Standard Deduction & Tax Brackets Updated for 2026: What It Means for Your Paycheck
Автор: Simple Wealth Lab 7
Загружено: 2026-01-19
Просмотров: 4
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The IRS quietly updated the standard deduction and tax brackets for 2026, and for most taxpayers, this means less tax and more take-home pay — even if your income didn’t change much.
In this short, clear breakdown, we explain exactly what changed, why it matters, and how these updates affect your taxes when you file.
For the 2026 tax year (filed in 2027), the IRS increased the standard deduction for all filing statuses:
• Single filers
• Married filing jointly
• Head of household
A higher standard deduction means more of your income is automatically shielded from taxes, especially if you don’t itemize deductions like mortgage interest or large charitable donations.
The IRS also adjusted tax bracket income ranges upward to account for inflation. That’s important because it helps prevent “bracket creep,” where raises or cost-of-living increases push your income into higher tax rates without real buying-power gains.
What this means in simple terms:
• You can earn slightly more without being taxed at a higher rate
• Your taxable income may be lower than last year
• Many people will see smaller tax bills or bigger refunds
This video explains the changes clearly — no jargon, no hype — so you understand how the 2026 tax rules affect your money.
Standard Deduction & Tax Brackets Updated for 2026
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