Shocking IRS Update: New 2026 Tax Brackets Slashed for Millions – Here’s How Much You’ll Save
The IRS released 2026 tax brackets and deductions, raising the standard deduction to $32,200 for joint filers and $16,100 for singles. All income thresholds shift higher, with a single earner making $50,000 now taxed at 12% instead of 22%. Marginal rates remain at 10%–37%. The changes follow the “One Big Beautiful Bill” signed in July 2025, which made most 2017 tax cuts permanent.