IRS Announces 2026 Tax Changes

The IRS has announced tax adjustments for 2026, influenced by a significant legislative change dubbed the 'big, beautiful bill.' These adjustments include new tax brackets, which could lead some Americans to save thousands of dollars, while others may not benefit as much. Additionally, these changes could result in tax refunds increasing by up to $1,000 for certain taxpayers. The updates aim to reflect economic conditions and policy priorities, impacting taxpayers differently based on their financial circumstances.