax brackets and standard deductions for 2026; here's what has changed
The IRS has announced 2026 federal income tax bracket and standard deduction adjustments to combat bracket creep. Key changes include higher thresholds for the top 37% tax rate and increased standard deductions for various filing statuses. Seniors may also benefit from a temporary deduction under the One Big Beautiful Bill Act.
The IRS has announced 2026 federal income tax bracket and standard deduction adjustments to combat bracket creep. Key changes include higher thresholds for the top 37% tax rate and increased standard deductions for various filing statuses. Seniors may also benefit from a temporary deduction under the One Big Beautiful Bill Act.