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TaxesIRS Sets 2026 Tax Brackets and Raises Standard Deduction Under New LawMortgage & Housing30-Year Fixed Mortgage Rate Hits 6.66%, Its Highest Level in Nearly a YearDebtStudent Loan Defaults Reach 9 Million Borrowers After Single-Quarter Jump of 1.3 MillionEconomyFederal Reserve Holds Rates for Fifth Straight Meeting, One Cut Still Expected by Year-EndRetirementSocial Security's Full Retirement Age Is Now 67 for Everyone Born in 1960 or LaterTaxesIRS Sets 2026 Tax Brackets and Raises Standard Deduction Under New LawMortgage & Housing30-Year Fixed Mortgage Rate Hits 6.66%, Its Highest Level in Nearly a YearDebtStudent Loan Defaults Reach 9 Million Borrowers After Single-Quarter Jump of 1.3 MillionEconomyFederal Reserve Holds Rates for Fifth Straight Meeting, One Cut Still Expected by Year-EndRetirementSocial Security's Full Retirement Age Is Now 67 for Everyone Born in 1960 or Later
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Today’s Lead Story
Thursday, August 6

Taxes

IRS Sets 2026 Tax Brackets and Raises Standard Deduction Under New Law

via IRS

The IRS confirmed the 2026 standard deduction at $32,200 for married couples, $16,100 for single filers, and $24,150 for heads of household, updated for inflation and One Big Beautiful Bill Act changes. The new law also provides a temporary extra deduction of up to $6,000 for taxpayers aged 65 and older.

Why it matters

Knowing your updated standard deduction and brackets now lets you fine-tune payroll withholding or quarterly estimated payments before December to avoid a surprise tax bill.

See all today’s storiesRead source

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