What Happens To Tax Rates In 2026

What Happens To Tax Rates In 2026. The tcja created new, lower tax rates and increased the income thresholds before each new marginal tax bracket applied. Marginal tax rates (irc § 1):

While the lowest bracket is at a 10% tax rate for the 2023 and 2024 tax brackets and the 2017/2026 tax brackets, the other tax rates for the 2017/2026 brackets are higher. The tcja created new, lower tax rates and increased the income thresholds before each new marginal tax bracket applied.