Federal Income Tax Brackets

 

In 2018 the Trump tax cuts lowered most people’s taxes.  The standard deduction was raised to $12,000 per person effectively making it unnessessary to itemize. As of 2020, the standard deduction is $12,400 per person.

Congress has stipulated that in 2026 the tax rates will revert back to the 2017 tax brackets.

 

In 2026 taxes will revert back to 2017 brackets

Get In Touch

Kopman Financial

8901 E. mountain view rd. #110  Scottsdale, AZ 85254
480 991 2815
info@kopmanfinancial.com

Rob Kopman, Principal
rob@kopmanfinancial.com
Cell: 480 991 2815