08/27/2026
IRS 2026 LAWS
Important Changes for the 2026 Tax Year
1. Higher Standard Deduction
For 2026 taxes:
* Single Filers: $16,100
* Married Filing Jointly: $32,200
* Head of Household: $24,150
2. Updated 2026 Tax Brackets
The federal income tax rates remain the same, but the income thresholds have increased due to inflation adjustments.
Single
Tax Rate Taxable Income
10% $0 – $12,275
12% $12,276 – $49,950
22% $49,951 – $106,375
24% $106,376 – $203,150
32% $203,151 – $256,525
35% $256,526 – $640,600
37% $640,601 or more
Married Filing Jointly
Tax Rate Taxable Income
10% $0 – $24,550
12% $24,551 – $99,900
22% $99,901 – $212,750
24% $212,751 – $406,300
32% $406,301 – $513,050
35% $513,051 – $768,700
37% $768,701 or more
Head of Household
Tax Rate Taxable Income
10% $0 – $17,500
12% $17,501 – $66,700
22% $66,701 – $106,350
24% $106,351 – $203,150
32% $203,151 – $256,500
35% $256,501 – $640,600
37% $640,601 or more
3. New Deductions Added for 2026
New deductions created under recent U.S. tax legislation:
* Up to $25,000 deduction for qualified tips
* Up to $12,500 deduction for overtime pay; $25,000 for MFJ
* Up to $10,000 deduction for vehicle loan interest
* Additional $6,000 deduction for seniors age 65+
* These deductions are above-the-line deductions, reducing adjusted gross income.
4. Earned Income Tax Credit Increased
The maximum EITC for families with 3+ children rises to:
$8,231 for 2026
5. Estate Tax Exemption Increased
The federal estate tax exemption rises to:
$15 million per person in 2026
6. Filing Season Dates
* Standard federal filing deadline: April 15, 2027
For the latest official information, forms, and guidance, visit:
IRS.gov
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