With the passage of Trump's signature tax and spending bill in July, a lot is poised to change tax-wise in the coming year. Among the bill's provisions was making permanent the tax brackets instituted by the 2017 Tax Cuts and Jobs Act (TCJA), which were previously set to expire at the end of 2025 and would have pushed some taxpayers into higher marginal tax rates.

That does not mean that tax brackets will remain exactly the same, however. Ahead of each new year, the IRS updates the income ranges for each tax bracket to take into account inflation . On the whole, "tax brackets will rise by about 4% for lower-income ranges and roughly 2% for higher earners," said CNBC Make It . These changes particularly are relevant for taxpayers on the cusp of one bracket or another.

First, a qui

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