On Thursday, Oct. 9, the IRS published tax year 2026 inflation adjustments for more than 60 tax provisions, including updated tax brackets and the 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. The standard deduction for heads of households is $24,150.
Additionally, for tax year 2025, the One Big Beautiful Bill Act 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. The standard deduction for heads of households is $23,625.
For tax year 2026, the top tax rate remains 37% for individual single taxpayers with incomes greater than $640,600 ($768,700 for married couples filing jointly). Read more.