IRS announces new tax brackets for 2026

Posted by tonylouis1337@reddit | Libertarian | View on Reddit | 46 comments

Great news, some of us are gonna get tax cuts. I know that in my case it's gonna go down from 22% to 12%. Nice!!!!!!!

https://ground.news/article/irs-announces-new-federal-income-tax-brackets-for-2026_9f184e?utm_source=mobile-app&utm_medium=newsroom-share

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UnleashTheOnion@reddit

Literally does nothing for my tax situation. Fuck taxes.

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“Annual Exclusion for Gifts. For tax year 2026, the annual exclusion for gifts remains at $19,000. (However, the annual exclusion for gifts to a spouse who is not a citizen of the United States increases to $194,000 for calendar year 2026, up $4,000 from calendar year 2025.)”

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Ariakkas10@reddit

This link is cancer

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karahaboutit@reddit

I saw your comment said huh. Opened the link to an explosion of unclosable tabs.

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SkinnyPuppy2500@reddit

Why post a shit article like this (or cbs with no actual data, well done cbs… you suck and to deserve to go broke) and not just go to the irs website?

https://www.irs.gov/newsroom/irs-releases-tax-inflation-adjustments-for-tax-year-2026-including-amendments-from-the-one-big-beautiful-bill

Also, none of this is particularly relevant or helpful, your purchasing power is way worse than this small increase from tax bracket adjustments from 2025-2026. Unless you get a pay raise of 3-4% every year, you are going backwards.

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krzyzj@reddit

Why?

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robowarrior023@reddit

What a shit link to post for this.

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dasper12@reddit

Ground news is actually pretty good for getting your news and I was able to read this without logging in or paying. Plus it has links to like 20 other news sources for the same report. I would prefer more links like this in the future.

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Jimmorrison1771@reddit

Most don't pay taxes they get refunds or never file.

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gkcontra@reddit

Getting a refund doesn’t mean they paid no taxes.

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Jimmorrison1771@reddit

Lol downvoted by libertarians. Im a 20 year business owner. Fuckin retards.

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Unique-Quarter-2260@reddit

Wait… taxes are going down but spending stills high?

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cleverkid@reddit

It's called a burnout... slam on the breaks, stomp on the gas! ambrosia for accellerationists.

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WiEnEr_SqUeEzEr@reddit

The creature from jekyl island goin' crazy

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chuchrox@reddit

Great another article on how much the government is going to steal from me.

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Noactuallyyourwrong@reddit

Just adjusts the brackets for inflation. No reason to be excited about this. Still way too high

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Fahj714@reddit

Shout out to Ground News!

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tonylouis1337@reddit (OP)

Hell yeah I don't see the issue with the link that people are talking about and some even said there's a paywall?

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Fahj714@reddit

Prolly didn’t use the 50% code from Channel 5 and don’t have full access 🤷🏻‍♂️

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neogeek23@reddit

Since tax are progressive, does this mean everyone's tax is going down?

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tonylouis1337@reddit (OP)

Peep the brackets. The Newsnation article has a nice section for it. Also CNBC's article details capital gains taxes in their article and spoiler alert, those ones are going up 👎👎

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helloWorld69696969@reddit

If we have to have one, Id rather have lower income tax and higher capital gains.

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DirtyFatB0Y@reddit

This is all nonsense. The governments spending is the problem. It’s not how much we all pay in taxes in different scenarios.

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helloWorld69696969@reddit

Its true that spending is the main issue, but it is objectively better for more people to keep more of their income than it is for investments to make higher returns.

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DirtyFatB0Y@reddit

The only thing that is better is less government spending and less taxes for all of the people.

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helloWorld69696969@reddit

And in my scenario "More people" have "less taxes"

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DirtyFatB0Y@reddit

All people should have less taxes.

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helloWorld69696969@reddit

My guy, what the fuck does that have to do with this. No shit that would be best, but thats not a reality im today's climate

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EskimoPrisoner@reddit

That may feel more moral or fair, but I don’t think there’s any economic argument for one being better. You disincentivize either working or investing, and I’d expect both to harm the economy.

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The100thIdiot@reddit

But if investment returns drop, the more capital will be hoarded rather than invested. That leads to lack of growth or even decline, leading to less jobs. Great for those still working as they will have more dollars in their pocket from the incometax reduction. Not so good for those that get layed off who would much prefer to pay more on an income than zero on zero.

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tonylouis1337@reddit (OP)

Yeah same here, it's obviously the more practical option. It does feel like a gut punch to those of us getting more into stocks and crypto, but if we're seriously gonna play the game throughout the year, then more wealth in assets is still more wealth in assets

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They've told me 100x and downvoted links proving otherwise

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