{"id":50786,"date":"2025-10-09T14:50:15","date_gmt":"2025-10-09T14:50:15","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/irs-releases-income-tax-brackets-and-standard-deductions-for-2026\/"},"modified":"2025-10-09T14:50:15","modified_gmt":"2025-10-09T14:50:15","slug":"irs-releases-income-tax-brackets-and-standard-deductions-for-2026","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/irs-releases-income-tax-brackets-and-standard-deductions-for-2026\/","title":{"rendered":"IRS releases income tax brackets and standard deductions for 2026"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>The IRS is adjusting the income limits of the federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their taxes next year.<\/p>\n<p>The IRS makes these adjustments, typically in October or November, to avoid what it known as &#8220;bracket creep,&#8221; which is when inflation pushes people into higher tax brackets, potentially forcing them to dole out more money come April.\u00a0<\/p>\n<p>The upshot: Americans will have to earn more income next year before reaching a higher tax bracket. For example, the upper tax limit on a single filer making $50,000 will be 12% in 2026 versus 22% in 2025.<\/p>\n<p>See the updated tax brackets below.<\/p>\n<pre>\n<figure id=\"datawrapper_kfut0\" class=\"embed embed--type-datawrapper embed--float-none embed--size-large  responsive-embed\" data-ads=\"{\" wordcount=\"\">\n  \n<\/figure>\n<\/pre>\n<pre>\n<figure id=\"datawrapper_ZbTHM\" class=\"embed embed--type-datawrapper embed--float-none embed--size-large  responsive-embed\" data-ads=\"{\" wordcount=\"\">\n  \n<\/figure>\n<\/pre>\n<h2>Standard deduction<\/h2>\n<p>In addition to setting the federal income tax brackets, the IRS also released changes to 2026 standard deductions on Thursday.<\/p>\n<ul>\n<li>Married couples filing jointly will have a standard deduction of $32,200<\/li>\n<li>Heads of households will have a standard deduction of $24,150<\/li>\n<li>Single taxpayers and married individuals will face a standard deduction of $16,100<\/li>\n<\/ul>\n<p>Seniors could see additional relief due to a provision in the One Big Beautiful Bill Act that provides a <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/big-beautiful-bill-social-security-tax-trump\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">temporary tax deduction of up to $6,000<\/a><\/span> for people aged 65 and older. The tax break, which is set to expire at the end of 2028, is available to those with an adjusted gross income of $75,000 or less for single filers and $150,000 or less for couples filing jointly.<\/p>\n<p>The IRS \u00a0announced Wednesday that an agency-wide furlough would begin on Oct. 8 due to a lapse in federal appropriations as a result of the government shutdown. Taxpayers with an extension of Oct. 15, and self-employed individuals who file quarterly, however, shouldn&#8217;t change course.<\/p>\n<p>&#8220;Taxpayers should continue to file, deposit, and pay federal income taxes as they normally would; the lapse in appropriations does not change Federal Income Tax responsibilities,&#8221; a spokesperson told CBS News in an email.<\/p>\n<p><em>\u2014 This is a developing story and will be updated.<\/em><\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n        <\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/mary-cunningham\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Mary  Cunningham<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Mary Cunningham is a reporter for CBS MoneyWatch. Before joining the business and finance vertical, she worked at &#8220;60 Minutes,&#8221; CBSNews.com and CBS News 24\/7 as part of the CBS News Associate Program.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/irs-new-tax-brackets-2026\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS is adjusting the income limits of the federal income tax brackets to account for the impact of inflation,<\/p>\n","protected":false},"author":1,"featured_media":50787,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[244,246],"class_list":["post-50786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-internal-revenue-service","tag-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IRS releases income tax brackets and standard deductions for 2026 - World News<\/title>\n<meta name=\"description\" content=\"The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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