What You Need to Know About the Standard Deduction for 2026
Автор: Riley Adams, CPA
Загружено: 2026-01-29
Просмотров: 156
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Full article: https://youngandtheinvested.com/stand...
Every year, as you file your federal income tax return, you have an important decision to make: itemize, or take the standard deduction. You can only pick one, but at least you can select the option that cuts your tax bill the most.
Standard deduction amounts are adjusted each year to account for inflation, which helps taxpayers by increasing their deduction nearly every year. Those increases have become milder over the past couple of years as inflation has been pared down. Still, for smart taxpayers who want to start thinking about their 2026 tax situation now, the IRS has already released the standard deduction amounts for the 2026 tax year.
Want to get a jump on your 2026 tax planning? Watch on, as we lay out all of the various standard deduction amounts for next year. This is typically the most important tax deduction for about 90% of all Americans—so it’s something you definitely want to be on top of well before it’s time to file your return.
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