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Axios

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IRS releases 2026 tax brackets and higher tax deductions for 2025, 2026 tax years

IRS Tax Deduction Internal Revenue Service Income Tax Inflation Social Security

Data: IRS; Chart: Axios Visuals

The Internal Revenue Service on Thursday announced the annual inflation adjustments for more than 60 tax provisions — including income tax brackets, standard deductions and credits — for the 2026 tax year.

Why it matters: The changes, which apply to 2026 tax returns filed in 2027, include several tweaks from the "big beautiful bill."

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