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 $17,700

12%

$17,700 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 Amounts

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 and certain intelligence community members)

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 $49,450 for single filers, $98,900 for married filing jointly

0%

Maximum capital gains tax rate for taxpayers with income $49,450 to $545,500 for single filers, $98,900 to $613,700 for married filing jointly

15%

Maximum capital gains tax rate for taxpayers with income above $545,500 for single filers, $613,700 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

2026 Standard Meal Rates for Family Child Care Providers for income tax returns