This comes after the IRS announced its decision to furlough nearly half its workforce in the wake of the ongoing federal government shutdown.

On Thursday, the Internal Revenue Service published the new annual inflation adjustments for over 60 tax provisions, which included income tax brackets, standard deduction, and credits for the 2026 ta...

The maximum 37% rate only applies to individual filers earning over 640,600 and married couples filing jointly who made over $768,700 combined.