The IRS announced new federal income tax brackets for 2026. Here’s what’s changing.

0
2
The Internal Revenue Service Building in Washington, DC
The standard deduction is also increasing, saving taxpayers more money.

Kevin Carter/Getty Images

  • The IRS announced new federal income tax brackets for 2026.
  • The standard deduction is also increasing, saving taxpayers more money.
  • Here's what the new tax brackets look like.

Federal income tax brackets and the standard deduction are about to look a little bit different in the US.

The Internal Revenue Service announced changes to the tax code on Thursday, driven by both inflation adjustments and President Donald Trump's "Big Beautiful Bill."

The standard deduction for married couples filing jointly is set to increase to $32,200, a $700 increase from the $31,500 deduction this year.

For single filers, the deduction is increasing by $350, up to $16,100 in 2026 from $15,750 this year.

The changes will begin in 2026, meaning taxpayers will notice the changes when they file their taxes in 2027.

Here's how the tax brackets are changing for single filers:

Tax bracket 2025 2026
10% $11,925 or less $12,400 or less
12% Over $11,925 Over $12,400
22% Over $48,475 Over $50,400
24% Over $103,350 Over $105,700
32% Over $197,300 Over $201,775
35% Over $250,525 Over $256,225
37% Over $626,350 Over $640,600

And here's how they're changing for married couples filing jointly:

Tax bracket 2025 2026
10% $23,850 or less $24,800 or less
12% Over $23,850 Over $24,800
22% Over $96,950 Over $100,800
24% Over $206,700 Over $211,400
32% Over $394,600 Over $403,550
35% Over $501,050 Over $512,450
37% Over $751,600 Over $768,700

Read the original article on Business Insider