Tax Rates
Tax Rates
Here is the list, but please check IRS.gov to make sure all are up to date:
Tax Rates 2026
| Tax Rate | For Single Filers | For Married Individuals Filing Joint Returns | For Heads of Households |
|---|---|---|---|
| 10% | $0 to $16,100 | $0 to $32,200 | $0 to $17,700 |
| 12% | $12,400 to $50,400 | $24,800 to $100,800 | $17,700 to $67,450 |
| 22% | $50,400 to $105,700 | $96,950 to $206,700 | $67,450 to $ 105,700 |
| 24% | $105,700 to $201,775 | $211,400 to $ 403,550 | $105,700 to $ 201,750 |
| 32% | $201,775 to $256,225 | $403,550 to $ 512,450 | $201,750 to $ 256,200 |
| 35% | $256,225.00 to $640,600 | $512,450 to $ 768,700 | $256,200 to $ 640,600 |
| 37% | $640,600 or more | $768,700 or more | $640,600 or more |
| Source: Internal Revenue Service | |||
| For Unmarried Individuals, Taxable Income Over | For Married Individuals Filing Joint Returns, Taxable Income Over | |||
|---|---|---|---|---|
| 0% | $0 | $0 | $0 | |
| 15% | $49,450 | $98,900 | $66,200 | |
| 20% | $545,500 | $613,700 | $579,600 | |
| Source: Internal Revenue Service | ||||
| Filing Status | Deduction Amount |
|---|---|
| Single | $16,100 |
| Married Filing Jointly | $32,200 |
| Head of Household | $24,150 |
| Filing Status | Exemption Amount |
|---|---|
| Unmarried Individuals | $90,100 |
| Married Filing Jointly | $140,200 |
| Source: Internal Revenue Source | |
| Filing Status | Exemption Amount |
|---|---|
| Unmarried Individuals | $500,000 |
| Married Filing Jointly | $1,000,000 |
| Source: Internal Revenue Source | |
| Filing Status | No Children | One Child | Two Children | Three or More Children | |
|---|---|---|---|---|---|
| Single or Head of Household | Income at Max Credit | $8,680 | $13,020 | $18,290 | $18,290 |
| Maximum Credit | $664 | $4,427 | $7,316 | $8,231 | |
| Phaseout Begins | $10,860 | $23,890 | $23,890 | $23,890 | |
| Phaseout Ends (Credit Equals Zero) | $19,540 | $51,593 | $58,629 | $62,974 | |
| Married Filing Jointly | Income at Max Credit | $8,680 | $13,020 | $18,290 | $18,290 |
| Maximum Credit | $664 | $4,427 | $7,316 | $8,231 | |
| Phaseout Begins | $18,140 | $31,160 | $31,160 | $31,160 | |
| Phaseout Ends (Credit Equals Zero) | $26,820 | $58,863 | $65,899 | $70,224 | |
| Source: Internal Revenue Service | |||||
| Filing Status | Threshold | |
|---|---|---|
| Unmarried Individuals | $201,775 | $276,775 |
| Married Filing Jointly | $403,500 | $553,500 |
| Source: Internal Revenue Service | ||
Annual Exclusion for Gifts
In 2026, the first $19,000 of gifts to any person is excluded from tax, remaining the same as in 2025. The exclusion is increased to $194,000 from $190,000 for gifts to spouses who are not citizens of the United States.
Child Tax Credit
The maximum child tax credit (CTC) in both 2025 and 2026 is $2,200 per qualifying child and will be adjusted for inflation moving forward. The OBBBA made the underlying expanded CTC from the TCJA permanent, increased the maximum CTC up from $2,000, and introduced the inflation adjustment.
The refundable portion of the child tax credit is adjusted for inflation and will remain at $1,700 for 2026.