The IRS also boosted figures for dozens of other provisions, including long-term capital gains brackets estate and gift tax exemption and more.

In 2026, for the tax year 2025, the standard deduction got a $400 boost, making it $15,000 for single filers. Married couples filing jointly will see a standard deduction of $30,000, which is up $800 from 2024.

On Tuesday, the Internal Revenue Service announced its annual inflation adjustments for 2025, including updates to the federal income tax brackets and standard deduction. The standard deduction — which is the amount of money you can reduce from your income before it's taxed,