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To: All; tax
Tax Break / Provision2025 (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 jointSame (temporary through 2028)
Overtime Premium DeductionUp to $12,500 single / $25,000 joint Phases out over $150,000 MAGI single / $300,000 jointSame (temporary through 2028)
Tips DeductionUp to $12,500 single / $25,000 joint Phases out over $150,000 MAGI single / $300,000 jointSame (temporary through 2028)
Vehicle Loan Interest DeductionUp to $10,000 Phases out over $100,000 MAGI single / $200,000 jointSame (temporary through 2028)
Tax Brackets7 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 ThresholdsCombined 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)

3,305 posted on 12/18/2025 1:09:09 PM PST by foldspace
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To: Al; All
I have just been informed that the highly respected Board of the Kennedy Center, some of the most successful people from all parts of the world, have just voted unanimously to rename the Kennedy Center to the Trump-Kennedy Center , because of the unbelievable work President Trump has done over the last year in saving the building. Not only from the standpoint of its reconstruction, but also financially, and its reputation. Congratulations to President Donald J. Trump, and likewise, congratulations to President Kennedy, because this will be a truly great team long into the future! The building will no doubt attain new levels of success and grandeur.
-Karoline Leavitt

3,309 posted on 12/18/2025 1:14:18 PM PST by foldspace
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To: foldspace

ThankQ foldspace!


3,324 posted on 12/18/2025 1:51:09 PM PST by WildHighlander57 ((the more you tighten your grip, the more star systems will slip through your fingers.) )
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To: 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)
**********************************************************
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.


3,334 posted on 12/18/2025 2:22:04 PM PST by Kalamata
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To: foldspace

Thanks, foldy. Your tables are so helpful.


3,512 posted on 12/19/2025 12:17:46 PM PST by Bigg Red ( Lord, make me an instrument of your peace.)
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