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IRS Unveils Higher Deductions, New Tax Brackets for 2026

12/3/2025

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Summary

Story summary

Internal Revenue Service (IRS) announced for tax year 2026, with changes effective for filings in 2027, including higher standard deductions and updated tax brackets.
The standard deduction will rise to $16,100 for single filers and $32,200 for married couples filing jointly.
For tax year 2026, the IRS sets a 10 percent rate on income up to $12,400 and a 12 percent rate on income above that amount.

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Story summary

Internal Revenue Service (IRS) announced for tax year 2026, with changes effective for filings in 2027, including higher standard deductions and updated tax brackets.
The standard deduction will rise to $16,100 for single filers and $32,200 for married couples filing jointly.
For tax year 2026, the IRS sets a 10 percent rate on income up to $12,400 and a 12 percent rate on income above that amount.