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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe IRS quietly released new tax brackets for 2026. Some Americans will save thousands while others won't be so lucky
Even a government shutdown and the furlough of 34,000 employees at the Internal Revenue Service doesnt change the need to file your 2026 taxes.
The shutdown was big news. But right after the IRS announced employee furloughs (1), it released important news without much fanfare: updated tax brackets affecting every taxpayer in the U.S.
-snip-
For individual filers, these are the new income tax brackets:
10% tax bracket: $0$12,400
12% tax bracket: $12,401$50,400
22% tax bracket: $50,401$105,700
24% tax bracket: $105,701$201,775
32% tax bracket: $201,776$256,225
35% tax bracket: $256,225$640,600
37% tax bracket: $640,601 and up
https://finance.yahoo.com/news/irs-quietly-released-tax-brackets-200000886.html
TheBlackAdder
(29,878 posts)MichMan
(16,359 posts)OC375
(351 posts)Anyone making less than $200k shouldnt pay. The millionaires and billionaires have all our money and they own the system anyway. Let them pay.
WarGamer
(18,146 posts)MichMan
(16,359 posts)As long as someone else is paying them. Their own cherished deductions are sacrosanct while everyone else exploits loopholes.
OC375
(351 posts)See how much that covers, and we'll take it from there. They're good for 10x $15k a month guys each, and a whole crap ton of me's. That's all I ask....
WarGamer
(18,146 posts)The number of people making 150k x 12 = $1.8M per year in WORKING INCOME is TINY.
TONS of people make $180k a year.
And if you're talking about capital gains and the ways that the wealthy get paid... that's a different topic but also important.
Celerity
(53,179 posts)$16,100 for singles and married individuals filing separately
$24,150 for heads of household, and
$32,200 for married couples who file jointly.
The earned income tax credit is getting raised from $8,046 for the current tax year to $8,231 for families with at least three children in 2026. Older Americans could enjoy a bigger break in 2026 thanks to the new seniors tax deduction of $6,000 one of the tax changes outlined in Trumps One Big Beautiful Bill Act.
Igel
(37,210 posts)I was clearly in the 22% tax bracket last year. Officially.
I paid a bit more than 7% of my gross income in federal income taxes. Nowhere near 22%. After pre-tax stuff, retirement deductions, 45% of my gross was gone from my adjusted gross income. Then add in the standard deductions.
Making life easier was that I hit some magic age last year so a couple of categories of my property tax are frozen for as long as I own this house (and if I move, the freeze transfers, but I get the increased taxes on that house). And a set deduction in, I believe it is, the school tax ...? Or is it the property tax? (Doesn't matter--I get the bills and pay them, not like the choice isn't 'pay them' or 'take up renting'.)
DFW
(59,432 posts)The top income tax rate of 42% plus 5% solidarity supplement kicks in here at 68,480, or just under $80,000 net income. They look at our 22-24% and just drool with envy.
Health care and retirement are not part of this, they are financed separately. Education is partially paid, but the Germans have dozens of additional different little taxes to hit you with for the rest. A friend here said he starts working for himself around mid-October. The rest of the year he works for the government.