2026 Federal Tax Brackets
The IRS has adjusted tax brackets for inflation in 2026. The seven marginal rates (10%, 12%, 22%, 24%, 32%, 35%, 37%) remain unchanged, but the income thresholds have shifted upward. Use our Tax Bracket Calculator to determine your effective rate.
Standard Deduction 2026
For 2026, the standard deduction is $15,000 for single filers, $22,500 for head of household, and $30,000 for married filing jointly. For most taxpayers, taking the standard deduction is simpler than itemizing — but if your qualified expenses exceed these thresholds, itemizing can reduce your tax bill.
Top Tax Deductions for Americans
- Mortgage Interest: Deduct interest on up to $750,000 of acquisition debt
- State and Local Taxes (SALT): Capped at $10,000 combined
- Charitable Contributions: Up to 60% of AGI for cash donations
- Medical Expenses: Amounts exceeding 7.5% of AGI
- HSA Contributions: Up to $4,300 (individual) / $8,600 (family)
Child Tax Credit 2026
The Child Tax Credit remains at $2,000 per qualifying child under 17, with up to $1,700 refundable through the Additional Child Tax Credit. Phaseout begins at $200,000 MAGI ($400,000 married filing jointly).
WealthGrid Hub is an independent research publisher. This guide is for educational purposes. Consult a CPA or tax professional for your specific situation.