If Your Income Is Above This Number, You'll Be Taxed at the Highest Rate in 2026

Income taxes are a part of life for anyone who earns money in the United States, and for those who earn a high income, a big IRS bill is par for the course. That's because the United States has a progressive income tax system.There are different tax rates that apply to different tax brackets, or income ranges. As you earn more money, the additional income you make is taxed at a higher rate.The IRS has recently announced that the tax brackets are changing for 2026. This occurs in most years because of inflation, as tax brackets need to adjust upward to account for wage growth. With this change, you'll now have to earn more money before you end up paying taxes at the highest rate.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool