2026 Standard Deduction Amounts Announced by IRS: What You Need to Know
The Internal Revenue Service (IRS) has released the standard deduction amounts for the 2026 tax year, and they’re higher than ever. As a result, taxpayers will have more money to claim on their tax returns without needing to itemize deductions. Standard Deduction Amounts for 2026 The standard deduction amounts for 2026 are as follows ¹:…