IRS announces 2026 tax changes, including new brackets and credits

📊 2026 Tax Changes Are Here—What’s Different? The IRS just released the official 2026 tax brackets and inflation adjustments. Between expanded standard deductions and boosted credits, there’s a lot to unpack—especially with the One Big Beautiful Bill (OBBBA) now in effect. ✔ New tax bracket thresholds ✔ Increased standard deduction amounts ✔ Major estate and gift tax updates ✔ Enhanced employer credits and benefits ✔ Key items that didn’t change Whether you're advising clients or planning ahead, now’s the time to get familiar. 👉 Read the full breakdown: https://hubs.ly/Q03N8f4M0 #IRS #TaxUpdate #CPAs #OBBBA #TaxPlanning #AccountingNews

The Internal Revenue Service has issued its annual inflation adjustments for more than 60 tax provisions, including with respect to amendments made under the One Big Beautiful Bill Act. The adjustments apply for 2026 and will be reflected on returns filed in 2027. Read more: https://ow.ly/7xXO50X9K8m ✍️ Ted Godbout #TaxUpdates #IRSAdjustments #InflationAdjustment

IRS Releases 2026 Tax Bracket and Deduction Updates The IRS has announced new federal income tax brackets and standard deductions for 2026, adjusted for inflation. Key changes: • Top tax rate: 37% for individuals earning over $640,600 and joint filers over $768,700 • Standard deduction: $32,200 (joint) | $16,100 (single) • Adjustments to long-term capital gains brackets, estate and gift tax exemptions, and EITC eligibility This update follows news that the IRS will furlough nearly half of its workforce due to the ongoing government shutdown a move that could affect taxpayer services. Now’s the time to review your 2025 tax strategy and plan ahead for these changes. Join here for free tax tips: 👉 https://lnkd.in/eQdEarnh #IRSTaxUpdate #TaxBrackets2026 #StandardDeduction #TaxPlanning #TaxNews

The Internal Revenue Service has issued its annual inflation adjustments for more than 60 tax provisions, including with respect to amendments made under the One Big Beautiful Bill Act. The adjustments apply for 2026 and will be reflected on returns filed in 2027. Read more: https://ow.ly/WhAu50X9KvG ✍️Ted Godbout #TaxUpdates #IRSAdjustments #InflationAdjustment

The Internal Revenue Service has issued its annual inflation adjustments for more than 60 tax provisions, including with respect to amendments made under the One Big Beautiful Bill Act. The adjustments apply for 2026 and will be reflected on returns filed in 2027. Read more: https://ow.ly/7xXO50X9K8m ✍️Ted Godbout #TaxUpdates #IRSAdjustments #InflationAdjustment

💰 Big Tax Changes Are Coming in 2026 — Here’s What You Need to Know Tax brackets are shifting again in 2026, and the impact could be significant for individuals, families, and business owners. My latest article for DAVRON breaks down: ✅ How the new 2026 tax brackets will affect your income ✅ What happens when parts of the 2017 Tax Cuts and Jobs Act expire ✅ Key planning steps to minimize your tax burden before changes take effect Now’s the time to review your financial strategy before these updates hit. 📖 https://lnkd.in/eM_fqYGP #TaxPlanning #Finance #2026TaxBrackets #WealthManagement

This Tax Confusion Could Be Costing You Money — a CFP Explains How To Fix It When it comes to tax planning, the jargon alone is enough to trip you up. Tax deduction. Tax credit. Potato. Poh-ta-toe. Right? Not so fast. They sound similar, but the difference between them is anything but small. While it’s easy to mix the two up, understanding how they work now — before tax season begins https://lnkd.in/gs83wq_u

Tax changes move fast. Staying compliant shouldn't slow you down. The Avalara Tax Changes Midyear Update breaks down what’s changed and what’s next: https://ow.ly/hKaU50WVFeF #taxcompliance #retail

The IRS has published Revenue Procedure 2025-32, announcing the official inflation adjustments for tax year 2026. Key highlights: - Standard deduction increases to $16,100 (single) and $32,200 (joint) - Updated income tax brackets prevent bracket creep - Estate and gift tax exclusion rises to $14.52 million - Adoption credit, AMT, and EIC amounts also increase These updates affect tax planning, payroll, and withholding strategies for 2026. Firms and advisors should begin recalibrating client projections and year-end planning models. Full details: https://lnkd.in/dD3SNZsG

Are You Prepared for the 2026 Tax Changes? The Tax Cuts and Jobs Act (TCJA) is set to expire at the end of 2025, which will trigger a significant shift in federal income tax brackets. This means most taxpayers could face higher rates and a lower standard deduction in 2026. Proactive planning is essential to navigate these changes effectively. Our latest article breaks down the projected 2026 tax brackets and explains what these changes could mean for your financial future. How are you advising your clients or adjusting your own financial strategy in preparation for these upcoming tax hikes? https://lnkd.in/gCHCykEb #TaxPlanning #TCJA #2026Taxes #TaxBrackets #FinancialStrategy