Tax And Finance News

IRS Announces 2026 Tax Brackets and Deductions

The IRS announced inflation adjustments for over 60 tax provisions for 2026, including slight increases in tax brackets and standard deductions, permanent extensions of key provisions from the 2017 tax law, and new benefits such as a higher estate tax exclusion, increased earned income credits, and tax-free tips for workers, aimed at preventing bracket creep and providing tax relief to Americans.