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New 2026 tax brackets are here: What higher thresholds and a bigger standard deduction mean for paychecks and the top 1%

Fortune•Friday, October 10, 2025 at 3:30:49 PM
PositiveFinancial Markets
New 2026 tax brackets are here: What higher thresholds and a bigger standard deduction mean for paychecks and the top 1%
The IRS has announced the finalized tax brackets and standard deductions for 2026, which is great news for many taxpayers. By raising the thresholds, the new brackets will help alleviate bracket creep, allowing most filers to keep more of their hard-earned money. While the top rate of 37% remains for higher incomes, the adjustments are a positive step towards a fairer tax system, especially under the One Big Beautiful Bill. This change is significant as it directly impacts paychecks and financial planning for millions.
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