IRS Announces 2026 Tax Brackets, Standard Deduction, and Other Adjustments
The IRS recently released updated federal income tax brackets and standard deductions for 2026, applicable for returns filed in 2027. The agency increased income thresholds for each bracket, along with adjustments to long-term capital gains brackets, estate and gift tax exemptions, and earned income tax credit eligibility. For the 2026 tax year, the top tax rate of 37% will apply to individuals with taxable income exceeding $640,600 and married couples filing jointly with income above $768,700.
John Q. Hosedrinker