Your Tax Brackets for 2026

The One Big Beautiful Bill passed by Congress and signed into law by President Trump in July included some adjustments in taxes and tax brackets. Here are a couple of highlights:

• For 2026, the standard deduction will rise about 7.3% over the 2025 deductions
• Married couples will see their standard deduction go to $32,200 from $31,500 in 2025
• Those filing singly will see the deduction go from $15,750 to $16,100
• The Alternative Minimum Tax exemption will drop to $90,100 for single filers and to $140,200 for those married and filing jointly

Tom O’Saben of the National Association of Tax Professionals said the tax bracket thresholds are up about 2.7% in 2026 to account for inflation. So an individual earning $100,000 in 2026 will owe about $13,170 in federal income tax. That’s $279 less than they would have owned in 2025.

“We call it ‘bracket creep’ — where you would end up going into a higher tax bracket if they didn’t end up being adjusted for inflation,” O’Saben said.

Here are the new tax rates for the brackets:

10% Tax rate

Single filers — $0 to $12,400

Married filing jointly — $0 to $24,800

For heads of households — $0 to $17,700

12% tax rate

Single filers — $12,401 to $50,400

Married filing jointly — $24,801 to $100,800

For heads of households — $17,701 to $67,450

22% tax rate

Single filers — $50,401 to $105,700

Married filing jointly — $100,801 to $211,400

For heads of households — $67,451 to $105,700

24% tax rate

Single filers — $105,701 to $201,775

Married filing jointly — $211,401 to $403,550

For heads of households — $105,701 to $201,750

32% tax rate

Single filers — $201,776 to $256,225

Married filing jointly — $403,551 to $512,450

For heads of households — $201,751 to $256,200

35% tax rate

Single filers — $256,226 to $640,600

Married filing jointly — $512,451 to $768,700

For heads of households — $256,201 to $640,600

Source link: NBC News — https://bit.ly/3LacC85