US Tax Cheatsheet 2026
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The IRS applies these federal figures for the tax year shown, separate state income tax rules and brackets also apply on top, depending on where you live.
| Allowance / Band | Amount | Notes |
|---|---|---|
| Standard Deduction (Single) | $16,100 | 2026 tax year |
| Standard Deduction (Married Filing Jointly) | $32,200 | 2026 tax year |
| Standard Deduction (Head of Household) | $24,150 | 2026 tax year |
| 401(k) Contribution Limit | $24,500/year | +$8,000 catch-up if 50+ (+$11,250 at ages 60-63) |
| 401(k) Total Limit (Employee + Employer) | $72,000/year | 2026 tax year |
| IRA Contribution Limit | $7,500/year | $8,600 if 50+ |
| Roth IRA Income Limit (Single / HoH) | $153,000 - $168,000 MAGI | Phase-out range; none above $168,000 |
| Roth IRA Income Limit (Married Filing Jointly) | $242,000 - $252,000 MAGI | Phase-out range; none above $252,000 |
| Traditional IRA Deduction (Single, covered by workplace plan) | $81,000 - $91,000 MAGI | Phase-out range |
| Traditional IRA Deduction (Married, covered by workplace plan) | $129,000 - $149,000 MAGI | Phase-out range |
| Traditional IRA Deduction (Married, only spouse covered) | $242,000 - $252,000 MAGI | Phase-out range |
| Capital Gains 0% Rate | Up to $49,450 (single) | Long-term gains |
| Social Security Wage Base | $184,500 | Max earnings subject to FICA |
| Gift Tax Annual Exclusion | $19,000/year | Per recipient, tax-free |
| HSA Contribution Limit (Self) | $4,400/year | Triple tax-advantaged |
Want to see how these federal numbers translate into your own paycheck? Try our US State Tax Calculator or 401(k) Calculator
For informational purposes only, not tax advice. Figures apply to the 2026 US federal tax year and may change.
