Overview

• The 10% bracket covers single incomes up to $12,400 ($24,800 for joint filers) and the top 37% rate begins above $640,600 for single filers ($768,700 for joint filers).
• The standard deduction rises to $16,100 for single filers, $32,200 for married couples filing jointly, and $24,150 for heads of household for tax year 2026.
• The IRS incorporated One Big Beautiful Bill changes, including a temporary deduction up to $6,000 for taxpayers 65 and older, a $15 million estate tax exclusion in 2026, higher EITC and a larger employer child‑care credit, plus a federal income tax exclusion for tips up to $25,000.
• A Tax Foundation calculator indicates most households will see modest take‑home pay gains in 2026, while the Congressional Budget Office projects the law will add at least $3.4 trillion to deficits over the next decade.
• The agency issued the updates during a government shutdown that triggered broad IRS furloughs, with core filing and payment operations continuing.