"For 2026, the tax rates remain 10%, 12%, 22%, 24%, 32%, 35%, and 37%, with inflation-adjusted thresholds that determine how much income is taxed at each rate rather than taxing all income at a single rate. Single filers reach the 12% bracket above $12,400, 22% above $50,400, 24% above $105,700, 32% above $201,775, 35% above $256,225, and the top 37% rate above $640,600 in 2026."
"The standard deduction for 2026 is $16,100 for single filers, $32,200 for married couples filing jointly, and $24,150 for heads of household, reflecting both routine inflation indexing and specific changes embedded in the new law. The law also bumped the 2025 standard deduction to $15,750 for single filers and $31,500 for joint filers-an increase that carries into the 2026 baseline-before the new 2026 figures take effect on returns filed in 2027"
The IRS maintained seven federal tax rates for 2026: 10%, 12%, 22%, 24%, 32%, 35%, and 37%, with inflation-adjusted thresholds allocating income across those brackets. Single filers and married couples filing jointly face specified threshold amounts that rose to limit bracket creep, with larger percentage increases at lower brackets. The standard deduction increased to $16,100 for singles, $32,200 for joint filers, and $24,150 for heads of household, reflecting routine inflation indexing and law changes carried from 2025. Most households will see modest reductions in taxable income, while high earners still reach the 37% rate only above much higher income levels.
Read at Fortune
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