Standard Deduction (2026)
Single: $16,100
Married Filing Jointly: $32,200
Head of Household: $24,150
2026 Federal Tax Changes
Additional Deduction (Age 65+)
Single: $2,050
Married: $1,650/spouse
Estate and Gift Tax
Estate Tax Exemption: $15 million per person
Annual Gift Exclusion: $19,000 per recipient
Health Savings Account (2026)
Individual: $4,400
Family: $8,750
Age 55+ Catch-up: $1,000/person
Bonus Senior Deduction
$6,000 per taxpayer age 65+ (up to $12,000 for a couple)
Phaseout begins at $75,000 MAGI (single) or $150,000 (joint)
Federal Tax Brackets (2026) |
|
| Single | Married Filing Jointly |
| 10% Less than $12,401 | 10% Less than $24,801 |
| 12% $12,401 to $50,400 | 12% $24,801 to $100,800 |
| 22% $50,401 to $105,700 | 22% $100,801 to $211,400 |
| 24% $105,701 to $201,775 | 24% $211,401 to $403,500 |
| 32% $201,776 to $256,225 | 32% $403,551 to $512,450 |
| 35% $256,226 to $640,600 | 35% $512,451 to $768,700 |
| 37% More than $640,000 | 37% More than $768,700 |
Retirement Contribution Limits (2026) |
|
| 401(k), 403(b), 457, and TSP | Traditional & Roth IRA |
| Employee Contribution: $24,500 | Contribution: $7,500 |
| Age 50+ Catch-up: $8,000 | Age 50+ Catch-up: $1,100 |
| Age 60 – 63 Super Catch-up: $11,250 | |
| Total (Employee + Employer): $72,000 | |
Roth IRA Contribution Phaseout (2026) |
|
| Single | Married Filing Jointly |
| Full Contribution: MAGI < $153,000 | Full Contribution: MAGI < $242,000 |
| Phaseout Range: $153,000 to $168,000 | Phaseout Range: $242,000 to $252,000 |
| No Contribution: MAGI > $168,000 | No Contribution: MAGI > $252,000 |
Traditional IRA Deductibility Phaseout (2026) |
|
| Single |
Married Filing Jointly |
| Full Deduction: MAGI < $81,000 | Full Deduction: MAGI < $242,000 |
| Phaseout Range: $81,000 to $91,000 (if covered by workplace plan) | Phaseout Range: $242,000 to $252,000 (if covered by a workplace plan) |
| No Deduction: MAGI > $91,000 | No Deduction: MAGI > $252,000 |
Long-Term Capital Gains Bracket (2026) |
||
| Single | Married Filing Jointly | Head of Household |
| 0% Less than $49,451 | 0% Less than $98,901 | 0% Less than $66,201 |
| 15% $49,451 to $545,500 | 15% $98,901 to $613,700 | 15% $66,201 to $579,600 |
| 20% More than $545,500 | 20% More than $613,700 | 20% More than $579,600 |
Note: If you are not covered by a workplace plan, you can deduct the full amount of your Traditional IRA contribution regardless of your Modified Adjusted Gross Income (MAGI).
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