The U.S. federal income tax system is progressive, meaning higher levels of income are taxed at higher rates. For the 2026 tax year, understanding these brackets is essential for accurate withholding and financial planning. This guide provides the latest projected brackets and explains how marginal tax rates actually work.
How Marginal Tax Rates Work
A common misconception is that if you move into a higher tax bracket, all of your income is taxed at that higher rate. In reality, only the portion of your income that falls within each specific bracket is taxed at that bracket's rate.
2026 Projected Tax Brackets (Single Filers)
| Tax Rate | Taxable Income Range |
|---|---|
| 10% | $0 to $11,925 |
| 12% | $11,926 to $48,475 |
| 22% | $48,476 to $103,350 |
| 24% | $103,351 to $197,300 |
| 32% | $197,301 to $250,525 |
| 35% | $250,526 to $626,350 |
| 37% | Over $626,350 |
Standard Deduction vs. Itemized Deductions
Most taxpayers choose the standard deduction, which reduces the amount of income you're taxed on. For 2026, the standard deduction is projected to increase to reflect inflation.
- Single: ~$15,000
- Married Filing Jointly: ~$30,000
- Head of Household: ~$22,500