| Tax Break / Provision | 2025 (Filed in 2026) | 2026 (Filed in 2027) |
|---|---|---|
| Standard Deduction - Single / MFS | $15,750 | $16,100 (+350 inflation adjustment) |
| Standard Deduction - Married Filing Jointly | $31,500 | $32,200 (+700 inflation adjustment) |
| Standard Deduction - Head of Household | $23,625 | $24,150 (inflation adjustment) |
| Additional Senior Bonus Deduction (Age 65+) | $6,000 per qualifying individual (up to $12,000 joint if both qualify) Phases out over $75,000 MAGI single / $150,000 joint | Same (temporary through 2028) |
| Overtime Premium Deduction | Up to $12,500 single / $25,000 joint Phases out over $150,000 MAGI single / $300,000 joint | Same (temporary through 2028) |
| Tips Deduction | Up to $12,500 single / $25,000 joint Phases out over $150,000 MAGI single / $300,000 joint | Same (temporary through 2028) |
| Vehicle Loan Interest Deduction | Up to $10,000 Phases out over $100,000 MAGI single / $200,000 joint | Same (temporary through 2028) |
| Tax Brackets | 7 brackets: 10%, 12%, 22%, 24%, 32%, 35%, 37% (Thresholds inflation-adjusted) | Same rates and structure (permanent under OBBBA) |
| Social Security Wage Base (Earnings above exempt from 6.2% payroll tax) | $176,100 | $184,500 (increased) |
| Taxation of Social Security Benefits Thresholds | Combined income: Single: $25,000–$34,000 (up to 50% taxable); over $34,000 (up to 85%) Joint: $32,000–$44,000 (up to 50%); over $44,000 (up to 85%) | Same (fixed, no inflation adjustment) |
ThankQ foldspace!
>>Taxation of Social Security Benefits Thresholds Combined income:
Single: $25,000–$34,000 (up to 50% taxable); over $34,000 (up to 85%)
Joint: $32,000–$44,000 (up to 50%); over $44,000 (up to 85%) Same (fixed, no inflation adjustment)
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This just proves Soc Sec is still significantly taxed.
When they make misleading statements like “no tax on Soc Sec benefits”, it doesn’t ingratiate, it pisses people off.
Thanks, foldy. Your tables are so helpful.