Select Page

The tax rates and deduction amounts for the 2026 calendar year are listed below.

Federal ordinary income tax rates

Single taxpayers
If taxable income is between: The tax is:
                       $0 – 12,400 10% of taxable income
                 12,400 – 50,400 $1,240 + 12% of the amount over 12,400
                50,400 – 105,700 5,800 + 22% of the amount over 50,400
               105,700 – 201,775 17,966 + 24% of the amount over 105,700
               201,775 – 256,225 41,024 + 32% of the amount over 201,775
              256,225 – 640,600 58,448 + 35% of the amount over 256,225
             640,600 and above 192,979.25 + 37% of the amount over 640,600
Married filing jointly or Surviving Spouses
If taxable income is between: The tax is:
                      $0 – 24,800 10% of taxable income
               24,800 – 100,800 $2,480 + 12% of the amount over 24,800
              100,800 – 211,400 11,600 + 22% of the amount over 100,800
              211,400 – 403,550 35,932 + 24% of the amount over 211,400
             403,550 – 512,450 82,048 + 32% of the amount over 403,550
             512,450 – 768,700 116,896 + 35% of the amount over 512,450
            768,700 and above 206,583.5 + 37% of the amount over 768,700
Head of household
If taxable income is between: The tax is:
                      $0 – 17,700 10% of taxable income
                 17,700 – 67,450 $1,770 + 12% of the amount over 17,700
               67,450 – 105,700 7,740 + 22% of the amount over 67,450
              105,700 – 201,750 16,155 + 24% of the amount over 105,700
             201,750 – 256,200 39,207 + 32% of the amount over 201,750
            256,200 – 640,600 56,631 + 35% of the amount over 256,200
           640,600 and above 191,171 + 37% of the amount over 640,600
Married filing separately
If taxable income is between: The tax is:
                      $0 – 12,400 10% of taxable income
                12,400 – 50,400 $1,240 + 12% of the amount over 12,400
               50,400 – 105,700 5,800 + 22% of the amount over 50,400
               105,700 – 201,775 17,966 + 24% of the amount over 105,700
              201,775 – 256,225 41,024 + 32% of the amount over 201,775
             256,225 – 384,350 58,448 + 35% of the amount over 256,225
           384,350 and above 103,291.75 + 37% of the amount over 384,350

Basic standard deduction

Single Married filing jointly and SS Head of household Married filing separately
$16,100 $32,200 $24,150 $16,100

Each additional standard deduction (65 or over or blind):

Single Married filing jointly and SS Head of household Married filing separately
$2,050 $1,650 $2,050 $1,650

FICA (employment tax)

Employer-side Social Security 6.2% on first $183,600 (projected)
Employer-side Medicare 1.45% uncapped
Employee-side Social Security 6.2% on first $183,600 (projected)
Employee-side Medicare 1.45% uncapped
Employee-side Additional Medicare 0.9% above $200K (single)/$250K (MFJ)
Total on first $183,600 7.65% employer/7.65% employee

SECA (self-employment tax)

Social Security 12.4% on first $183,600 (projected)
Medicare 2.9% uncapped
Additional Medicare 0.9% above $200K (single)/$250K (MFJ)
Total on first $183,600 15.3%

Capital Gains Rates

The tax rate is 0%, 15%, or 20% depending on the amount of adjusted net taxable gain as shown below. 

Single taxpayers
            $0 – 49,450    0%
    49,450 – 545,500   15%
       Above 545,500   20%
Married filing jointly or SS
           $0 – 98,900    0%
   98,900 – 613,700   15%
       Above 613,700   20%
Head of household
           $0 – 66,200    0%
   66,200 – 579,600   15%
      Above 579,600   20%
Married filing separately
          $0 – 49,450    0%
  49,450 – 306,850   15%
      Above 306,850   20%

Alternative Minimum Tax Exemption Amount 

Single Married filing jointly and SS Head of household Married filing separately
$90,100 $140,200 $90,100 $70,100

For 2026, a taxpayer’s AMT is initially determined as the sum of 26% of the first $244,500 (or $122,250, in the case of married taxpayers filing separately) of alternative minimum tax income (AMTI) in excess of the allowable exemption amount and 28% of any additional AMTI.

Gift Tax Exclusion

The annual exclusion in 2026 for gift tax purposes is $19,000, meaning you can gift $19,000 to as many people as you want without any federal gift tax consequences. If you split your gift with your spouse, the amount is $38,000 per person.

Mike Baker frequently advises with respect to tax rates. He possesses a breadth and depth of experience in tax and employee benefits & compensation law that spans multiple decades. For additional information, please contact mike@mbakertaxlaw.com.