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2026 federal tax rates and key limits

Use the tax year—not the year you file—to choose the correct figures. These 2026 amounts generally apply to returns filed in 2027.

How marginal brackets work

Each rate applies only to taxable income within that bracket. Your marginal rate is not a tax on your entire gross income. Credits, deductions, surtaxes and different types of income affect the final calculation.

2026 ordinary-income brackets

The table below covers single and married-filing-jointly returns. Other filing statuses have separate thresholds.

2026 ordinary-income brackets
RateSingle: taxable incomeMarried filing jointly: taxable income
10%Up to $12,400Up to $24,800
12%Over $12,400 to $50,400Over $24,800 to $100,800
22%Over $50,400 to $105,700Over $100,800 to $211,400
24%Over $105,700 to $201,775Over $211,400 to $403,550
32%Over $201,775 to $256,225Over $403,550 to $512,450
35%Over $256,225 to $640,600Over $512,450 to $768,700
37%Over $640,600Over $768,700

Standard deduction

For 2026, the basic standard deduction is $16,100 for single or married-filing-separately taxpayers, $32,200 for married filing jointly, and $24,150 for heads of household. Additional rules apply to age, blindness and dependency.

Employment taxes and investment income

The 2026 Social Security wage base is $184,500. Medicare has no wage cap, and Additional Medicare Tax can apply above the relevant threshold. Self-employment tax uses its own calculation and coordination with wages. Long-term capital gains and qualified dividends use separate rate schedules; do not apply the ordinary-income table to them.

Florida and other states

Florida has no individual income tax. That does not eliminate tax owed to another state on source income or business activity. Florida corporate, sales, reemployment and other business taxes may still apply.

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Related guidance

2026 tax deadlines for owners and employers

A calendar for common federal filing and payment dates. Fiscal-year entities, disaster relief, special elections and individual circumstances can change a deadline.

Tax planning for business owners

Review your tax position while there is still time to act. Planning starts with current records and compares the cost, timing and requirements of each option.

§ FAQ

Questions we hear about tax rates.

Does Florida have a state income tax?

Florida has no state income tax on individuals. There is also no state tax on retirement income, pensions, or Social Security benefits. This is a significant planning advantage for high-earners and retirees who relocate to Florida.

What are the 2026 federal income tax brackets?

For 2026 there are seven federal ordinary-income brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Federal income tax is progressive, so each bracket taxes only the income that falls within it, not your full income. Your filing status determines which bracket schedule applies, and the top 37% rate starts at income over $640,600 for single filers and over $768,700 for married filing jointly.

If I am in the 24% tax bracket, do I pay 24% on all my income?

No. Being in the 24% bracket does not mean you pay 24% on your whole income. Only the income that falls within that bracket is taxed at 24%, so your effective (average) rate is always lower than your marginal (bracket) rate.

How much is self-employment tax in 2026?

Self-employed individuals pay both the employer and employee share of Social Security and Medicare on their net earnings. For 2026 that is 12.4% Social Security on the first $184,500 of net self-employment earnings plus 2.9% Medicare on all net earnings with no cap, for an effective combined rate of about 15.3% at the low end. An additional 0.9% Medicare applies to earnings above $200K for single filers and $250K for married filing jointly.

What is the 2026 long-term capital gains tax rate?

Assets held more than one year qualify for long-term capital gains treatment, taxed at 0%, 15%, or 20% for 2026, while short-term gains are taxed at ordinary-income rates. The 0% rate applies up to $49,450 for single filers and up to $98,900 for married filing jointly. The 20% rate applies to amounts over $545,500 single and over $613,700 married filing jointly.
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