YOUR 2026 TAXES CHANGED! IRS Reveals BIG New Brackets!
Did you know your tax bill could look very different in 2026? The IRS has announced significant updates, raising federal income tax brackets and standard deductions. Importantly, income thresholds for each bracket have been boosted, affecting tax year 2026 for returns filed in 2027. Furthermore, other key provisions, including long-term capital gains brackets and earned income tax credit eligibility, have also seen increases. For example, the top 37% rate now applies to individuals with taxable income above $640,600, potentially shifting who pays the highest rate. To stay ahead of these crucial financial changes and prepare for your future, make sure to subscribe to our channel!
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