The IRS has announced inflation adjustments for more than 60 federal tax provisions for the 2026 tax year, including updated tax brackets, standard deductions, and key credit thresholds.
The adjustments, detailed in a document released on Oct. 9, reflect the IRS’s annual inflation indexing and include changes enacted under the One Big Beautiful Bill Act, signed into law in July by President Donald Trump. The new figures take effect for the 2026 tax year and will apply to returns filed in 2027.
