{"id":36596,"date":"2025-10-09T14:42:28","date_gmt":"2025-10-09T14:42:28","guid":{"rendered":"https:\/\/financialrush.com\/?p=36596"},"modified":"2025-10-09T14:42:28","modified_gmt":"2025-10-09T14:42:28","slug":"2026-tax-brackets-and-income-rates","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=36596","title":{"rendered":"2026 tax brackets and income rates"},"content":{"rendered":"

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Pra-chid | Istock | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The IRS has announced new federal income tax brackets and standard deductions for 2026.<\/p>\n

In its announcement<\/a> on Thursday, the agency raised the income thresholds for each bracket, which applies to tax year 2026 for returns filed in 2027.<\/p>\n

The IRS also boosted figures for other provisions, including\u00a0long-term capital gains brackets<\/a>,\u00a0estate and gift tax exemption\u00a0and eligibility for the\u00a0earned income tax credit, among others.<\/p>\n

For 2026, the top rate of 37% applies to individuals with taxable income above $640,600 and married couples filing jointly earning $768,700 or more for 2026.<\/p>\n<\/div>\n

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Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Federal income tax brackets show how much you owe on each part of your “taxable income,” which you calculate by subtracting the greater of the standard or itemized deductions from your adjusted gross income.<\/p>\n

The standard deduction will also increase in 2026, rising to $32,200 for married couples filing jointly, up from $31,500 in 2025. Starting in 2026, single filers\u00a0<\/strong>can claim\u00a0<\/strong>$16,100, a bump up from $15,750.<\/p>\n

The IRS announcements come a day after the agency said it would furlough nearly half its workforce<\/a> due to the ongoing government shutdown.\u00a0<\/p>\n

This is breaking news. Please refresh for updates.<\/em><\/p>\n<\/div>\n<\/div>\n\n
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