New tax brackets and standard deduction amounts for the 2026 tax year are out now from the IRS.
The new numbers include changes that resulted from the major domestic policy bill President Donald Trump and Republicans in Congress pushed through earlier this year. A large part of the bill made permanent tax changes originally passed during Trump’s first term, which had been scheduled to expire.
Some of the key changes:
The standard deduction for 2026 (returns filed in 2027) will be $32,200 for married couples filing jointly, $16,100 for single filers and married couples filing separately and $24,150 for heads of households. The Trump bill prevented the standard deduction from being cut in half and added several hundred dollars to its value, according to the Tax Foundation , a think tank