Paul Rolnick CPA, LLC

Tax Inflation Adjustments for Tax Year 2026
The tax year 2026 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes, are now available.

The tax items of greatest interest include the :
• Increased standard deduction (the One, Big, Beautiful Bill also raises the tax year 2025 standard deduction),
• Marginal rates,
• Alternative minimum tax exemption amounts,
• Estate tax credits,
• Adoption Credit (which may now be refundable) and
• Employer-provided childcare tax credit.
• Earned Income Tax Credit,
• Qualified transportation fringe benefit,
• Health flexible spending cafeteria plans,
• Medical savings accounts,
• Foreign earned income exclusion and
• Annual exclusion for gifts.

The IRS includes more details about the tax inflation adjustments, along with a list of items unaffected by indexing. https://ow.ly/QC8k50XzNse

Contact us if you have questions about the 2026 adjustments.

IRS Updates Guidance Related To 2026 Tax Items Indexed For Inflation The IRS has issued an update which corrects some calculations as published initially by the IRS as part of the annual inflation adjustments for the year 2026.

As a small business owner you have more important things to do than to keep your own books.

We take care of your books for you, so you can get back to the job of running your business and generating profits.

Take back your time in 2026. Let us help. https://rolnickcpa.com/smallbiz.php