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TAMPA, Fla. (WFLA) — The Internal Revenue Service has announced new tax inflation adjustments for the 2026 tax year.

Thursday, the IRS posted several notable changes, including those from the Republican-sponsored "Big Beautiful Bill."

One of the biggest changes is in the standard deduction, the fixed amount a taxpayer can deduct from their paycheck for a lower tax bill during tax season. The changes have been noted in the table below.

The way standard deductions work is by reducing the taxable income yearly by the amount above. So someone who is making $60,000 annually as a single person would qualify for the $16,100 deduction, allowing them to owe taxes on $43,900 of income.

According to the IRS, th

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