US EditionPublished • loading... • Updated
IRS Updates Guidance Related To 2026 Tax Items Indexed For Inflation
The IRS corrected 2026 tax guidance to include inflation adjustments and changes to the Low-Income Housing Credit, which may reduce federal revenue by $39 million in 2026.
2 Articles
2 Articles
How the 2026 IRS Changes Could Save Homeowners Thousands in Taxes
Image source: Getty Images Homeowners could see major tax savings next year thanks to a series of 2026 IRS inflation adjustments that raise deduction thresholds and expand credits tied to homeownership.According to the IRS, the standard deduction will rise to $32,200 for married couples filing jointly and $16,100 for single filers in 2026. That larger deduction lowers taxable income and could trim hundreds or even thousands off many homeowners' …
·Alexandria, United States
Read Full Article
Coverage Details
Total News Sources2
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
