WASHINGTON — The Internal Revenue Service announced this week that Americans will see modest increases in standard deductions and tax bracket thresholds for 2026, part of the agency's annual inflation adjustments.

The adjustments will apply to tax returns filed in 2027. Here's what to know.

Standard deduction

The standard deduction will rise to $32,200 for married couples filing jointly in tax year 2026, up from $31,500 in 2025. The Trump-led " One Big Beautiful Bill " tax package passed earlier this year increased the 2025 standard deduction for taxes that will be filed in the upcoming tax season early next year.

Single filers and married individuals filing separately will see their standard deduction increase to $16,100, while heads of household can claim $24,150.

IRS tax br

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