Some workers could receive bigger tax refunds in 2026 due to President Trump’s new tax law applying retroactively and the IRS delaying changes to withholding rules until next year.
As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.
The standard deduction is also going to increase for the 2026 tax year, so those high earners who claim the standard deduction will get to subtract more of their money from their taxable income. The ...
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