2026 Limits | Clearly, Finance

Income tax

Federal brackets

Rate	Single	Married filing jointly
10%	Up to $12,400	Up to $24,800
12%	Over $12,400	Over $24,800
22%	Over $50,400	Over $100,800
24%	Over $105,700	Over $211,400
32%	Over $201,775	Over $403,550
35%	Over $256,225	Over $512,450
37%	Over $640,600	Over $768,700

Your state income tax

Choose your state to see its 2026 income tax.

Standard deduction

Single / married separately$16,100

Married filing jointly$32,200

Head of household$24,150

Additional, age 65+ (single)$2,050

Additional, 65+ (per spouse)$1,650

New for 2026: a senior deduction of $6,000 per qualifying taxpayer age 65+, phasing out above $75,000 (single) and $150,000 (joint).

Investments

Long-term capital gains (held over one year)

Rate	Single	Married filing jointly
0%	Up to $49,450	Up to $98,900
15%	$49,450–$545,500	$98,900–$613,700
20%	Over $545,500	Over $613,700

Short-term capital gains

Held one year or lessOrdinary rates

Short-term gains are taxed as ordinary income, at the federal brackets above (10% to 37%).

Net investment income tax

Extra tax, single over $200,0003.8%

Extra tax, joint over $250,0003.8%

Applies to investment income once modified AGI tops the threshold. Not adjusted for inflation.

Retirement

Contribution limits

401(k) / 403(b) / 457 / TSP$24,500

Catch-up, age 50+$8,000

Catch-up, age 60–63$11,250

Traditional & Roth IRA$7,500

IRA catch-up, age 50+$1,100

Total employer + employee$72,000

Roth IRA income limits

Single / head of household$153k–$168k

Married filing jointly$242k–$252k

Full contribution below the range, partial within it, none above.

Traditional IRA deduction limits

Single, covered by a plan$81k–$91k

Married, you are covered$129k–$149k

Married, only spouse covered$242k–$252k

Health

HSA contributions

Self-only$4,400

Family$8,750

Catch-up, age 55+$1,000

HDHP minimum deductible

Self-only$1,700

Family$3,400

HDHP out-of-pocket max

Self-only$8,500

Family$17,000

Education

Student loan interest

Maximum deduction$2,500

Phase-out, single / HoH$85k–$100k

Phase-out, joint$175k–$205k

Education credits

American Opportunity (per student)$2,500

Lifetime Learning (max)$2,000

Phase-out, single$80k–$90k

Phase-out, joint$160k–$180k

Education savings

Coverdell ESA (max)$2,000

529 plan annual limitNone

529 contributions have no federal cap but count as gifts. See the $19,000 annual gift exclusion.

Family & credits

Child Tax Credit

Per qualifying child$2,200

Refundable portion$1,700

Begins phasing out above $200,000 (single) and $400,000 (joint).

Earned Income Tax Credit

Max, three or more children$8,231

Max, two children$7,316

Other credits

Adoption credit (max)$17,670

Saver's Credit cap, single$40,250

Saver's Credit cap, joint$80,500

Estate & gifts

Gifts

Annual gift exclusion$19,000

Gift to noncitizen spouse$194,000

Estate

Lifetime estate & gift exemption$15,000,000

Made permanent and raised to $15M per person for 2026, indexed going forward.

Medicare

Premiums & deductibles

Part B premium (monthly)$202.90

Part B annual deductible$283

Part A inpatient deductible$1,736

IRMAA income thresholds

Surcharges begin, single$109,000

Surcharges begin, joint$218,000

Top tier, single / joint$500k / $750k

IRMAA is based on your modified AGI from two years earlier.

Sources. Federal figures verified against the IRS (Rev. Proc. 2025-32, Notice 2025-67, Rev. Proc. 2025-19), the Social Security Administration, and CMS. State income tax rates from the Tax Foundation, as of January 1, 2026. For tax year 2026.

This page is general reference, not tax or financial advice. State summaries show the rate structure and range; local taxes, deductions, and special rules can change your numbers. Check your own situation with a qualified professional. Last reviewed June 2026.

The 2026 numbers, in one place.