19
Nov
By Tony Gutierrez, Director of Tax Services, Berkowitz Pollack Brant
The IRS released the annual inflation adjustments to more than 60 provisions of the tax code. Taxpayers will use these figures when filing their 2026 federal income tax returns in 2027.
Income Tax Rates
The income individuals use to determine how much tax they pay each year increases in 2026. However, unless taxpayers’ income rises significantly from the prior year, they will likely remain in the same tax bracket.
• 37% for income...