2026 tax brackets and income rates

The IRS announced new federal income tax brackets and standard deductions for 2026.

in it announcement The agency on Thursday raised the income thresholds for each bracket effective for the 2026 tax year for returns filed in 2027.

The IRS also increased the numbers for other provisions. long-term capital gains bracketsestate and gift tax exemption and eligibility for the earned income tax credit, among others.

The top 37% rate for 2026 applies to individuals with taxable income over $640,600 and married couples earning jointly $768,700 or more for 2026.

Federal income tax brackets show how much you owe for each portion of your “taxable income,” calculated by subtracting the bulk of the standard or itemized deductions from your adjusted gross income.

The standard deduction will also increase in 2026, going from $31,500 in 2025 to $32,200 for married couples filing jointly. can claim It rose from $15,750 to $16,100.

The IRS announcements come a day after the agency said it would furlough nearly half of its workforce due to the ongoing government shutdown.