Legislative Reference
2026 Tax Updates
Everything you need to know about the One Big Beautiful Bill Act and 2026 tax updates, and how they affect your take-home pay.
Last updated: May 12, 2026
See How These Changes Affect Your Take-Home Pay
Free calculator with the latest 2026 brackets for all 50 states + NYC city tax.
Sources & Methodology
All tax data is sourced from official IRS publications, revenue procedures, and the text of the One Big Beautiful Bill Act (signed July 4, 2025). We cross-reference with the Tax Foundation, Congressional Research Service, and major tax advisory firms.
This page is updated monthly via automated research followed by manual review.
Disclaimer: This information is for educational purposes only and does not constitute tax advice. Consult a qualified tax professional for advice specific to your situation.
Key 2026 Tax Numbers at a Glance
All figures from the IRS and One Big Beautiful Bill Act. Compared to tax year 2025.
Standard Deduction (Single)
$16,100
+$350
Standard Deduction (Joint)
$32,200
+$700
SALT Cap
$40,400
+$30,400
Child Tax Credit
$2,200
Unchanged
Senior Bonus Deduction
$6,000
New
401(k) Limit
$24,500
+$1,000
Tips Deduction
$25,000
New
Overtime Deduction
$12,500
New
Estate Exemption
$15M
Permanent
What this estimate includes
Single filer, wage income, standard deductions, federal and state income taxes, employee FICA, and NYC resident tax when selected. Benefits, retirement contributions, most credits, itemized deductions and other local taxes are not included.
- Federal standard deduction used
- $16,100
- Social Security wage cap
- $184,500
Tax data last recorded as reviewed: May 12, 2026. Read the methodology, sources and limitations.