8. April 2026

Federal Tax Bracket Info:

The seven federal tax brackets (10%, 12%, 22%, 24%, 32%, 35%, and 37%) are now permanent, with income thresholds adjusted for inflation.

The standard deduction increased for 2025 and 2026, and a new temporary “bonus” deduction for adults 65 and older begins in 2025.

The child tax credit increased to $2,200 for the 2025 and 2026 tax years; retirement plan contribution limits for IRAs and 401(k)s also increased for 2026.

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