WORLD OF ACCOUNTANTS - 2026 FEDERAL TAX REFERENCE
Study reference only. Tax law changes. Verify the current IRS instructions, revenue procedures, and applicable facts before preparing a return or advising a client.

SOURCE
IRS, IR-2025-103: https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill
These amounts generally apply to tax year 2026 returns filed in 2027.

STANDARD DEDUCTION
Single or married filing separately: $16,100
Married filing jointly or surviving spouse: $32,200
Head of household: $24,150

2026 ORDINARY INCOME RATE THRESHOLDS
The rate applies in layers. Moving into a higher bracket does not apply that rate to all taxable income.

Single taxpayers
10%: taxable income not over $12,400
12%: over $12,400 to $50,400
22%: over $50,400 to $105,700
24%: over $105,700 to $201,775
32%: over $201,775 to $256,225
35%: over $256,225 to $640,600
37%: over $640,600

Married filing jointly and surviving spouses
10%: taxable income not over $24,800
12%: over $24,800 to $100,800
22%: over $100,800 to $211,400
24%: over $211,400 to $403,550
32%: over $403,550 to $512,450
35%: over $512,450 to $768,700
37%: over $768,700

OTHER SELECTED 2026 AMOUNTS
AMT exemption, unmarried individuals: $90,100; phaseout begins at $500,000.
AMT exemption, married filing jointly: $140,200; phaseout begins at $1,000,000.
Basic estate tax exclusion amount: $15,000,000.
Annual gift exclusion: $19,000 per donee.
Foreign earned income exclusion: $132,900.

EXAM REMINDER
Always identify the tax year, filing status, type of income, basis, limitation, and whether the question asks for realized, recognized, taxable, or deductible amounts.