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Tax Rates

2026 Tax Rates - Single Taxpayers Standard Deduction $16,100

10%              0 to $12,400

12%              $12,400 to $50,400

22%              $50,400 to $105,700

24%              $105,700 to $201,775

32%              $201,775 to $256,225

35%              $256,225 to $640,600

37%              Over $640,600

2026 Tax Rates - Married Jointly & Surviving Spouses Standard Deduction $32,200

10%             0 to $24,800

12%             $24,800 to $100,800

22%             $100,800 to $211,400

24%             $211,400 to $403,550

32%             $403,550 to $512,450

35%             $512,450 to $768,700

37%             Over $768,700

2026 Tax Rates - Married Filing Separately Standard Deduction $16,100

10%            0 to $12,400

12%            $12,400 to $50,400

22%            $50,400 to $105,700

24%            $105,700 to $201,775

32%            $201,775 to $256,225

35%            $256,225 to $384,350

37%            Over $384,350

2026 Tax Rates - Head of Household Standard Deduction $24,150

10%            0 to $17,000

12%            $17,000 to $67,450

22%            $67,450 to $105,700

24%            $105,700 to $201,750

32%            $201,750 to $256,200

35%            $256,200 to $640,600

37%            Over $640,600

2026 Tax Rates - Estates & Trusts

10%            0 to $3,300

24%            $3,300 to $11,700

35%            $11,700 to $16,000

37%            Over $16,000

 

2026 Social Security                                         2026 Tax Rates

Social Security Tax Rate: Employers                            6.2%

Social Security Tax Rate: Employees                           6.2%

Social Security Tax Rate: Self-Employed                     12.4%

Maximum earnings subject to Social Security tax        $184,500

Maximum earnings subject to Medicare tax                Unlimited

Medicare Tax Rate: Employers                                    1.45%

Medicare Tax Rate: Employees                                   1.45%

Medicare tax rate: Self-employed                                2.9%

Additional Medicare tax on FICA wages and

self-employment income above $200,000

(single filers) or $250,000 (joint filers)                          0.9%

Net investment income tax on taxpayers

with modified adjusted gross income (MAGI)

exceeding $200,000 (single filers) or

$250,000 (joint filers)                                                    3.8%

 

2026 Miscellaneous                                               2026 Tax Rates

Business Section 179 expensing limit                         $2,560,000

Business Section 179 phaseout threshold                   $4,090,000

First-year bonus depreciation rate                               100%

Income threshold after which the Section 199A

(qualified business income) deduction for

pass-through entities may begin to phase out             $201,750 (single and head of household); $403,500                                                                                         (married filing jointly)

Qualified small-employer

Health Reimbursement Arrangement limit                   $6,450 (single coverage); $13,100 (family coverage)

Prior-year safe harbor for estimated taxes

of higher-income taxpayers                                         110% of 2025 tax liability

Standard mileage rate for business driving                  72.5 cents

Standard mileage rate for medical driving                    20.5 cents

Standard mileage rate for moving driving

(only members of the Armed Forces on active

duty who move because of a permanent

change of station)                                                        20.5 cents

Standard mileage rate for charitable driving                 14 cents

Child Tax Credit (per child under age 17

at the end of the tax year)                                             $2,200

Unearned income maximum for children under

19 before kiddie tax applies                                         $1,350

Maximum capital gains tax rate for taxpayers

with income up to $48,350 for single filers,

$96,700 for married filing jointly                                            0%

Maximum capital gains tax rate for taxpayers

with income $48,350 to $533,400 for single

filers, $96,700 to $600,050 for married filing jointly                 15%

Maximum capital gains tax rate for taxpayers with

income above $533,400 for single filers,

$600,050 for married filing jointly                                            20%

Capital gains tax rate for unrecaptured Sec. 1250 gains         25%

Capital gains tax rate on collectibles                                       28%

Maximum contribution for Traditional/Roth IRA                 $7,500 if under age 50 / $8,600 if 50 or older

Maximum employee contribution to SIMPLE IRA               $17,000 if under age 50 / $21,000 if 50 or older +                                                                                             $1,250 if age 60, 61, 62 or 63

Maximum contribution to SEP IRA                                     25% of eligible compensation up to $72,000

 

2026 Education                                                                  2026 Limits

American Opportunity Credit (per student)                                $2,500

Lifetime Learning Credit (per return)                                          $2,000

Student Loan Interest Deduction (per return)                             $2,500

Coverdell Education Savings Account Contribution

(per student)                                                                             $2,000

 

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