06/02/2026
The IRS announced updated standard deduction amounts for 2026, giving many taxpayers an opportunity to reduce their taxable income. Find out more about these changes at
Both the tax brackets and the standard deduction for the 2026 tax year, which is filed in 2027, have increased to reflect inflation. Other changes from the 'One Big Beautiful Bill' have also been announced, many of which make tax credits and deductions more generous for taxpayers.