Main Street Tax Fulda

10/06/2026

Need a copy of your tax records? Whether you're buying a home, applying for student financial aid or preparing for a major life event, the offers several options:

1. Use your individual account to view, print or download your transcripts and other tax records online
2. Request your transcripts and other tax records by mail

If you need your information quickly, start with your online account for convenient access. Learn more: www.irs.gov/transcripts

09/28/2026

🏡 Calling all Minnesota renters! If you paid rent in a property where the owner was assessed property tax, you could be eligible for a refundable renter’s credit! To learn more and check eligibility visit https://www.revenue.state.mn.us/renters-credit

09/25/2026

09/24/2026

Attention property owners and managing agents:
You can now create 2026 Certificates of Rent Paid (CRPs) for your renters! Visit Create a Certificate of Rent Paid (CRP) for more information. https://www.revenue.state.mn.us/create-certificate-of-rent-paid

09/23/2026

🇺🇸 U.S. FEDERAL INCOME TAXES 2026

Federal Tax Rates

10% • 12% • 22% • 24% • 32% • 35% • 37%

Tax year 2026 uses a progressive tax system—different portions of taxable income are taxed at different rates.

SINGLE FILERS

10%: $0 – $12,400

12%: $12,401 – $50,400

22%: $50,401 – $105,700

24%: $105,701 – $201,775

32%: $201,776 – $256,225

35%: $256,226 – $640,600

37%: Over $640,600

MARRIED FILING JOINTLY

10%: $0 – $24,800

12%: $24,801 – $100,800

22%: $100,801 – $211,400

24%: $211,401 – $403,550

32%: $403,551 – $512,450

35%: $512,451 – $768,700

37%: Over $768,700

HEAD OF HOUSEHOLD

10%: $0 – $17,700

12%: $17,701 – $67,450

22%: $67,451 – $105,700

24%: $105,701 – $201,750

32%: $201,751 – $256,200

35%: $256,201 – $640,600

37%: Over $640,600

STANDARD DEDUCTION — 2026

Single: $16,100

Married Filing Jointly: $32,200

Head of Household: $24,150

2026 TAX CHANGES TO HIGHLIGHT

Child Tax Credit: up to $2,200 per qualifying child.

Earned Income Tax Credit: up to $8,231 for taxpayers with 3+ qualifying children.

Qualified tip deduction: up to $25,000, subject to eligibility and income phaseouts.

Qualified overtime deduction: up to $12,500, or $25,000 married filing jointly.

Qualified car-loan interest deduction: available for qualifying vehicle loans.

Enhanced senior deduction: up to $6,000 per eligible senior, subject to phaseout.

09/16/2026

Starting a business? Visit our website today to learn more about our tax information for people who are starting a business or if you're buying an existing business. https://www.revenue.state.mn.us/starting-business

09/15/2026

If you need to make estimated tax payments, head to the online tax account today. You can make a same-day payment or schedule payments up to 365 days in advance from your bank account. Visit: www.irs.gov/Account

09/11/2026

Never Forget

09/10/2026

If you're working and claiming Social Security before your full retirement age, the SSA can withhold up to $1 in benefits for every $2 you earn above the annual limit. That limit is $24,480 for 2026. I saw this surprise countless times in my years at Social Security, and the frustration is real — you count on that check, and then it shrinks because you worked a few extra hours. But understanding the rule can save you from an unpleasant shock.

Here's how it works: In 2026, if you're under your full retirement age for the entire year, you can earn up to $24,480 without any reduction to your Social Security benefit. For every $2 you earn above that amount, $1 is withheld from your benefits. Once you reach your full retirement age, the rules change — you can earn as much as you want with no reduction, and any benefits withheld earlier are credited back to you by increasing your monthly benefit amount.

The earnings test only applies before full retirement age. The year you reach full retirement age is special: you have a higher limit of $65,160, and the withholding is $1 for every $3 above that limit, but only for earnings before the month you attain full retirement age.

Here's what to do: If you're working and claiming early, keep track of your expected earnings and report them to Social Security. You can adjust your benefit or your work plans. And remember, you may still qualify for benefits even if some are withheld. For personalized assistance, reach out to the Social Security Administration or a trusted advisor.

Has the earnings test ever reduced your check, or are you planning to work past your full retirement age?

09/10/2026

🖍️ Calling all educators! Did you know you can deduct up to $300 of unreimbursed expenses for classroom supplies and professional development? This deduction is a great way to help offset the costs you incur while enriching your students' learning experiences.

🔹 Who Qualifies?
If you’re a K-12 teacher, instructor, counselor, principal, or aide working at least 900 hours a school year, you’re eligible!
🔹 What Expenses Count?
You can deduct costs for books, supplies, computer equipment, and even personal protective equipment used to prevent the spread of COVID-19.
🔹 Filing Your Deduction
Claim this deduction on your Form 1040 or Form 1040-SR. If both you and your spouse are eligible educators, you can deduct up to $600 together!
🔹 Why It Matters
This deduction recognizes the dedication you bring to your classrooms and helps ease the financial burden many educators face.

For more details on how to claim this deduction, visit: https://ow.ly/jEWn50ZzpYG.

Let’s continue to support our educators and the invaluable work they do! 🌈