General information only. Not tax, legal or investment advice. A planning idea named here is not a recommendation for any person. Prem Tax and Accounting Corp is a CPA firm, not a law firm. Tax rules change often and figures are for the tax year shown: confirm with the official source or a qualified adviser before you act. Read the full notice. Book a 10-minute call.

Current Topics

The 2026 tax numbers, all on one page

Brackets, the standard deduction, the new deductions and the savings limits for tax year 2026, each with its source and a note on what the IRS has not yet announced for 2027.

Prepared by Prem Tax and Accounting Corp. Last reviewed November 6, 2026. Figures as of November 6, 2026.

Here are the 2026 tax figures most families and small business owners need. Tax year 2026 is the year you report in 2027, and every amount carries its source. The Pocket-Card Number Habit keeps them straight. See also our 2026 brackets page and Important for 2026.

At a glance

The seven rates, 10 to 37 percent, have no end date. Only the bracket amounts move with inflation.
The 2026 standard deduction is $16,100 for single filers, $32,200 for joint filers and $24,150 for heads of household.
The senior, tips, overtime and car-loan deductions cover tax years 2025 to 2028 only.
The IRS had not announced 2027 retirement limits as of November 6, 2026.

2026 tax brackets

Each figure is the top of a bracket, in taxable income. The 37% rate applies above $640,600 (single) and $768,700 (joint). Source: Revenue Procedure 2025-32, section 4.01.

Filing status	Tops of the 10%, 12% and 22% brackets	Tops of the 24%, 32% and 35% brackets
Single	$12,400; $50,400; $105,700	$201,775; $256,225; $640,600
Married filing jointly	$24,800; $100,800; $211,400	$403,550; $512,450; $768,700

Deductions, credits and limits for 2026

Income in the senior and SALT rows means modified adjusted gross income (MAGI): adjusted gross income plus some add-backs.

Item	2026 figure	Source
Senior deduction	$6,000 per person, reduced by 6 cents for each dollar of income above $75,000 ($150,000 joint)	Public Law 119-21, sec. 70103
State and local tax (SALT) cap	$40,400, cut by 30% of income over $505,000, with a $10,000 floor	Public Law 119-21, sec. 70120
Charity deduction without itemizing	$1,000 ($2,000 joint)	Public Law 119-21, sec. 70424
0% rate on long-term gains, up to taxable income of	$49,450 single; $98,900 joint	Rev. Proc. 2025-32
401(k) deferral; IRA	$24,500 (catch-up $8,000); $7,500 (catch-up $1,100)	Notice 2025-67
HSA, self-only; family	$4,400; $8,750	Rev. Proc. 2025-19
Gift exclusion; estate exclusion	$19,000 per person; $15,000,000	Rev. Proc. 2025-32

The yearly limit on the state and local tax deduction Dollars; single or joint filers

Tax year 2025$40,000

Tax year 2026$40,400

Tax year 2027, computed$40,804

Tax year 2030 and later$10,000

Source: Public Law 119-21 sec. 70120; the 2027 figure is our arithmetic

An invented example

A single filer has $120,000 of taxable income in 2026. The tax is $17,966 plus 24 percent of the amount over $105,700: $17,966 + $3,432 = $21,398.

What changes each year

The IRS resets brackets, the standard deduction, gain breakpoints, gift and estate amounts, and the Section 179 and 199A figures each fall (2026 set: October 9, 2025; 2027 set: November 5, 2026). Retirement limits usually follow in November. The senior, tips, overtime, car-loan and charity amounts are set by law.

The Pocket-Card Number Habit

Write the tax year next to every number.
Copy the source beside it.
Keep only your own figures: your bracket, deduction and limits.
Mark anything the IRS has not published as an estimate.
Redo the card each November with the 2027 figures.

Common questions

Did the tax rates change for 2026?

No. The rates stay 10 to 37 percent, but the brackets grew: a joint filer's 12 percent bracket now ends at $100,800, against $96,950 a year earlier.

What are the 2027 401(k) and IRA limits?

They had not been announced as of November 6, 2026. Last year the IRS announced the 2026 limits on November 13, 2025.

Is the SALT cap still $10,000?

Not for 2026. The cap is $40,400, shrinks above $505,000 of income and returns to $10,000 in 2030.

Official sources

Keep reading

Please read: general information only

This page gives general information and education about current federal and state tax topics, including recent legislation, planning ideas, retirement and annuity rules, and court decisions. It is not tax, legal, accounting, investment, insurance or other professional advice, and it is not a substitute for advice from a qualified CPA, attorney or other adviser who knows your facts. Reading it does not create a CPA-client or any other professional relationship with Prem Tax and Accounting Corp. Prem Tax and Accounting Corp is a CPA firm, not a law firm. It does not sell insurance or investment products, and it does not recommend, rate or sell any annuity, fund or other product. A planning idea, a strategy name or an example here is not a recommendation to take or avoid any action.

Tax rules, thresholds, rates and deadlines change often, and Congress, the IRS, the courts and the states change how they apply them. Guidance on recent legislation is still being issued. We checked the figures against the official sources named on the page on the date shown (last reviewed November 6, 2026), but we do not promise that this page is complete, current or free of errors, and we do not update it the moment a rule changes. Where the rules are unsettled or guidance is still pending we say so. Amounts for a future year are labelled planning figures until the IRS or another agency publishes them. Examples use invented numbers and are for illustration only.

To the fullest extent the law allows, Prem Tax and Accounting Corp and its owners and staff are not responsible for any loss or decision that results from using this page. Links to government and other websites are for convenience and we do not control them.

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Questions about how the new tax law or your year-end moves apply to you? Keshav Agrawal is a U.S. CPA and a Chartered Accountant (CA) from India. We prepare U.S. and Illinois returns, plan with you, and work alongside your financial adviser, insurance agent or attorney. We sell no investment or insurance products. Book a 10-minute call or send us a message.

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