Standard tax deductions are increasing across the board, but the news is even better for those 65 years and older.

The IRS on Thursday announced adjustments to the federal income tax brackets and standard deductions for 2026.

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

Each year, the IRS adjusts this deduction to reflect inflation and the rising cost of living. When the deduction increases, ...

The deduction reduces at a rate of 6% of the amount exceeding the threshold. For instance, a single filer with a MAGI of ...

See new IRS income tax brackets 2025, updated tax rates, standard deduction married filing jointly. How much will taxes will ...

The IRS has released the new income limits for federal income tax brackets for the tax year 2026. The brackets you fall into determine how much you owe at tax time. For 2025 returns, which will be ...

For 2026, the IRS made inflation-based adjustments of 4% for the lowest of the seven-tiered bracket system and 2.3% for ...

The IRS has adjusted federal income tax brackets for the 2026 tax year to account for inflation. Here's what changes and how ...

President Donald Trump’s new tax bill cuts the income tax liability for many Americans.

Both the tax brackets and the standard deduction for the 2026 tax year, which is filed in 2027, have increased to reflect ...

Adjustments to the extra standard deduction can impact the tax bills of millions of older adults. Here are some new amounts ...