IRS sets 2026 tax brackets, standard deductions
The IRS announced inflation-adjusted federal income tax brackets and standard deductions for the 2026 tax year, raising income thresholds to prevent bracket creep and updating standard deduction amounts. Standard deductions will be $32,200 for married filing jointly, $24,150 for heads of household, and $16,100 for single filers, with an additional temporary deduction of up to $6,000 for seniors through 2028 under the One Big Beautiful Bill Act. The IRS also said Oct. 15 extension filers should submit returns as planned despite an Oct. 8 agency furlough tied to the government shutdown.
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đ Key Facts
- 2026 standard deductions: $32,200 (married filing jointly), $24,150 (head of household), $16,100 (single/married filing separately)
- Temporary senior deduction: up to $6,000 through end of 2028 for AGI ⤠$75,000 (single) or ⤠$150,000 (joint)
- Bracket example: a single filer earning $50,000 will face a top marginal rate of 12% in 2026 vs. 22% in 2025
- IRS spokesperson: taxpayers must continue to file, deposit and pay federal taxes as normal despite shutdown-related furloughs