Indexed Tax Tables for 2026
The federal tables below include the values applicable when determining federal taxes for 2026. They are published in Revenue Procedure 2025-32. The QCD limits for 2026 are published in IRS Notice 2025-67.
Standard Deduction
| Married filing jointly and surviving spouses | Head of Household | Married Filing Separately | Single |
|---|---|---|---|
| $32,200 | $24,150 | $16,100 | $16,100 |
Single filers age 65 or older who are unmarried and not surviving spouses may increase their standard deduction by $2,050. Other filers may increase their standard deduction by $1,650 for each spouse age 65 or older. The same increases are available for filers who are legally blind.
New in 2026, there is a separate $6,000 deduction available to filers age 65 or older ($12,000 for couples 65 or older who file jointly). This deduction is available whether the taxpayer takes the standard deduction or itemizes their deductions. It is phased out by 6% of the amount by which the taxpayer’s modified adjusted gross income exceeds $75,000 ($150,000 for joint filers).
Federal Income Tax Schedules
Married Filing Jointly and Surviving Spouses
| Taxable Income* | Tax | % on Excess |
|---|---|---|
| $0 | $0 | 10 |
| 24,800 | 2,480 | 12 |
| 100,800 | 11,600 | 22 |
| 211,400 | 35,932 | 24 |
| 403,550 | 82,048 | 32 |
| 512,450 | 116,896 | 35 |
| 768,700 | 206,583.50 | 37 |
* Taxable income is equal to gross income minus deductions.
Example: John and Joan Smith, a married couple who file jointly, have gross income of $250,000 in 2026. They claim a standard deduction because they lack sufficient itemized deductions. Their taxable income is $217,800: $250,000 - $32,200 standard deduction. Their tax is $37,468: $35,932 + .24 x ($217,800 - $211,400).
Heads of Households
| Taxable Income* | Tax | % on Excess |
|---|---|---|
| $0 | $0 | 10 |
| 17,700 | 1,770 | 12 |
| 67,450 | 7,740 | 22 |
| 105,700 | 16,155 | 24 |
| 201,750 | 39,207 | 32 |
| 256,200 | 56,631 | 35 |
| 640,600 | 191,171 | 37 |
* Taxable income is equal to gross income minus deductions.
Example: Joan Smith, who files as a head of household, has gross income of $120,000 in 2026. She has no dependents and claims a standard deduction because she lacks sufficient itemized deductions. Her taxable income is $95,850: $120,000 - $24,150 standard deduction. Her tax is $13,988: $7,740 + .22 x ($95,850 - $67,450).
Single Individuals
| Taxable Income* | Tax | % on Excess |
|---|---|---|
| $0 | $0 | 10 |
| 12,400 | 1,240 | 12 |
| 50,400 | 5,800 | 22 |
| 105,700 | 17,966 | 24 |
| 201,775 | 41,024 | 32 |
| 256,225 | 58,448 | 35 |
| 640,600 | 192,979.25 | 37 |
* Taxable income is equal to gross income minus deductions.
Example: Joan Smith, a single individual, has gross income of $110,000 in 2026. She has no dependents and claims a standard deduction because she lacks sufficient itemized deductions. Her taxable income is $93,900: $110,000 - $16,100 standard deduction. Her tax is $15,370: $5,800 + .22 x ($93,900 - $50,400).
Married Individuals Filing Separately
| Taxable Income* | Tax | % on Excess |
|---|---|---|
| $0 | $0 | 10 |
| 12,400 | 1,240 | 12 |
| 50,400 | 5,800 | 22 |
| 105,700 | 17,966 | 24 |
| 201,775 | 41,024 | 32 |
| 256,225 | 58,448 | 35 |
| 384,350 | 103,291.75 | 37 |
* Taxable income is equal to gross income minus deductions.
Example: Joan Smith, who is married and files separately from her husband, has gross income of $120,000 in 2026. She has no dependents and claims a standard deduction because she lacks sufficient itemized deductions. Her taxable income is $103,900: $120,000 - $16,100 standard deduction. Her tax is $17,570: $5,800 + .22 x ($103,900 - $50,400).
Estates and Trusts
| Taxable Income* | Tax | % on Excess |
|---|---|---|
| 0 | $0 | 10 |
| 3,300 | 330 | 24 |
| 11,700 | 2,346 | 35 |
| 16,000 | 3,851 | 37 |
* Taxable income is equal to gross income minus deductions.
Federal Capital Gains Tax Table
January 1, 2026 - December 31, 2026
| Seller Had Owned the Asset for 1 Year or More | Taxpayer Filing Status | |||
|---|---|---|---|---|
| Married Filing Jointly and Surviving Spouses | Head of Household | Single | Married Filing Separately | |
| 0% rate | <$98,900 | <$66,200 | <$49,450 | <$49,450 |
| 15% rate | $98,900-$613,700 | $66,200 -$579,600 | $49,450-$545,500 | $49,450-$306,850 |
| 20% rate (a) | >$613,700 | >$579,600 | >$545,500 | >$306,850 |
| Seller Had Owned the Asset for Less than 1 Year | Seller pays same tax rate as on earned income. | |||
Note: The rate is 28% for long-term gains from sales of art works and other collectibles.
(a) Tax on capital gain will include the 3.8% net investment income tax when the seller’s MAGI exceeds the applicable threshold ($250,000 if married filing jointly, $200,000 if a single filer or head of household filer, $125,000 if married filing separately). This tax is likely to apply to sellers in the 20% capital gain tax bracket, which would increase their effective rate to 23.8%. It will also apply to many sellers in the 15% bracket.
Applicable Gift and Estate Tax Credit
| Amount of Credit | Amount of Exemption Equivalent |
|---|---|
| $5,945,800 | $15,000,000 |
Annual Gift Tax Exclusion
The annual gift tax exclusion for 2026 is $19,000.
Generation Skipping Tax Lifetime Exemption
The generation skipping tax lifetime exemption for 2026 is $15,000,000.
QCD Limits
| QCD Type | Limit in 2026 |
|---|---|
| Annual limit on outright gifts | $111,000 |
| One-time limit* on life income gifts | $55,000 |
* A donor can use QCDs to fund life income gifts in one tax year only. The donor can fund more than one life income gift in that year, so long as the total of all QCDs of this kind are no greater than the limit on life income gifts shown in the table. QCDs that fund life income gifts count toward the annual limit on outright gifts.
