The IRS today released its TY 2026 adjusted rates for the Standard Deduction and Tax Brackets, including changes under the One Big Beautiful Bill (OBBB) for TY 2025.
As noted below, TY 2026 adjustments described below generally apply to tax returns filed in 2027. Per the IRS, “the tax items for tax year 2026 of greatest interest to most taxpayers include the following dollar amounts:
- Standard Deduction. For tax year 2026, the standard deduction increases to $32,200 for married couples filing jointly. For single taxpayers and married individuals filing separately, the standard deduction rises to $16,100 for tax year 2026, and for heads of households, the standard deduction will be $24,150.
(Additionally, for tax year 2025, the OBBB raises the standard deduction amount to $31,500 for married couples filing jointly. For single taxpayers and married individuals filing separately, the standard deduction for 2025 is $15,750, and for heads of households, the standard deduction is $23,625.)”
For more information, read the release at https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill.
Source: IRS.gov
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