(NEXSTAR) — Americans received a glimmer of financial relief last week when the Federal Reserve cut rates for the first time this year, and indicated more cuts could be on the horizon. In just a few weeks, there could be signs of additional support.
In the fall, the IRS typically announces changes that will impact how you file taxes at the start of the next year. That can include changes to tax provisions — more than 60 updates were announced last year — and, potentially most significant to you, the tax brackets.
We already know the tax brackets that apply to this year, and thereby the taxes you'll be filing early next year, but the IRS has yet to announce any changes for the 2026 tax year.
Nonetheless, the latest projections from Bloomberg Tax suggest we could see the brackets shift ag