Tax Brackets

📢 2026 Federal Income Tax Brackets & Standard Deduction Update

The IRS has announced new income tax brackets and standard deduction increases for the 2026 tax year (returns filed in 2027).

✅ Standard Deduction:

• Married Filing Jointly: $32,200 (up from $31,500 in 2025)

• Single Filers: $16,100 (up from $15,750)

✅ Top Federal Tax Rate:

• 37% for individuals earning above $640,600

• 37% for married couples earning above $768,700

✅ Other Key Adjustments:

• Long-term capital gains brackets

• Estate & gift tax exemptions

• Earned Income Tax Credit eligibility

💡 These adjustments reflect inflation changes and may impact your withholding, deductions, and year-end planning. Now is the time to review your tax strategy and projected income to stay ahead for 2026.

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