IRS Unveils 2026 Tax Adjustments: Inflation-Driven Increases to Put More Money Back in Taxpayers' Pockets
The Internal Revenue Service has announced its annual inflation adjustments for the 2026 tax year, featuring higher standard deductions, expanded tax brackets, and a modest rise in the SALT deduction cap. While the changes are incremental, financial experts say proactive planning could yield meaningful savings for many households when filing in 2027.