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The IRS has unveiled increased capital features tax brackets for 2026.
In its announcement Thursday, the company boosted the taxable earnings limits for the long-term capital features brackets, which apply to property owned for multiple 12 months.
It additionally elevated figures for dozens of different provisions, together with federal earnings tax brackets, the property and present tax exemption, and eligibility for the earned earnings tax credit score, amongst others.
The IRS bulletins come a day after the company mentioned it might furlough practically half its workforce as a result of ongoing authorities shutdown.
The capital features price you pay is predicated on which bracket you fall into based mostly on taxable earnings.
You calculate taxable earnings by subtracting the larger of the usual or itemized deductions out of your adjusted gross earnings. For 2026, the usual deduction will rise to $16,100 for single filers and $32,200 for married {couples} submitting collectively.
Beginning in 2026, single filers will qualify for the 0% long-term capital features price with taxable earnings of $49,450 or much less and married {couples} submitting collectively are eligible with $98,900 or much less.